The Central Bank announces the establishment of a banking relationship with Euroclear Bank

by **claud39** Sun Aug 09, 2020 11:27 am

The Central Bank announces the establishment of a banking relationship with Euroclear Bank

09/08/2020

Economy News - Baghdad

The Central Bank of Iraq announced, on Sunday, that it has established a banking relationship with the Euroclear Bank Foundation, which specializes in preserving securities and their investments.

In a statement received by Al-Eqtisad News, the Central Bank said that it had completed " the procedures for establishing a banking relationship with Euroclear Bank, which is one of the internationally known institutions in the field of securities preservation and investment."

He added that it "manages central bank bonds estimated at $ 15 trillion."

In the statement, the Central Bank affirmed that "this achievement will contribute to strengthening the international relations of the Central Bank of Iraq and emulating international practices in the field of reserves management."

https://economy-news.net/content.php?id=21351

by **claud39** Sun Aug 09, 2020 11:32 am

Euroclear

The Baudouin Tower, Euroclear headquarters in Brussels

[th]Creation[/th][th]Founders[/th][th]Legal form[/th][th]Slogan[/th][th]The head office[/th][th]Activity[/th][th]Effective[/th][th]Website[/th]


1968 : Birth within JP Morgan & Co.
J.P. Morgan & Co.
Anonimous society
Post Trade made easy
Brussels Belgium
Clearing house , CSD
3,500
http://www.euroclear.com/ [archive]

Euroclear is an international depository and settlement / delivery company for bonds , stocks and investment funds , created in 1968 in Brussels . It is one of the two central depositories international titles ( International Central Securities Depository (ICSD) ), the other being Clearstream (formerly Cedel International ), based in Luxembourg . In France, it receives settlement / delivery instructions from the LCH.Clearnet clearing house .

Euroclear is the world's largest securities settlement / delivery system for domestic and international bond and equity transactions.

The Euroclear group is made up of Euroclear Bank [ archive ] , the international settlement / delivery center located in Brussels, and the national central depositories Euroclear France (formerly Sicovam ), Euroclear Nederland (formerly Negicef) and Euroclear UK & Ireland (formerly CRESTCo ). CIK Belgian central securities depository, joined the group on 1 ^st January 2006 under the name Euroclear Belgium.

The annual amount of securities transactions settled in Euroclear exceeds 300,000 billion euros (500,000 billion in 2007) and the value of assets held for its clients exceeds 13,000 billion euros. Euroclear Bank is rated AA + by Standard & Poor's and Fitch Ratings .

Do not confuse the CSD Euroclear and Euroclear Bank, the latter being the banking activity of the Euroclear SA / NV group

https://fr.wikipedia.org/wiki/Euroclear

by **claud39** Sun Aug 09, 2020 12:01 pm

The Central Bank establishes a banking relationship with Euroclear Bank

August 09, 2020

The Central Bank announces the establishment of a banking relationship with Euroclear Bank News-159696858580801

The Central Bank of Iraq announces that it has completed the procedures for establishing a banking relationship with ( Euroclear Bank ), which is one of the internationally known institutions in the field of securities preservation and investment, and manages bonds for central banks estimated at $ 15 trillion.

He confirms that this achievement will contribute to strengthening the international relations of the Central Bank of Iraq and simulating international practices in the field of reserves management.

The Central Bank of Iraq

information Office

9 August 2020

https://cbi.iq/news/view/1528