Euroclear is an international settlement and custody bank that provides clearing, settlement, and custody services for securities transactions. Euroclear is a cooperative owned by its members, which include banks, brokers, and other financial institutions. Euroclear is headquartered in Brussels, Belgium, and has offices in 19 countries.
In securitisation, Euroclear plays a role in the settlement of trades. Euroclear holds the securities that are issued in a securitisation and it settles the payments between the buyers and sellers of the securities. Euroclear also provides custody services for the securities, which means that it holds the securities on behalf of the investors.
Euroclear is a critical part of the securitisation process. It provides a safe and efficient way to settle trades and it helps to ensure that the securities are held in safe custody. Euroclear's services help to reduce the risk of fraud and they help to make securitisation a more attractive investment for investors.