Eurogiro Single point of Settlemen also for USD
Deutsche Bank has been selected as the coming provider of USD settlement services for the Eurogiro community, after a selection process within the Eurogiro community. Deutsche Bank is already providing similar services for some Eurogiro members and has demonstrated a strong presence in all regions of interest as well as a strong commitment to provide state of the art services to Eurogiro members.
The settlement service for USD is shaped on the concept of the EUR settlement service, which is enjoying much respect among Eurogiro members. Thus Eurogiro members live on ESSP will find that operationally and technically the new USSP will require only little additional adjustment.
The service will be on offer from 1 October 2006, and will be provided by Deutsche Bank for one year of probation and will eventually be prolonged for additional four years if the service proves satisfactory.