EXTERNAL TRANSACTIONS

external transactions: translation

On foreign/non-group CSD securities when the counterparty is settling the transaction outside the Single Platform ( i.e. the counterparty is a member of a non-group ( I)CSD.- In view of the Euroclear Bank services on multi-deposited securities, external settlement may also be possible on group securities when the counterparty is a member of a non-group CSD.) Euroclear Clearing and Settlement glossary