Euro Impact on Gold, USD ... Message Board

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Gold/Mining/Energy : Euro Impact on Gold, USD ...

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To: banco$ who wrote (72)	11/18/1998 11:18:00 PM
From: banco$	of 289

Another problem for the financial industry is "EUR" as the euro currency designation, replacing various domestic currencies and causing confusion with an existing clearance and settlement system known as Euroclear. There is definitely the potential to misdirect trading with respect to Euroclear. What if some of the annual $35 trillion (USD) in Euroclear transactions, designated for that settlement system or location, is sent to domestic markets instead? How about domestic transactions with "EUR" currency designations being mistaken for Euroclear? euroclear.com "The Euroclear System is the world's largest clearance and settlement system for internationally traded securities. Sophisticated securities industry professionals, such as broker/dealers, commercial and central banks, investment managers, custodians, and supranationals -- from more than 80 countries -- settle their trades through the Euroclear System." (euroclear.com) Thanks to GPM post #23108 for the Euroclear reminder.

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