The foreign currency settlement project will enable NYSE Euronext to offer non-Euro settlement via Euroclear Bank for securities in currencies other than the Euro on Euronext Brussels and Euronext Paris, in addition to the service currently in place for the settlement in non-Euro currency in Euronext Amsterdam. Using the new service, non-Euro trades made on NYSE Euronext European Cash Markets will be cleared and settled in the same currency without any conversion mechanism (as was previously foreseen).
This service is being put in place in anticipation of an increase in trading volumes for non-Euro listed securities, and offers significant new business opportunities, particularly for international listings on the Euronext markets.
For Paris and Brussels, US$ settlement will be available initially, with additional currencies to follow later in the year. Please note that a separate project has been initiated for the Portuguese market, where NYSE Euronext will launch the listing of government bonds in foreign currency, while settlement in foreign currency will be routed to Interbolsa
