Clearstream is a pan-European clearing and settlement facility for eurobonds and other financial securities, based in Luxembourg. It plays a crucial role in the European financial market infrastructure.
Euroclear is a pan-European provider of clearing, settlement, and related services for bond, equity, and investment-fund transactions. Based in Brussels, it was set up in 1968 by the US bank J. P. Morgan.
A currency deposited in a bank outside its country of issue, providing a cheap and convenient form of liquidity for international trade and investment.
A financial market that facilitates the international trade of currencies outside of domestic regulatory jurisdictions, alongside being seen as the converged market of the European Union for goods.
A variable-rate security is a financial instrument where the interest rate is not fixed but fluctuates in response to changes in market rates.
