Euroclear Cash+™
How it works
Euroclear Cash+™ maximises the cash available to the client, while guaranteeing they receive as a minimum the normal cash entitlement.
A SEAMLESS SOLUTION
Easy solution across the entire market, seamlessly integrated into the C/A flow
New optimal choice for every client on dividend with option events (DVOP)
Election guarantees to return the holders at least the same proceeds as the underlying cash election, PLUS extra value if it is available
Maximised returns enhancing governance and fiduciary obligations
Current process
Client Election
CASH
STOCK
SUB-OPTIMAL
OPTIMAL
€1.20
€1
✓
X
Received as STOCK
Received as CASH
50% of elections are not pro-active -> Default cash. In 85% of cases, SECU is the better option (2020 data).
Euroclear Cash+™ process
Client Election
EUROCLEAR CASH+™
€1.20
OPTIMAL
✓
Received as CASH
CASH
STOCK
€1
€1.20
Received as CASH
Received as STOCK
OPTIMAL
SUB-OPTIMAL
✓
X
Euroclear Cash+™ provides a new optimal choice for clients
Euroclear Cash+™ ensures that clients who want to receive Cash, benefit from the value embedded in the alternate election