The CREST system

Description

Euroclear UK & Ireland is the Central Securities Depository (CSD) of the United Kingdom, Ireland, Jersey, Guernsey and the Isle of Man. Our CREST system provides advanced, Straight-Through Processing (STP) settlement and related services for a wide range of corporate and government securities. Brokers, international banks, custodians and investment houses connect directly to the CREST system. These institutions provide access for other retail investors (including private individuals) and companies that wish to hold and settle securities electronically, but do not wish to maintain a direct connection. Effi cient and low-risk settlement Wherever fi nancial institutions strike a trade in a security, a key moment is when the payment and the asset are exchanged. We settle these transactions by arranging the change of ownership and the transfer of securities and cash on behalf of each side. The CREST system’s advanced features enable you to take advantage of: • real-time settlement (on trade date if required), allowing you to monitor and manage your transactions in real time throughout the day • Delivery Versus Payment (DVP model 1) in GBP and EUR central bank money, ensuring the simultaneous transfer of securities to the buyer and payment to the seller. This eliminates the risk of paying a counterparty and not receiving the asset being bought