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Euroclear UK & Ireland 33 Cannon Street EC4M 5SB London http://www.euroclear.com
Contact Mr Bruno Douvry +33 1 55 34 56 94
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Euroclear UK & Ireland

Euroclear France secures local market liquidity with collateral

(PresseBox) (Paris, )
Euroclear France, the French central securities depository (CSD), is launching today its first triparty collateral management service for the French market. In cooperation with the Banque de France, the new service will collateralise exposures arising from domestic credit operations conducted by the French central bank. Now, for the first time, more than EUR 2 trillion of securities held in Euroclear France can be used for this purpose.

With the new Euroclear France service, all the collateral management tasks associated with these credit operations will occur in a fully automated manner. The CSD will also reduce the challenges of delivering and
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