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BoE welcomes revised Euroclear service
05 July 2011
Change to Delivery-by-Value service will reduce stress on bank balance sheets and result in lower fees
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Bank of England
Euroclear
DBV
The Bank of England has endorsed Euroclear UK &Ireland’s (EUI) revised collateral management service. The service now allows market participants to manage all of their collateral needs and movement against term repos for their duration.
Euroclear, a central securities depository (CSD), announced this morning a development to its...
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