Marc Antoine Autheman

The Board’s prerogative is to ensure a stable and committed community of shareholders who are invested in the future vision for your group.

Lieve Mostrey

In line with better than expected economic growth, our business has performed strongly, to generate a positive revenue performance, up 5.2% to €1,223 million.

Euroclear by the numbers

The Euroclear group delivered robust business performance in 2017 reflecting its continued relevance as a leading financial market infrastructure.

Values of securities held
(in € trillion)1
2017 28.6
2016 27.7
2015 27.5
2014 26.0
2013 24.2
Turnover
(in € trillion)1
2017 732.8
2016 655.4
2015 669.5
2014 623.3
2013 572.8
Number of netted transactions
(in millions)
2017 214.8
2016 195.9
2015 190.7
2014 181.6
2013 170.4
Collateral Highway
(in € billion)2
2017 1,150.0
2016 1,072.5
2015 1,067.7
2014 886.9
2013 787.3

1. The data includes intra-group holdings/transactions, as relevant.
2.The Collateral Highway launched in July 2012, mobilises collateral from sources within and external to the Euroclear group.

Business income margin
(in %)
2017 28.4
2016 34.4
2015 37.9
2014 37.9
2013 34.2
Adjusted return on equity
(in %)
2017 7.5
2016 7.7
2015 8.7
2014 8.7
2013 8.3
Adjusted net earnings per share
(in €)
2017 84.6
2016 83.7
2015 87.0
2014 78.6
2013 69.3
Operating income
(in € million)
2017 1,222.6
2016 1,161.9
2015 1,130.2
2014 1,039.6
2013 1,016.0
Operating profit before impairment and taxation
(in € million)
2017 403.0
2016 411.0
2015 400.6
2014 359.2
2013 352.7
Shareholders' equity
(in € million)
2017 3,671.0
2016 3,560.0
2015 3,476.0
2014 3,244.5
2013 3,212.5
Dividend per share
(in €)
2017 39.0
2016 37.0
2015 36.3
2014 31.5
2013 29.6

Business review

Turnover Values of securities held Number of netted transactions
2017 €498.2 trillion €12.8 trillion 95.4 million
change from 2016 +10.3% +1.1% +13.3%
Turnover Values of securities held Number of netted transactions
2017 €135.4 trillion €6.0 trillion 61.9 million
change from 2016 +10.3% +2.8% +3.4%
Turnover Values of securities held Number of netted transactions
2017 €0.9 trillion €0.2 trillion 2.5 million
change from 2016 -1.8% +1.1% +5.1%
Turnover Values of securities held Number of netted transactions
2017 €78.4 trillion €6.7 trillion 26.9 million
change from 2016 +24.6% +6.6% +16.0%
Turnover Values of securities held Number of netted transactions
2017 €5.1 trillion €1.1 trillion 6.3 million
change from 2016 +8.1% +6.1% +5.2%
Turnover Values of securities held Number of netted transactions
2017 €0.6 trillion €0.4 trillion 7.6 million
change from 2016 +9.0% +7.2% +7.0%
Turnover Values of securities held Number of netted transactions
2017 €14.2 trillion €1.4 trillion 14.3 million
change from 2016 +21.0% +4.5% +7.9%

Euroclear’s business model: 
meeting our commitments to stakeholders

  1. We are dedicated to reducing risk and providing liquidity to make global markets safer...
  2. ...by operating financial market infrastructure and related services that are open to all...
  3. ...supporting the efficiency and development of capital markets worldwide...
  4. with relevant, robust products and services that meets clients' evolving needs...
  5. enabled by the expertise of our people and our technology platforms...
  6. ...to generate sustainable financial performance to continuously invest...
  7. ...and nurture trusted relationships and long-term value for all our stakeholders.

We are dedicated to reducing risk and providing liquidity to make global financial markets safer

Our DNA is built on actively enabling risk reduction in the capital markets. For the past 50 years, clients have entrusted Euroclear to provide safe and efficient settlement, safekeeping and servicing of transactions for European and Global capital markets.

We operate trusted financial market infrastructure and related services that are open to all

As an open-architecture financial market infrastructure, we have created a global network and client franchise founded on partnerships across financial markets.

We support the efficiency and development of capital markets worldwide

As a leading partner for the global capital markets, we connect our traditional European core to the world’s financial markets, helping clients to benefit from the opportunities created by an interconnected global economy.

We provide relevant, robust products and services to meet clients evolving needs

We deliver efficient and low risk mechanisms for the acceptance, issuance and distribution of securities. We lead the way in automation and provide delivery-versus-payment (DVP) settlement. Our products cover a range of asset classes. For example, our funds offer includes fully automated funds order routing, settlement and asset servicing within local markets and across international borders.

The combination of our people’s expertise, corporate culture and our robust technology platforms enables our business model to deliver

We employ over 3,900 people across the globe who represent 89 nationalities, of which 50% are women. Renowned for our in-depth understanding of the operational intricacies associated with post-trade transaction processing, we have the global experience and knowledge to lend expertise to our stakeholders as we collectively respond to market change.

We generate sustainable financial performance that allows us to invest

We generate net fee income and interest income, predominantly through the provision of settlement and safekeeping services.

Our goal is to derive sustainable levels of profitability, return on equity and earnings per share from our income after investments in the costs to provide our products and services.

Stakeholders benefit from the investments that are enabled by our profitability, including those in new products and services, training and development opportunities, strong levels of regulatory capital and returns to our shareholders.

Senior Management and the Board regularly monitor the group’s performance through both operational metrics and against financial key performance indicators.

We nurture trusted relationships and long-term value for all our stakeholders

Clients: We enable clients to securely and efficiently undertake post-trade activities.

Shareholders: We aim to deliver robust returns and 
long-term sustainable value for our investors.

Employees: We strive to build engaged and effective teams, underpinned by strong values, to make Euroclear a great place for employees to grow their careers.

Regulators: We engage with governing bodies to support the effective functioning of the financial system and the broader economy.

Society: We serve the public good by ensuring the efficiency of markets, actively enabling risk reduction and by acting as a responsible corporate citizen.

Questions? Contact us at ir@euroclear.com