external transactions

On foreign/non-group CSD securities when the counterparty is settling the transaction outside the Single Platform (i.e. the counterparty is a member of a non-group (I)CSD.- In view of the Euroclear Bank services on multi-deposited securities, external settlement may also be possible on group securities when the counterparty is a member of a non-group CSD.)

Euroclear glossary. 2008.

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