Cedel wins SEC exemption to clear T-bills

Cedel wins SEC exemption to clear T-bills

Luxembourg-based Cedel Bank has obtained US Securities and Exchange Commission (SEC) approval to clear and settle US treasuries and other US government securities, and to use these securities in the new Global Credit Support Service as collateral. The order exempting Cedel Bank from registration mea...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:International financial law review 1997-05, Vol.16 (5), p.25
Hauptverfasser: Tyson-Quah, Kathleen, Weinberger, Seth
Format: Magazinearticle
Sprache:eng
Schlagworte:
Alliances
Annual reports
Banking industry
Banking law
Clearance & settlement
Collateral
Compliance
Corporate debt
Exemptions
Government bonds
International
International markets
Investment advisors
Liberalization
Registration
SEC regulations
Settlements & damages
Stockholders
Treasuries
Treasury bonds
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:Luxembourg-based Cedel Bank has obtained US Securities and Exchange Commission (SEC) approval to clear and settle US treasuries and other US government securities, and to use these securities in the new Global Credit Support Service as collateral. The order exempting Cedel Bank from registration means that US government bonds will finally be integrated into the international clearing system with other major government bonds and Eurobonds.
ISSN:0262-6969