Euroclear Bank provides settlement and related securities services for cross-border transactions involving domestic and international bonds, equities, derivatives and investment funds. Euroclear Bank offers its clients a single access point to post-trade services covering domestic securities from over 40 markets.
Euroclear Bank is the 11th largest bank in Belgium in terms of total assets. In 2017 its total assets were 19 412,51 mln EUR, providing the bank with the market share of 1.72%.
Euroclear Bank is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is AA+ (very high credit quality).
Euroclear Bank participates in deposit guarantee scheme of Belgium. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Euroclear Bank is headquartered in Bruxelles.
|Total Assets (2017)|
|19 412.51 mln EUR (-3.55%)|
In 2017 total assets of Euroclear Bank were 19 412.51 mln EUR. Decline compared to the previous period (2016) was -3.55%. The evolution of the total assets of Euroclear Bank is shown at Chart 1 below.
Chart 1. Total Assets of Euroclear Bank.
Recent changes in total assets of Euroclear Bank and its main components are shown in Table 1.
|Cash and deposits with Central Banks||0.0||0.1|
|Loans to banks||13 982.9||11 660.6||-16.61%|
|Loans to customers||6 548.3||3 349.4||-48.85%|
|Total Assets||20 127.6||19 412.5||-3.55%|
|Table 1. Recent changes in total assets of Euroclear Bank (mln EUR).|
Recent changes in total liabilities of Euroclear Bank and its main components are shown in Table 2.
|Bank deposits||13 896.6||13 788.2||-0.78%|
|Customer deposits||3 623.2||4 415.6||+21.87%|
|Total Liabilities||20 127.6||19 412.5||-3.55%|
|Table 2. Recent changes in total liabilities of Euroclear Bank (mln EUR).|
|AA+ (very high credit quality)||- (not rated)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Euroclear Bank is rated by Fitch.
Credit ratings assigned to Euroclear Bank as of May 2018 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Euroclear Bank it is set to AA+ (very high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Euroclear Bank is set to F1+ (highest short-term credit quality).
|Long-Term Issuer Default Rating||AA+|
|Short-Term Issuer Default Rating||F1+|
|Support Rating Floor||A-|
Viability rating for Euroclear Bank is set to aa+ (very high fundamental credit quality); support rating is 1 (extremely high probability of external support); support rating floor is A- (high credit quality).
|Yes (up to 100 000 EUR per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Belgium are obliged to participate in Belgian deposit guarantee scheme.
In the case of Euroclear Bank failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||natural persons, legal entities|
|Covered Accounts||time deposit, sight and savings accounts|
|Covered Currencies||EEA currencies|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of Euroclear Bank and its components are shown in the table below.
|Bank BIC Code||MGTC|
|Country Code||BE (Belgium)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of Euroclear Bank is shown in the table below.