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A ‘single CSD access point to multiple market information. AECSD Conference 9 September, 2010. Dan Kuhnel, Director, New Issues & Fixed Income Securities Euroclear. Euroclear today. Mergers/acquisitions of central securities depositories Euroclear now covers…..
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A ‘single CSD access point to multiple market information AECSD Conference 9 September, 2010 Dan Kuhnel, Director, New Issues & Fixed Income Securities Euroclear
Euroclear today • Mergers/acquisitions of central securities depositories • Euroclear now covers….. • two-thirds of blue-chip equities in Europe • 50% of European domestic debt • 60% of eurobonds worldwide • In 2009, Euroclear …. • settled EUR 514 trillion of securities transactions • representing 180 million transactions • held EUR 20 trillion in assets for clients • covering 41 markets and 53 currencies
A buying power market…with multiple, fragmented business models Local CSD ICSD DOMESTIC MARKETS Regional custodian INTERNATIONAL INVESTORS Global custodian
Euroclear’s Single Platform objectives Asingle point of access to the Euroclear groupfor clients to manage all of their activity through a new communication interface (CCI) Increased efficiency of corporate action and custody-related processingdue to harmonisation and standardisation - removal of paper in favour of electronic flows Internalisation of settlementfor Euroclear group securities with any counterparty within the Euroclear group to improve settlement efficiency and reduce credit needs Pooling of assets for collateral management purposes
Key benefits of Euroclear’s Single Platform • …for investors • Improved service levels, including better timeliness and accuracy of information for corporate actions and income events • …for issuers • Increased investor satisfaction • Attractive and competitive issuance and settlement model to expand the investor base and support a continuously growing international market • Better servicing and increased operational efficiency through standardisation and STP, leading to reduced cost and risk
Key benefits of Euroclear’s Single Platform • …for intermediaries • Improved service levels for investors and issuers • Better cost controls in a volume-increasing and complex environment • Better risk controls through increased efficiency, standardisation and STP
Key features for CSDs • When ready and equipped…. • Easy access to foreign investors • More trading counterparties for local securities professionals • Move to international standards of transaction processing • Growth opportunities
Belgium Denmark Canada USA Mexico Argentina Euroclear Bank - domestic market CSD linksWorldwide coverage Russia Korea France Germany Hong Kong Hungary Spain Czech Republic Indonesia Portugal The United Kingdom Japan Ireland Poland Italy Malaysia Luxembourg Slovenia The Netherlands Slovakia Philippines Greece Sweden Singapore Austria Romania Finland Switzerland Thailand Israel Australia Norway Dubai New Zealand South Africa