DEFINITION of 'Euroclear'

One of two principal clearing houses for securities traded in the Euromarket. Euroclear specializes in verifying information supplied by two brokers in a securities transaction and the settlement of securities. Euroclear is market owned and governed, and has previously acquired London Crest, Necigef Netherlands, Sicovam Paris and CIK Brussels.


Euroclear is one the oldest settlement systems and was originally subsidized by Morgan Guaranty. Its computerized settlement and deposit system helps ensure the safe delivery and payment of Eurobonds.

The other principal clearing house is Clearstream, formerly the Centrale de Livraison de Valeurs Mobilières (CEDEL).

  1. Security

    A financial instrument that represents an ownership position ...
  2. Depository Trust Company - DTC

    One of the world's largest securities depositories, it holds ...
  3. Euromarket

    The market that includes all of the European Union member countries ...
  4. Eurobond

    A bond issued in a currency other than the currency of the country ...
  5. Clearing House

    An agency or separate corporation of a futures exchange responsible ...
  6. Maturity

    The period of time for which a financial instrument remains outstanding. ...
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