Banco Popular Espanol S.A – Update – Full settlement

Following the newsflash dated 7 June 2017, EuroCCP is pleased to advise Clearing Participants that all settlement activity in Banco Popular Español S.A – ISIN code ES0113790226 – up to and including ISD 8 June 2017, has now settled.

As a consequence, EuroCCP has no outstanding settlement activity and would like to thank its Clearing Participants for their cooperation and assistance in the timely resolution of this issue, which has prevented the need for cash settlement.

Throughout this process, EuroCCP has been in regular discussion with LCH Ltd and BME Clearing, together with their regulators to ensure a coordinated approach was followed.