Clients of non-financial services are required to meet a set of acceptance criteria.
Non-financial services are services:
- for the purposes of which Euroclear does not hold securities or cash on behalf of the clients of such services and hence does not open securities or cash accounts in the name of such clients; and
- which do not imply the entering into any financial transactions between Euroclear and the clients or for which transactions Euroclear acts as intermediary.
Applicants must meet the following criteria.
Euroclear Bank Participants who wish to sign up to a non-financial service can do so under their Participant status; no additional assessment is required.