Euroclear
| Euroclear Bank SA
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|---|---|
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| legal form | SA |
| founding | 1968 |
| Seat | Brussels |
| Number of employees | 3500 |
| Branch | Clearing company |
| Website | www.euroclear.com |
Euroclear is a clearing company founded in 1968 by Morgan Guaranty Trust Co. and based in Brussels . Their tasks include the custody of securities ( custody ), the processing of securities transactions ( settlement ) as well as value-added services such as the administration of deposited securities ( collateral management ) and the brokering of securities , but not the actual clearing .
With more than 2,000 participating financial institutions in 90 countries and a securities turnover of € 500 trillion, Euroclear is the world's largest clearing system for international securities , ahead of its competitor Clearstream . Euroclear holds EUR 27.5 trillion in assets for its customers. The processing volume in 2015 was over 550,000 transactions per day.
Euroclear currently owns around 15.8 percent of the shares in LCH.Clearnet .
history
In 2000, the business was transferred from the Brussels branch of Morgan Guaranty, Euroclear Operation Center division, to the Brussels-based “Euroclear Bank SA ” founded for this purpose .
In 2002, Euroclear took over the British central securities depository CREST .