Euroclear Bank receives CSDR licence

Brussels – 05 December 2019 – Euroclear Bank, the Brussels-based international central securities depository (ICSD), today announces that it has obtained its Central Securities Depositories Regulation (CSDR) licence from its respective market regulator. Euroclear Bank is the sixth entity in the Euroclear group to receive its licence, and the first ICSD to do so.

The primary objective of CSDR is to increase the safety of European securities settlement, setting the highest standards to ensure the security of assets. CSDR strives to increase securities settlement efficiencies, such as harmonising the settlement cycle, and provides a set of common requirements for European CSDs.

Valerie Urbain, CEO of Euroclear Bank commented: “We are delighted to have received our CSDR licence. This has been a significant undertaking and a lot of hard work has gone into this achievement. Receiving this licence is testament to our continuous investments in making Euroclear Bank a safe, secure and efficient infrastructure for our clients and the financial market ecosystem as a whole.”

Euroclear group is the financial industry’s trusted provider of post trade services. At the core, the group provides settlement and custody of domestic and cross- border securities for bonds, equities and derivatives to investment funds. Euroclear is a proven, resilient capital market infrastructure committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise.

The Euroclear group includes Euroclear Bank - which is 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 Euroclear group settled the equivalent of EUR 791 trillion in securities transactions in 2018, representing 230 million domestic and cross- border transactions and held an average of EUR 28.8 trillion in assets for clients.