Euroclear ranked first in value delivered to clients and settlement services by leading industry survey
Results reflect the Euroclear Group's role as a client-centric, open and resilient market infrastructure
Brussels, 14 October 2014 – Euroclear's position as the provider of choice for international capital market participants has been reaffirmed by results from the Global Custodian’s 2014 ‘Agent Banks in Major Markets’ survey.
Euroclear's core strengths as an open, resilient and agile industry-owned and -governed market infrastructure were recognised by international banks and broker dealers that comprise its primary client base, resulting in a three percent gain in ratings across all categories, notably in the asset servicing category.
The 2014 survey's results reflect Euroclear’s commitment to delivering solutions that meet the needs of its clients and the market thereby supporting macro-economic prosperity.
In the survey, Euroclear clients noted the group's key strengths, in particular the increased proximity of relationship management teams and the way in which Euroclear involved stakeholders before implementing solutions to address industry challenges such as Target2-Securities and high-grade securities collateral fragmentation.
Pierre Yves Goemans, Managing Director and head of Commercial commented "Our clients are at the heart of our business. The results of this survey reflect both the trust and satisfaction of our clients as we continue to develop and deliver solutions to address the challenges of the evolving capital markets landscape. We will continue to further enhance our client experience, thereby offering greater value to the market as a whole."
Note to editors
Euroclear is one of the world's largest providers of domestic and cross-border settlement and related services for bond, equity, ETF and other mutual fund transactions with offices in 15 countries across the globe and links to 46 international markets. Euroclear is a proven, resilient capital market infrastructure committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise which includes over 100 central banks and supranationals.
The Euroclear group includes Euroclear Bank, which is consistently rated AA+ by Fitch Ratings and AA by Standard & Poor's, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & Ireland. The group settles the equivalent of $782 trillion (€572 trillion) in securities transactions annually representing 170 million domestic and cross-border transactions. The group holds $1.1 trillion (€833 billion) in average daily collateral outstandings, and over $34.5 trillion (€25.2 trillion) in assets for clients.