Euroclear

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Definition of 'Euroclear'

Euroclear is a Belgian-based financial services company that provides settlement and custody services for the securities industry. It is the world's largest securities settlement system, processing over $1 trillion in transactions each day. Euroclear was founded in 1968 by a group of European banks and financial institutions. The company's headquarters are located in Brussels, Belgium, and it has offices in 15 other countries.

Euroclear offers a wide range of services to its clients, including:

* Securities settlement: Euroclear settles securities transactions on behalf of its clients, ensuring that the buyer and seller of a security are each paid the correct amount and that the security is transferred to the correct owner.
* Custody: Euroclear holds securities on behalf of its clients, safeguarding them against loss or theft.
* Clearing: Euroclear clears securities transactions, which means that it confirms the details of a transaction and ensures that the buyer and seller are each able to meet their obligations.
* Data management: Euroclear provides data management services to its clients, helping them to track their securities holdings and manage their portfolios.

Euroclear is a critical part of the global securities industry. Its services help to ensure that securities transactions are processed smoothly and efficiently, and that investors' assets are safe and secure.

In addition to its core settlement and custody services, Euroclear also offers a number of other services to its clients, including:

* Securities lending: Euroclear facilitates the lending and borrowing of securities between investors.
* Derivatives clearing: Euroclear clears derivatives transactions, which are contracts that derive their value from the price of an underlying asset, such as a stock or a commodity.
* Fund administration: Euroclear provides fund administration services to investment funds, helping them to manage their assets and meet their regulatory obligations.

Euroclear is a global leader in the securities settlement and custody industry. Its services are used by a wide range of clients, including banks, investment funds, and asset managers. Euroclear is committed to providing its clients with the highest level of service and security, and it is constantly innovating to meet the changing needs of the market.

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