EuroCCP Points to Clearing Ramifications of Fortis Woes

October 2008
Securities Industry News;10/6/2008, Vol. 20 Issue 35, p1
Trade Publication
The article reports that London, England-based Euro Central Counterparty Ltd. has expressed its wilingness to take over the business serviced by Fortis' European Multilateral Clearing Facility (EMCF) should financial difficulties create problems for its member firms. EuroCCP's statement was not an attempt to capitalize on the misfortunes of Fortis but rather a response to save EMCF customers from the risks of frozen collaterals. The effects and implications surrounding the issue are discussed.


Related Articles

  • EMCF and EuroCCP to merge as Amsterdam-based entity. Bakie, John // Ai Trade News;2013, p62 

    The article reports on the plans of clearing houses European Multilateral Clearing Facility (EMCF) and European Central Counterparty Ltd. (EuroCCP) to merge as a pan-European cash equities clearing house. It mentions that the merger is planned to take effect in March 2013, which will combine the...

  • ICE acquires majority stake in Dutch clearing house. Watkins, Jon // Ai Trade News;2014, p1 

    The article reports on the acquisition of majority stock in the Holland Clearing House (HCH) by Intercontinental Exchange (ICE), which has increased presence of ICE in Europe. It mentions that HCH has given the primary clearing house European central counterparty (CCP) for alternative trading...

  • EuroCCP to Clear LSE Trades. Safane, Jake // Global Custodian News;2014, p134 

    European Central Counterparty (EuroCCP) will start to now clear trades executed on the London Stock Exchange (LSE), once legal, connectivity and operational arrangements have been finalized between the relevant parties and regulatory approvals have been received.

  • NYSE Euronext MTF To Offer Clearing Choice. KENTOURIS, CHRIS // Securities Industry News;10/20/2008, Vol. 20 Issue 36, p6 

    The article reports that Depository Trust & Clearing Corp. subsidiary EuroCCP will provide clearing services when NYSE Euronext launches its multilateral trading facility (MTF) in November 2008. It is noted that LCH.Cleamet, SIX x-clear and Fortis' European Multilateral Clearing Facility (EMCF)...

  • EuroCCP launches cross-platform MTF netting. Bakie, John // Ai Trade News;2013, p35 

    The article reports on the cross-platform netting services on British and Irish stocks on multilateral trading facilities (MTFs) launched by clearing house European Central Counterparty Ltd. (EuroCCP). The service enables trades to be netted into a single settlement obligation for all MTFs with...

  • EMCF and EuroCCP merger gets UK approval.  // Ai Trade News;2013, p83 

    The article offers clearinghouses-related news briefs as of October 1, 2013. A regulatory approval was given to clearinghouses European Multilateral Clearing Facility NV (EMCF) and European Central Counterparty Ltd. (EuroCCP) to combine into a new pan-European cash equities clearing house....

  • NASDAQ OMX Combines Transaction Business Into New Global Group. Safane, Jake // Global Custodian News;2014, p109 

    NASDAQ OMX has combined its transactions, clearing and settlement services in the U.S. and Europe into a newly formed group, Global Market Services.

  • ACH Volume Ranking Flawed: It Ignores On-Us Transactions. Archer, Nina // American Banker;4/20/2000, Vol. 165 Issue 77, p7 

    Cites flaws in the ranking of ACH transactions in the United States as reported in a survey by `The American Banker' periodical. Financial services industry's experience with consolidation; Underrepresentation of the true volumes of ACH transactions; Inaccurate representation of the industry's...

  • In Breif: Clearing House Arm In 3-Group Merger . Wade, Will // American Banker;2/4/2003, Vol. 168 Issue 23, p18 

    Reports on the formation of National Check Exchange (NCE) by a check-clearing branch of Clearing House along with other counterparts based in New York. Check clearinghouses which formed the NCE; Plans of NCE for business expansion; Objectives of NCE.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics