Settlement

Settlement efficiency is key, as trades that fail to settle on time require costly monitoring and can give rise to significant operational risks if there are associated corporate actions.

ESES Markets

Belgium, France and the Netherlands

Highly compatible with the Euronext Single Order Book for stock exchange trades, the Euroclear Settlement of Euronext Securities (ESES) Central Securities Depositories (CSDs) combine Euroclear Belgium, Euroclear France & Euroclear Nederland on the same custody and settlement platform. The ESES CSDs cover all domestic securities in France, Belgium and the Netherlands and also service foreign securities listed on Euronext markets.

Clearing members have the option to settle their on-exchange trades against LCH S.A. on a Delivery-versus-Payment basis via the settlement platform of their choice. This can be Euroclear Bank or one of the three Euroclear domestic CSDs, namely:

  • Euroclear France or Euroclear Bank for clearing members active on Euronext Paris;

  • Euroclear Nederland or Euroclear Bank for clearing members active on Euronext Amsterdam;

  • Euroclear Belgium or Euroclear Bank for clearing members active on equities admitted to listing and trading on Euronext Brussels;

  • The National Bank of Belgium or Euroclear Bank for clearing members active on Euro-traded fixed income instruments admitted to listing and trading on Euronext Brussels.

For more information about the settlement process, please visit: 

Euroclear

Euronext leverages Euroclear Bank settlement solutions for all non-Euro denominated trades executed on our different venues.

Note: for International ETFs, whatever the Market of Reference and the currency (including the euro), the CSD is Euroclear Bank.

Euronext members have access to efficient, safe and robust settlement solutions tailored to meet their needs, in partnership with Euroclear Group, the National Bank of Belgium, EuroCCP and Interbolsa (a fully owned subsidiary of Euronext). Settlement efficiency is key, as trades that fail to settle on time require costly monitoring and can give rise to significant operational risks if there are associated corporate actions.

Ireland

CREST, operated by Euroclear UK & Ireland, is the settlement system for Irish equities. CREST is one of the world's largest and most technically advanced settlement systems. 

Clearing operations for Irish securities traded on Euronext Dublin are entrusted to European Central Counterparty N.V. (EuroCCP) as the single Central Counterparty Clearing Solution. 

EuroCCP maximises the operational and commercial benefits for trading and clearing participants, as all trades cleared by EuroCCP are fully netted into one net settlement per ISIN per day.

Euroclear Bank and Euronext Dublin are pleased to provide the attached update on the current status of the migration of Irish corporate securities from Euroclear UK & Ireland to Euroclear Bank as the issuer CSD – due to be completed by March 2021.

Download

  • PDF

Irish corporate securities migration update - Euroclear

English Versie

English 04/09/2019 Irish corporate securities migration update - Euroclear /sites/default/files/2019-09/Irish%20corporate%20securities%20migration%20update%20-%20Euroclear.pdf

Portugal

For stock exchange transactions on Portuguese securities cleared by LCH S.A., or for over-the-counter (OTC) transactions on Portuguese securities, Interbolsa, a subsidiary of Euronext, is the natural CSD of choice.

For more information about the settlement process, please visit: 

Interbolsa

Euronext Block and Euronext London

Settlement of trades made on our dark pool, Euronext Block, takes place in the relevant Central Securities Depository (CSD) for the underlying primary market of the financial instrument being traded.

ETF trades made via our UK-based listing and trading venue, Euronext London, are settled by Euroclear UK & Ireland for securities in GBP/GBX/EUR/USD (CREST settlement system), and Euroclear Bank for all other currencies and international ETFs.