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Euroclear Nederland
Euroclear Nederland is the main central securities depository (CSD) in the Netherlands. It is a fully-owned subsidiary of the Euroclear Group. Overview The Nederlands Centraal Instituut voor Giraal Effectenverkeer (Necigef, ) started operations in September 1977, with nearly all Dutch physical securities deposited there. In the early 1990s, its safe on the Herengracht in Amsterdam held over 8 million paper documents with aggregate value above 800 billion euros. Necigef was fully owned by Amsterdam Exchanges, known as AEX. In 2000, AEX merged with its Belgian and French counterparts to form Euronext. On , Euroclear announced intent to acquire Necigef. The transaction was completed in two stages in February and April 2002. Following the acquisition, Necigef adopted Euroclear Nederland as its commercial name. In January 2009, the Euroclear-owned CSDs in Belgium and the Netherlands migrated to a technical platform known as the Euroclear Settlement of Euronext-zone Securities (ESES), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amsterdam Euroclear
Amsterdam ( , ; ; ) is the capital of the Netherlands, capital and Municipalities of the Netherlands, largest city of the Kingdom of the Netherlands. It has a population of 933,680 in June 2024 within the city proper, 1,457,018 in the City Region of Amsterdam, urban area and 2,480,394 in the Amsterdam metropolitan area, metropolitan area. Located in the Provinces of the Netherlands, Dutch province of North Holland, Amsterdam is colloquially referred to as the "Venice of the North", for its canals of Amsterdam, large number of canals, now a World Heritage Site, UNESCO World Heritage Site. Amsterdam was founded at the mouth of the Amstel River, which was dammed to control flooding. Originally a small fishing village in the 12th century, Amsterdam became a major world port during the Dutch Golden Age of the 17th century, when the Netherlands was an economic powerhouse. Amsterdam was the leading centre for finance and trade, as well as a hub of secular art production. In the 19th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Securities Depository
A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities such as shares or bonds, either in certificated or uncertificated ( dematerialized) form, allowing ownership to be easily transferred through a book entry rather than by a transfer of physical certificates. This allows brokers and financial companies to hold their securities at one location where they can be available for clearing and settlement. In recent decades this has usually been done electronically, making it much faster and easier than was traditionally the case where physical certificates had to be exchanged after a trade had been completed. In some cases these organizations also carry out centralized comparison and transaction processing such as clearing and settlement of securities transfers, securities pledges, and securities freezes. In modern corporate debt markets, investors achieve collateralization through CSDs. The CSDs operate as trustee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Netherlands
, Terminology of the Low Countries, informally Holland, is a country in Northwestern Europe, with Caribbean Netherlands, overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Netherlands. The Netherlands consists of Provinces of the Netherlands, twelve provinces; it borders Germany to the east and Belgium to the south, with a North Sea coastline to the north and west. It shares Maritime boundary, maritime borders with the United Kingdom, Germany, and Belgium. The official language is Dutch language, Dutch, with West Frisian language, West Frisian as a secondary official language in the province of Friesland. Dutch, English_language, English, and Papiamento are official in the Caribbean Netherlands, Caribbean territories. The people who are from the Netherlands is often referred to as Dutch people, Dutch Ethnicity, Ethnicity group, not to be confused by the language. ''Netherlands'' literally means "lower countries" i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euroclear Group
Euroclear, or the Euroclear Group, is a Belgium-based financial market infrastructure group that specialises in the central securities depository (CSD) segment. It traces its origins to the Euro-clear System developed in 1968 by Morgan Guaranty (a predecessor of JPMorgan Chase) in Brussels to settle trades on the then developing eurobond market. The service was rebranded Euroclear (without hyphen) in 1990. In late 2000, the Euroclear System was transferred to a new entity, Euroclear Bank, a fully-owned subsidiary of the Euroclear Group that has remained one of the world's two leading international CSDs, the other being Clearstream Banking SA in nearby Luxembourg. Other entities of the Euroclear group include major national CSDs acquired by Euroclear in the 2000s in Belgium, Finland, France, the Netherlands, Sweden, and the UK. The name "Euroclear" is often misinterpreted as indicating a clearing activity of the Euroclear group, which is actually not the case. This confusion co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Herengracht
The Herengracht () is the second of four Amsterdam canals belonging to the canal belt and lies between the Singel and the Keizersgracht. The Gouden Bocht (Golden Bend) in particular is known for its large and beautiful canal houses. History The Herengracht was built starting in 1612 on the initiative of Mayor Frans Hendricksz. Oetgens, city carpenter Hendrick Jacobsz. Staets and city surveyor Lucas Jansz Sinck. Before that it was a moat (dug in 1585) for the companies located behind the Singel. The canal ran within the city wall parallel to the canal outside the city wall. The Herengracht therefore still has a kink at Driekoningenstraat, where the outer moat was routed around a stronghold at that height. When the ditch was widened into the present canal it was given the name Herengracht in 1612, after the ''Heren Regeerders van de stad Amsterdam'' (Gentlemen Governors of the city of Amsterdam). The part between Leidsegracht and the Binnen Amstel is part of the expansion afte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amsterdam
