Euroclear (Brussels) has launched the Euroclear Settlement of Euronext-zone Securities (ESES) platform, enabling market participants in three EU markets " Belgium, France and the Netherlands " can process all fixed-income, equity and other domestic securities transactions with the same platform.
With ESES, cross-border transactions between counterparties in Belgium, France and the Netherlands are processed as domestic transactions. As a result, Euroclear is eliminating in the ESES markets the complexities, risks and excess costs of cross-border transactions as identified by the Giovannini Group, the European Commission and many others in the public and private sectors, according to the company.
Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio