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Europe Daily Bulletin No. 7685

27 March 2000
Contents Publication in full By article 36 / 39
ECONOMIC INTERPENETRATION / (eu) compensation

EUROCLEAR and SICOVAM, firms specialised in securities clearing, have announced their merger that will give rise to the largest clearing institution worldwide. After the move, SICOVAM will become a fully owned EUROCLEAR subsidiary in exchange for a 16.67% stake in the new group EUROCLEAR CLEARANCE SYSTEM PLC. The total value of the transactions dealt with annually by the two partners exceeds EUR 80,000 billion. A clearing company aims to ensure that a buyer receives securities and that a...

Contents

A LOOK BEHIND THE NEWS: I
A LOOK BEHIND THE NEWS: II
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
SUPPLEMENT