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Samson: The Central Bank establishes a banking relationship with Euroclear Bank

9th August, 2020

The Central Bank of Iraq announces that it has completed the procedures for establishing a banking relationship with Euroclear Bank , which is one of the internationally known institutions in the field of securities preservation and investment, and manages bonds for central banks estimated at $ 15 trillion.

He confirms that this achievement will contribute to strengthening the international relations of the Central Bank of Iraq and simulating international practices in the field of reserves management.

The Central Bank of Iraq

information Office

9 August 2020   LINK

DELTA:  THANK U SAMSON FOR YOUR HARD WORK…….GREAT ARTICLE…. CBI START MOVING ….

Euroclear Bank

Euroclear Bank is the premier provider of settlement and related securities services for cross-border transactions involving domestic and international bonds, equities, derivatives and investment funds. We offer clients a single access point to post-trade services covering domestic securities from over 40 markets.

Euroclear Bank is also a single-purpose settlement bank, authorized to provide helpful banking services to facilitate on-time settlement.

Euroclear Bank is strictly risk averse. With AA+ and AA ratings by Fitch Ratings and Standard & Poor’s, respectively, Euroclear Bank ranks among the highest rated companies within the financial industry – for over a decade.

Meeting your international needs

Transaction settlement – we provide settlement services for transactions in bonds, equities and funds. These include over-the-counter as well as certain stock exchange transactions, free of payment or against payment in over 50 settlement currencies.

Asset servicing – our asset servicing covers all steps in the life cycle of a security, from the distribution of a new issue to timely and accurate custody-related services.

Collateral management – our global Collateral Highway helps you source and mobilize collateral domestically and across borders. Third-party securities lending services can supplement your portfolio returns.

Dedicated fund service – our Fund Settle International service supports both the buy and sell sides of fund distribution, providing automated order routing, settlement and asset servicing.

JamieO:  Well this all sounds totally useless……. OH… Unless somebody plans to be INTERNATIONAL in a very big way…. VERY SOON!