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Friday, October 05, 2012

What is the Euroclear INTERBANK SCREEN? Anyone know?

Hello TAP:


You are clearly TAPED-IN!

What do you know about the Euroclear INTERBANK SCREEN?

Please see attached sanitized email from a person who got access to the Interbank Screen.

We would appreciate your historical information about it.

What inter-govt agencies run it?


Sincerely,

David and Anthony


2 comments:

Anonymous said...

https://en.wikipedia.org/wiki/Euroclear

Euroclear is a user owned and governed Belgium based financial services company that specializes in the settlement of securities transactions as well as the safekeeping and asset servicing of these securities. It was founded in 1968 as part of J.P. Morgan & Co. to settle trades on the then developing eurobond market.

Euroclear settles domestic and international securities transactions, covering bonds, equities, derivatives and investment funds. Euroclear provides securities services to financial institutions located in more than 90 countries.

In addition to its role as an International Central Securities Depository (ICSD), Euroclear also acts as the Central Securities Depository (CSD) for Belgian, Dutch, Finnish, French, Irish, Swedish and UK securities. Euroclear also owns EMXCo, the UK's leading provider of investment-fund order routing, and Xtrakter, owner of the TRAX trading matching and reporting system.

Euroclear is the largest international central securities depository in the world.


http://www.coralislandgroup.com/Platform%20Trading-PPP

Euroclear

Certain Bank issued Instruments may be registered within Euroclear/DTCC, however these are normally registered within the Euroclear/DTCC Inter Bank Screen system - not the Euroclear or DTCC Securities system. The Screen based Inter Bank system is totally different to the Securities system.

These Instruments include Certificates of Deposit, Bank Guarantee etc. and even Cash Funds. They are normally issued “On Screen Only” – although there will also be various documents of title, held in safekeeping within the issuing institution.

Normal Instruments on the Euroclear Securities system are usually required to be committed by what is known as Free Delivery in accordance with the terms and conditions of the arrangements made for credit by the Investor and Trader. There are some alternatives to this.

Instruments within the Inter Bank Screen system are not usually dealt with on this basis but are normally required to be “blocked “on screen” in accordance with a set of special procedures that are not the same as those used inter bank for non screen based instruments.

In addition there are certain very specialized procedures required regarding some of these instruments and the assignment for credit that may cause problems before Traders are legally capable of accessing the screen, blocking the instruments for credit, creating credit, and trading.

Euroclear charges fees for its services, but these fees are not by themselves at all excessive. Bank Fees are normally higher.

Not all Traders like working with Euroclear Screen arrangements.

In particular there are significant difficulties with instruments within the Inter Bank Screen system primarily because of the technical issues that arise where in most cases the Beneficiary of the instrument very rarely created the instrument and usually rented or leased it from a master account holder and the procedures that are required to be carried out require the co-operation of all parties involved, including the master account holder, the beneficiary of the instrument and the bank and usually there are costs involved to be met and paid for, before the instrument is able to be used for credit purposes, assigned, committed and blocked for credit as well as administrative procedures. In addition there is the requirement for Traders to actually create third party credit on a different basis to other types of transactions.

Anonymous said...

A complete load of Gobledygook, if something can't be explained in a straight forward manner, then it needs to be treated with more than a degree of caution.

Anyone who needs to disguise what they mean in verbiage means they don't understand it themselves, or they are out to deceive, or both.
Regardless of the size of the Organisation, which doesn't mean a thing c.f. JP Morgan etc.

This is a Scam targeting the naive, who fancy their chances at investing. Once funds are paid in & transferred, they will disappear like "Peppers Ghost"

Limited knowledge in Finance, will leave you with Burnt Fingers. The Sharks will give you the Run Around,& you will end up wearing The Emperors Clothes. which you willingly bought from The Parasites Who call Themselves Banksters

Remember "BANK GUARANTEES AREN'T WORTH A WANK." They are not Securities, Are They?

Caveat Emptor

Closely Related to WASP.

Ref:-

Quantum ........ Wasp