Euroclear Cash+® is an innovative solution designed to empower you (and your underlying clients) to optimise the financial value of your optional dividend payments without any additional burden. With this service, you can confidently navigate elective events and make decisions that align with your financial goals.
Euroclear Cash+
Unlock the full potential of your investments
Elective events offer issuers a unique opportunity to manage their balance sheets while providing shareholders with the flexibility of choice. A common elective event is the Dividend with Optional Payment (DVOP), in which security holders can choose to receive dividends in either cash or new company shares.
However, this flexibility is often underutilised. The complexity and resource demands, coupled with the high volume of events, lead many to default to the cash option. This default may not always be the best financial decision, as sub-optimal elections can result in millions of euros of missed value annually.
Our service simplifies this process, providing a clear path to making the most beneficial financial decisions. By analysing election patterns and market trends, Euroclear Cash+ identifies the most valuable option for you: cash or shares.
Euroclear Cash+ is a subscription-based service. Once subscribed, you will receive dedicated Cash+ notifications (type OTHR) in parallel to the standard optional dividends.
Euroclear Cash+ option
If you select this option, we will calculate at which price the new shares proceeds of the shares option would generate additional value compared to the cash option of the optional dividend. Our broker will attempt to sell the shares at this price and if successful, you will get the cash dividend amount and additional value. If not, you will get the cash dividend amount only.
- Integrated announcements: Euroclear Cash+ options are added directly into the Corporate Action stream.
- Win-win elections: Guaranteeing at least the same value as the standard cash option, plus potential extra gains.
- Hassle-free optimisation: We handle market sales and optimise your dividends up to the market deadline.
- Transparent payments: Receive the cash dividend amount plus any additional value captured, in two separate transactions.
