CEDEL


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CEDEL

A centralized clearing system for Eurobonds.
References in periodicals archive ?
38) Clearing systems around the globe include: Euroclear in New York (established in 1968, with 125 participants); Cedel (Centrale de Livriaison de Valuers Mobilieres) in Luxembourg (a rival established in 1971), see WALMSLEY, supra note 26, at 267-69; and Tokyo dollar clearing (run by Chase Manhattan's Tokyo Branch).
The major etymological sources, such as the CEDEL, EDME, OED, SCEDEL, SEDME and WO dictionaries inform us that the Mod.
the Depository Trust Company (DTC) in the United States; (2) through a local agent who is a member of the securities intermediary in the country of issue; (3) through a global custodian who employs a local agent as sub-custodian; (4) through a [securities intermediary] in the non-resident's own country who has established a link [to the securities intermediary] in the country of issue; or (5) through an international securities intermediary, such as Euroclear or CEDEL, that has established a direct or indirect link to the securities intermediary in the country of issue.
Deutsche Boerse, which manages the Frankfurt stock exchange has struck an agreement with Cedel on its acquisition of the remaining 50% of the settlement-compensation house Clearstream.
Moreover, the new securities are designed to appeal to international investors, as they can be electronically transferred through international clearing organizations such as Euroclear and Cedel as well as through the NBES system.
Companies Mentioned: - AFIPA - AFSSAPS - Alliance Healthcare - Alphega - Arvem - Call marketing - Cedel Pharma - Ceido - Celtipharm - Cerp Lorraine - Cerp Rhin Rhone Mediterranee - Cerp Rouen - CMC - Coop.
Cedel International, the Luxembourg-based cross-border clearing and settlement organisation, has signed the legal papers formalising its merger with Deutsche Bourse Clearing.
Actual settlement of securities transactions typically occurs over the books of a domestic securities depository, such as the Depository Trust Company or the Fedwire National Book-Entry System in the United States, or at one of the two major international securities depositories, Euroclear or Cedel.
Eastell R, Yergey AL, Vieira NE, Cedel SL, Kumar R, Riggs BL.
Cedel International, initially owned equally by Cedel and DBC, will be joined by French operators SBF and Sicovam once the merger is completed, expected by January 1, 2000.
Beginning with the settlement crisis in the Eurobond market, this book describes how Euroclear and later Cedel, its arch-rival, were founded to deal with the problem.
Luxembourg-based clearer, settler and custody house Cedel Bank and MTS SpA, the Italian electronic bond trading system, said direct settlement for selected bonds traded on MTS was now available through Cedel Bank.