After the overwhelming satisfaction expressed by the users of the service, it was an obvious opportunity for Eurogiro to agree with the EUR Settlement Service Provider - ESSP - to continue the cooperation for another three year term. The current service will run until 2011 with similar attractive conditions as offered today. The single point of settlement of one of the most important currencies in Eurogiro has provided most of the Eurogiro customers with significant cost efficiencies especially in cash management. Not least the postal organisations in Eurogiro are benefiting from a settlement set-up that is unprecedented in the postal environment, and reduces the risks of settlement and eases the administrative burdens.