The Eurosystem is evaluating opportunities to provide efficient settlement services for securities transactions in central bank money, leading to the processing of both securities and cash settlements on a single platform through common procedures. The Governing Council of the European Central Bank decided to further explore in cooperation with central securities depositories and other market participants, the setting up of a new service for securities settlement in the euro area.
The objective of this project is to allow the harmonised settlement of securities transactions in euro which are settled in central bank money.
A final decision on this project is expected by early 2007.
Press release
© ECB - European Central Bank
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