Euroclear and/or Clearstream Clause Samples

The 'Euroclear and/or Clearstream' clause defines the use of international central securities depositories, specifically Euroclear and Clearstream, for the settlement and custody of securities involved in a transaction. This clause typically outlines that securities will be delivered, held, and transferred through these systems, which are widely used for cross-border transactions and facilitate efficient settlement between parties in different jurisdictions. By specifying these depositories, the clause ensures standardized, secure, and reliable handling of securities, reducing settlement risk and streamlining the process for all parties involved.