Euroclear Consolidates Settlement Platforms in Three EU Markets
Euroclear has launched its Settlement of Euronext-zone Securities (ESES) platform. The company says that this is the first time that market participants in three EU markets (Belgium, France and the Netherlands) can process all fixed-income, equity and other domestic securities transactions using the same platform. Clients no longer have to pay substantially more to settle cross-border transactions between counterparties in these three markets as they now function operationally as one. With ESES, cross-border transactions between counterparties in Belgium, France and the Netherlands are processed as domestic transactions.
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