CEDEL


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CEDEL

A centralized clearing system for Eurobonds.
References in periodicals archive ?
A comprehensive etymological dictionary of the English language (CEDEL).
German company Boerse, which already holds 50% of Clearstream, has said that 83.2% of Cedel consortium shareholders have accepted their offer for the remaining 50% stake in Luxembourg's interest-damages bureau, Clearstream.
Creado en 1970 bajo el nombre de Cedel, Clearing permite a dos clientes --individuos, bancos o empresas-- intercambiar fondos y valores, a toda velocidad, en un clima de confianza absoluta y en el mundo entero.
(21.) Gonchoroff DG, Branum EL, Cedel SL, Riggs BL, O'Brien JF.
In addition, in December 1994, the CMU established links with Euroclear and Cedel, the two largest international securities clearing systems in the world.
Private DVP systems that follow this model include the Government Securities Clearing Corporation, the National Securities Clearing Corporation, the Depository Trust Company, and the Participants Trust Company in the United States, and Euroclear and Cedel Bank in Europe (Federal Reserve System, 1997).
The bonds are traded internationally and are cleanable through Eurodollar and CEDEL.
(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 company was established in 1970 (back then under the name Cedel) by 66 of the world's major financial institutions.