Amsterdam ( , ; ; ) is the capital of the Netherlands, capital and Municipalities of the Netherlands, largest city of the Kingdom of the Netherlands. It has a population of 933,680 in June 2024 within the city proper, 1,457,018 in the City Region of Amsterdam, urban area and 2,480,394 in the Amsterdam metropolitan area, metropolitan area. Located in the Provinces of the Netherlands, Dutch province of North Holland, Amsterdam is colloquially referred to as the "Venice of the North", for its canals of Amsterdam, large number of canals, now a World Heritage Site, UNESCO World Heritage Site. Amsterdam was founded at the mouth of the Amstel River, which was dammed to control flooding. Originally a small fishing village in the 12th century, Amsterdam became a major world port during the Dutch Golden Age of the 17th century, when the Netherlands was an economic powerhouse. Amsterdam was the leading centre for finance and trade, as well as a hub of secular art production. In the 19th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amsterdam Exchanges
Euronext Amsterdam is a stock exchange based in Amsterdam, the Netherlands. Formerly known as the Amsterdam Stock Exchange (), it merged on 22 September 2000 with the Brussels Stock Exchange and the Paris Stock Exchange to form Euronext. The registered office of Euronext, itself incorporated in the Netherlands a public limited company (), is also located in the exchange. History The Amsterdam stock exchange is considered the oldest "modern" securities market in the world. It was created shortly after the establishment of the Dutch East India Company (Dutch: Nederlandse Oost-Indische Compagnie)(VOC) in 1602 when equities began trading on a regular basis as a secondary market to trade its shares. Prior to that, the market existed primarily for the exchange of commodities. It was subsequently renamed the Amsterdam ''Bourse'' and was the first to formally begin trading in securities. The Sephardic Jewish writer Joseph de la Vega's ''Confusion of Confusions'' (1688) is the first ful ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euronext
Euronext N.V. (short for European New Exchange Technology) is a European bourse that provides trading and post-trade services for a range of financial instruments. Traded assets include regulated equities, exchange-traded funds (ETF), warrants and certificates, bonds, derivatives, commodities, foreign exchange as well as indices. By the end of 2023, Euronext operated nearly 2,000 listed issuers with a market capitalization of approximately €6.6 trillion. Euronext is the largest center for debt and funds listings in the world, and provides technology and managed services to third parties. In addition to its main regulated market, it operates Euronext Growth and Euronext Access, providing access to listing for small and medium-sized enterprises. Euronext Paris accounts for more than 80% of Euronext’s total market cap. Euronext also plays a key role in commodities trading, offering markets for power through Nord Pool and for fish through Fish Pool, alongside other agricu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TARGET2-Securities
TARGET2-Securities, in shorthand T2S, is the Eurosystem's platform for securities settlement in central bank money. T2S offers centralised delivery-versus-payment (DvP) settlement across several European securities markets, without being itself a central securities depository (CSD) since it does not offer CSD services such as custody or asset servicing. T2S is one of the Eurosystem's TARGET Services, together with T2 and TARGET Instant Payment Settlement (TIPS) for cash payments. Background Historically, financial market infrastructures in Europe were created to meet the requirements of national financial markets. In most cases, there were one or two dominant players at each stage of the value chain: typically one stock exchange for trading, one central counterparty (CCP) for clearing and at least one CSD for settlement. Furthermore, these national infrastructures were primarily designed to manage securities denominated in the national currency. Securities settlement across ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurosystem
The Eurosystem is the monetary authority of the eurozone, the collective of European Union member states that have adopted the euro as their sole official currency. The European Central Bank (ECB) has, under Article 16 of its Statute,Statute of the ECB (PDF) the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the amount must be authorised by the ECB beforehand. The Eurosystem consists of the ECB and the national central banks (NCB) of the 20 member states that are part of the eurozone. The national central banks apply the monetary policy of the ECB. The primary objective of the Eurosystem is price stability. Secondary objectives are financial stability and financial integration. The mission statement of the Eurosyste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sicovam Code
The SICOVAM code or simply "SICOVAM" was a security identifier system used to identify French securities listed on French stock exchanges. SICOVAM stands for the ''Société Interprofessionnelle pour la Compensation des Valeurs Mobilières'' (), the French central securities depository later known as Euroclear France, which assigned the codes. SICOVAM codes stopped being assigned on July 1, 2003, when they were replaced with ISINs. Description SICOVAM codes consisted of a six-digit identifier, assigned by the SICOVAM company "by hand" in order of issue. For instance, Alcatel was assigned 013000. SICOVAM codes could be directly converted to ISINs as with other older systems, including CUSIP and SEDOL. To do so the number was padded out with three zeros on the front, then the country code "FR" was added to the front and the ISIN check digit A check digit is a form of redundancy check used for Error detection and correction, error detection on identification numbers, such as bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euroclear Belgium
Euroclear Belgium is one of three central securities depositories (CSDs) in Belgium, together with Euroclear Bank and NBB-SSS. It is the main CSD for Belgian securities other than government bonds. Both Euroclear Belgium and Euroclear Bank are fully-owned entities of the Euroclear Group, which is like them is headquartered in Brussels. Overview The Caisse Interprofessionnelle de Dépôts et de Virements de Titres / Interprofessionele Effectendeposito- en Girokas (), abbreviated as CIK, was initiated in 1967, and formally created by Belgian Royal Decree of . In 1999, CIK merged with the Brussels Stock Exchange and the Belgium Futures and Options Exchange (BELFOX, est. 1991) to form Brussels Exchanges, abbreviated as BXS. In 2000, BXS merged with its Dutch and French counterparts to form Euronext. In December 2004, Euroclear announce it would acquire CIK from Euronext, following its takeovers of Sicovam (France) in 2001, and Necigef (Netherlands) and CRESTCo (UK) in 2002. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
