Question: Euroclear Print-out pages. How many are allowed?

[Tony Enriquez]

Dear Friends and fellow bloggers: I need your help.

I just concluded a telephone conversation with a trading team and one of the comments mentioned to me, caught me off guard.

It is my understanding that Euroclear Bank made changes to their system in later 2013 and as of today (November 13, 2014), the Euroclear Print-out consist of only 5 (five) pages. No longer 1 to 14 & page 21 (title of ownership).

Can any member of this blog, with actual experience tell me how many pages are allowed to be printed to demostrate ownership of a securities note?

The trading group told me the correct number of Euroclear pages allowed to be printed are: 26 !

They insisted that they were correct and I was wrong.

Any comments from experienced investors / traders will be appreciated.

Tony Enriquez
[e-mail]

[alanbond]

5 is basic, the rest needs advanced membership, most of the additional pages is compliance and tracing related, some is double but needs to be on file for the back office

[Tony Enriquez]

Nov 13, 2014 7:07:37 GMT 4 alanbond said:

5 is basic, the rest needs advanced membership, most of the additional pages is compliance and tracing related, some is double but needs to be on file for the back office

Top of the morning to you "alanbond"!

Thank you for sharing your comments with me.  Our dear and mutual friend, RL, said the same to me.

By any chance, do you know if the maximum amount of pages, allowed to be printed is: 16 or 26 or 28?  I am curious as to the maximum amount allowed to be printed under the elite membership.

Best wishes to one and all.

Tony

[fireopal]

our back office has 28, but 2 are actually clearing pages for payment and come from outside the Euroclear database but through them, the first 5 are for evaluation etc, they carry all the terms, but if done in USD due to FATCA we usually want to see everything to avoid any trouble

[Tony Enriquez]

Thank you "Fireopal" for your comments and contribution to this topic.

I am now more educated than a day before. Thank you.

Best wishes,

Tony