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