founder j.p. morgan & co. headquarters brussels belgium products clearing house central securities depository custodian bank members 2 000 number of employees 3 500 divisions euroclear bank euroclear belgium euroclear finland euroclear france euroclear nederland euroclear sweden euroclear uk & ireland emxco website www.euroclear.com euroclear is a belgium based financial services company that specializes in the settlement of securities transactions as well as the safekeeping and asset servicing of these securities . it was founded in 1968 as part of j.p. morgan & co. to settle trades on the then developing eurobond market . contents 1 activity 2 history 2.1 early development 1968 2000 2.2 acquisitions 2001 2010 2.3 international development 2010 today 3 international control 3.1 argentina 3.2 greece 4 governance 5 references 6 see also 6.1 related pages 6.2 external links activity edit euroclear settles domestic and international securities transactions covering bonds equities derivatives and investment funds . euroclear provides securities services to financial institutions located in more than 90 countries . in addition to its role as an international central securities depository icsd euroclear also acts as the central securities depository csd for belgian dutch finnish french irish swedish and uk securities . euroclear also owns emxco the uk s leading provider of investment fund order routing . euroclear is the largest international central securities depository in the world . retail investors are able to have direct accounts in local csds according to local laws rules and procedures . history edit early development 1968 2000 edit the euroclear system was operated by the belgian branch of morgan guaranty trust company from its founding in 1968 until the start of 2001 when they transferred control to euroclear bank . 1 acquisitions 2001 2010 edit euroclear acquired sicovam the french central securities depository or csd in 2001 and necigef nederlands centraal instituut voor giraal effectenverkeer the dutch csd in 2002 . it acquired caisse interprofessionnelle de d p ts et de virements de titres cik the belgian csd in 2007 . these local csds were renamed as euroclear france euroclear netherlands and euroclear belgium respectively . euroclear also took a 20 % stake in the capital of lch.clearnet the uk french entity responsible for the clearing of euronext london stock exchange and other stock exchange transactions . the csds of finland suomen arvopaperikeskus oy apk and sweden vpc ab now operating as euroclear finland and euroclear sweden respectively were acquired by euroclear in october 2008 . international development 2010 today edit in october 2012 euroclear granted access to russia s national settlement depository making it easier for other countries hooked to euroclear s system to trade with russia and making russia s capital market integrated into london s and new york s markets . 2 3 years later russia mimicked the euroclear system to create an exchange system with china . 3 in may 2013 euroclear and the us depository trust and clearing corporation offered access to each other s vast inventory of collaterals . while the initial offering provides a two way automatic transfer and retention of collaterals it is intended to evolve as a single pool of depositories . 4 in april 2014 euroclear linked its system to the central latinoamericana de valores to open panama to international investors thus creating a single pool of liquidity . 5 in february 2015 mexico opened up its corporate bonds to euroclear s trading platform hoping it will facilitate and increase raising funds for its development programs . 6 in march 2016 the central bank of france linked with euroclear for securities lending 7 and with the mexican stock exchange to connect the mexican mutual funds market with the belgian trade company . 8 international control edit argentina edit on march 25th 2015 new york judge thomas griesa ordered euroclear to stop processing payments of argentina s debt bonds . 9 10 this court injunction follows argentina s decade long dispute with its creditors . 11 the next day the trading bridge between euroclear and clearstream on those argentine bonds were also shuttered until further notice . 12 the intent of this injunction was to force argentina to fully pay their creditors in order to gain back access to its bond selling program . 13 greece edit in april 2012 euroclear participated in the restructuring of the greek debt by swapping 41 billion euros of greek bonds which represented about a third of the foreigner held greek debt . 14 governance edit in 2005 a new belgian holding company euroclear sa nv was created as the owner of all the shared technology and services supplied to each of the euroclear csds and the icsd . in january 2010 tim howell became ceo of euroclear replacing pierre francotte whose tenure lasted 10 years . 15 in 2015 euroclear reported 27.5 trillion in safekept clients assets and 674.7 trillion in annually traded assets . 16 each of the euroclear csds are regulated by the relevant authorities within their respective home countries . incorporated in belgium euroclear sa nv is subject to the supervision of the belgium financial services and markets authority fsma . the national bank of belgium nbb also has oversight . euroclear plc is authorised as a service company by the financial conduct authority in the united kingdom . references edit international payment arrangements pdf . cpss red book . 2003 . retrieved 24 august 2015 . ben aris 4 october 2012 . russia joins euroclear . ft.com . retrieved 2016 05 08 . vladimir kuznetsov 3 september 2015 . russia mimics euroclear with china market link as ties grow . bloomberg.com . retrieved 2016 05 08 . philip stafford 13 may 2013 . dtcc and euroclear to share collateral pool . ft.com . retrieved 2016 05 08 . euroclear and latin clear launch international link for panama . automatedtrader.net . 2 april 2014 . retrieved 2016 05 08 . anthony harrup 13 february 2015 . mexican corporate bonds gain wider audience with euroclear access . wsj.com . retrieved 2016 05 08 . french central bank links with euroclear for sec lending . globalinvestormagazine.com . 23 march 2016 . retrieved 2016 05 08 . grupo bmv and euroclear announce mexican fund market venture . automatedtrader.net . 15 march 2016 . retrieved 2016 05 08 . brief u.s. court orders euroclear not to process argentine debt payments . reuters.com . 25 march 2015 . retrieved 2016 05 12 . griesa blocks euroclear from processing any argentina bonds payments . mercopress.com . 26 march 2015 . retrieved 2016 05 12 . davide scigliuzzo 31 march 2015 . euroclear will not make payments on some argentine bonds . reuters.com . retrieved 2016 05 12 . david scigliuzzo paul kilby 26 march 2015 . euroclear stops trading with clearstream on some argentine bonds . reuters.com . retrieved 2016 05 12 . elaine moore philip stafford 30 march 2015 . argentina in last ditch manoeuvre to pay bondholders . ft.com . retrieved 2016 05 12 . euroclear bank efficiently swaps 30 % of foreigner held greek . mondovisione.com . 2 april 2012 . retrieved 2016 05 12 . tim howell to become euroclear s chief executive officer . automatedtrader.net . 5 january 2010 . retrieved 2016 05 08 . euroclear reports record turnover and 27.5 trn in assets under custody . ftseglobalmarkets.com . 26 january 2016 . retrieved 2016 05 08 . see also edit related pages edit ria on clearing and settlement market clearstream external links edit euroclear portal t2s project of the eurosystem retrieved from https en.wikipedia.org w index.php title euroclear & oldid 739276646 categories financial services companies of belgiumcentral securities depositoriessecurities clearing and depository institutions navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main 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