An international book-entry settlement and depository system based in Luxembourg, which is merging with Deutsche Borse Cedel and Euroclear are connected by an "Electronic Bridge" for processing purposes; a transnational depository
Name of an international clearing system established in 1970 in Luxembourg for the settlement of securities transactions, especially Eurobond operations (CEDEL S A ) Another international clearing house performing similar functions is Euroclear
Abbreviation for Centrale de Livraison de Valeurs Mobilières S A 1970, an institution founded by leading banks and financial institutions in Luxembourg for the safekeeping, administration and handling of bond issues and shares, particularly those which are traded internationally
Centrale de Livraison de Baleurs Mobilieres; a clearing system for Euro-currency and international bonds Cedel is located in Luxembourg and is jointly owned by a large number of European banks