Are you interested in becoming a Euroclear Bank client?
Euroclear Bank provides fair and open access to its services, taking into account potential risks to financial stability and continued operation of the financial markets.
It controls potential risks arising from its Participants by setting risk-related eligibility criteria for the provision of its services. It further monitors that its Participants meet these criteria on an ongoing basis.
The Euroclear Bank admission criteria are transparent, objective, and non-discriminatory. They are publicly disclosed in “The Operating Procedures of the Euroclear System” which is part of the Terms and Conditions and must be read along with the Supplementary Terms and Conditions. In cases of conflict, the Terms and Conditions and/or the Supplementary Terms and Conditions will prevail.
Depending on regulatory status and/or place of permanent establishment, we will consider an applicant as a:
- Standard Participant
- Specific Regulated Participant
- Specific participant
This categorisation is derived by virtue of the Belgian legislation implementing the Settlement Finality Directive. Specific Regulated Participants and Specific Participants must comply with specific additional documentation requirements to mitigate potential additional risks resulting from their participation in the Euroclear System.
Applicants must meet the following criteria:
After contacting us, applicants will be assigned a Relationship Manager who will provide an overview of the documents to be completed and returned.
Applicants must submit an admission file that demonstrates compliance with the admission criteria.
After having received the application file including the official and signed application letter, the relationship manager will closely follow-up and coordinate the admission process.
Once the application file is received, compliance will be assessed and the Euroclear Bank Management Committee will decide whether to accept or refuse the application.
The applicant will be notified in writing within one month following receipt of the properly completed admission file, required supporting documents and application letter.
Should an application be rejected, the reasons for the rejection will be included in the notification sent to the applicant.
The process to follow in order to appeal a rejection will be included in the notification received.