Euroclear plc is the holding company which owns, directly or indirectly, the entire issued ordinary share capital of the Euroclear group of companies.
Euroclear SA/NV is the parent company of the international and national central securities depositories ((I)CSDs) of the group. It owns the group's shared securities processing platforms and delivers a range of services to the group's depositories.
The advantages of this structure are:
- high levels of market interoperability, linking domestic markets with the international market and vice versa
- integrated platforms and processes for seamless transitions between settlement, financing and collateral management services
- reduced systemic risk