EUROCLEAR ADDS ISRAELI AND ROMANIAN SECURITIES TO COVERAGE

Posted October 13, 2008

BRUSSELS – Euroclear Bank has extended its market coverage to include transaction settlement, custody and tax services for Israeli debt, equities and warrants, and for Romanian government debt securities, making these securities eligible for its securities lending and borrowing program, and tri-party collateral management services.

“We are increasing our market coverage while further improving the quality of services for our clients worldwide,” says Olivier Grimonpont, Director and Head of Product Management for Fixed Income Securities and Collateral Services at Euroclear. “The link with the Romanian CSD [central securities depository] is the sixth we have put in place in Central and Eastern Europe. The link with the Israeli CSD reinforces our presence in the Middle East where we already process trades from the Dubai International Financial Exchange. In line with client demand, we will continue to open new links with a regional approach.”

Over the past two years, Euroclear Bank has broadened its securities coverage and has linked with five Central and Eastern European CSDs in the Czech Republic, Hungary, Poland, Slovakia and Slovenia. Euroclear Bank is also working on a range of service enhancements to increase efficiency for clients trading and investing in securities from these countries. Euroclear Bank provides settlement and related securities services for cross-border transactions involving domestic and international bonds, equities, derivatives and investment funds, serving major financial institutions in more than 80 countries.