As of trade date Monday 24 February 2014, EuroCCP will be offering a clearing service for US securities traded on the Turquoise platform, using Euroclear Bank as the place of settlement..
We would confirm that this service is available to all EuroCCP clients utilising a non-US settlement agent in Euroclear Bank. Bridge settlements between Euroclear and Clearstream are not allowed for this segment.
Any clients wishing to go live with this service on the launch date should ensure that the required documentation – Statement of Authority and SSI documentation – are completed and returned to EuroCCP no later than close of business 20th February.
As a result of this change, the following Regulations are available in the Documentation Regulations section:
- Regulation Buy-in procedures
- Regulation Fees and Penalties
- Regulation Settlements
Clearing Participants are requested to use the following settlement instructions:
- Rec/Del agent: DEUTNL2A
- Buyer/Seller: EMCFNL2A
- Beneficiary account: 15083
- Place of settlement: MGTCBEBE