Euroclear Belgium

The Caisse Interprofessionnelle de Dépôts et de Virements de Titres / Interprofessionele Effectendeposito- en Girokas ({{lit|all-industries securities deposits and transfers institution}}), abbreviated as CIK, was initiated in 1967, and formally created by Belgian Royal Decree of {{date|1968-4-1}}.{{cite book |author=Peter Norman |title=Plumbers and Visionaries: Securities Settlement and Europe's Financial Market |date=2007 |publisher=John Wiley & Sons |location=London}}{{rp|279}} In 1999, CIK merged with the Brussels Stock Exchange and the Belgium Futures and Options Exchange (BELFOX, est. 1991) to form Brussels Exchanges, abbreviated as BXS.{{cite web |url=https://www.euronext.com/en/markets/brussels |access-date={{date|2025-2-14}} |title=Euronext Belgium}}

In 2000, BXS merged with its Dutch and French counterparts to form Euronext.{{cite web |date={{date|2000-11-1}} |website=IFLR |url=https://www.iflr.com/article/2a63p5u939fl4k6zu1vk0/euronext-leads-the-way-for-european-exchange-mergers |title=Euronext leads the way for European exchange merger}}

In December 2004, Euroclear announce it would acquire CIK from Euronext, following its takeovers of Sicovam (France) in 2001, and Necigef (Netherlands) and CRESTCo (UK) in 2002.{{cite web |website=Investment & Pensions Europe |date=December 2004 |url=https://www.ipe.com/euroclear-finalises-cik-takeover/17360.article |title=Euroclear finalises CIK takeover |author=Danielle Rossingh}} The acquisition was only completed on {{date|2006-1-1}},{{R|Norman|p=288}} following which CIK adopted Euroclear Belgium as its commercial name.

In January 2009, the Euroclear-owned CSDs in Belgium and the Netherlands migrated to a technical platform known as the Euroclear Settlement of Euronext-zone Securities (ESES), which had been launched in November 2007 in France.{{cite web |website=European Central Bank |url=https://www.ecb.europa.eu/stats/payment_statistics/securities/shared/pdf/SSS_Compilation_Notes.pdf |title=Securities trading, clearing and settlement statistics: Compilation notes |date=June 2023}}{{rp|4}} Since then, ESES has been operated by Euroclear as a single platform, even though the relevant contracts and legal arrangements remain differentiated for the three countries.

In 2016, Euroclear Belgium connected to TARGET2-Securities (T2S), the Eurosystem's securities settlement service. On that occasion, Euroclear France was appointed investor CSD within ESES. As part of that process, on {{date|2016-3-18}}, all eligible foreign securities from Euroclear Nederland and Euroclear Belgium were transferred to Euroclear France as the CSD of reference.{{cite web |website=Clearstream |url=https://www.clearstream.com/clearstream-en/securities-services/settlement/a16032-1305764 |date={{date|2016-2-23}} |title=ESES Markets: Transfer of foreign T2S eligible securities from Euroclear Nederland and Euroclear Belgium to Euroclear France - Update II}} In September 2016, the connection of the three ESES CSDs was successfully completed.{{cite web |website=Finextra |date={{date|2016-9-13}} |url=https://www.finextra.com/pressarticle/66028/euroclear-successfully-converts-to-t2s |title=Euroclear successfully converts to T2S}}

• Euroclear France
• Euroclear Nederland
• European Central Securities Depositories Association

{{reflist}}

• [https://www.euroclear.com/services/en/provider-homepage/euroclear-belgium.html Official website]

Category:Central securities depositories of Europe

{{finance-stub}}