No one with Full Euroclear access will assist you. They would need full written consent from the owner before they would even bother to attempt. That is why all these scammers just give you an ISIN number. You can get these from any Bloomberg screen, make it look you have a real transaction and then skin you for fees and once paid will vow to put the client direct, Then would you believe, there will be no client, no response and your money will no longer be around to be reclaimed.
Simple solution is ask you bank to verify your letter.
as a matter of fact, can you identify the name of the supplier to this board and perhaps then to save you a lot of face and money you might, just might, get straight responses as to you possibility.
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Why can't the owner of the stock provide you the info you are seeking?
Have the owner scan a copy of his cert if his block is in certificate form. Have the Transfer Agent verify the certificate number....
I can show you a EUROCLEAR print out of a bogus $990 Million EURO SBLC. I can list a parking ticket on EUROCLEAR if I wanted to. Go directly to the actual instrument/stock if you can.
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I used to think EUROCLEAR was safe until I received a bogus SBLC lodged on EUROCLEAR. I'm guessing there are probably more instances of other bogus instruments too.
I have seen a EUROCLEAR listing for stock of a company that had long been nailed by the SEC. The "company" had a drop box "office", no actual operations other than selling stock, and the insiders were all previously nailed for pump and dump schemes, yet there was a listing on EUROCLEAR for a block of stock.
I bet there have been hundreds of bogus listings on EUROCLEAR.
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some of you have ideas which do not consider the realities, let me say something:
Euroclear like SWIFT is a communication tool which is used to enhance security and speed of transactions in regards of securities.
It allows all securities which are either held by members or are on deposit in depositary institutions.
So as long as something is in a depositary it can be on Euroclear.
As far a parking ticket is concerned any member can issue a depositary receipt for anything, cusip it etc and voila its available.
Just because something is on Euroclear does not give it a value.
Value is bestowed by the market. It is established in either a buy sell modus or by accepting it as collateral.
The information about an instrument on euroclear depends on the issuer, the depositary and the sponsor as well as the involved members and parties.
Euroclear is good tool but far from perfect, you should however not put a value on the medium of information and settlement instructions but on he obligation certified in the instrument.
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Late Friday I had a representative of Euroclear (NY office) call me to discuss the truth and the lies about Euroclear's systems. A very educational call that lasted almost an hour.
1) Euroclear does not have to list a security, they deny issuers all the time and can do so for many reasons. #1 customer complaint is the slowness in Euroclear accepting an instrument (they are very careful).
2) Euroclear is not meant to verify an instrument (Bloomberg does that), they are used primarily for settlement.
3) If you enter an ISIN into their portal and it comes back unavailable, it could still be a valid instrument. An issuer has an option to keep all info on a particular security blocked from public eye. Also an issuer can limit the amount of data a user could see.
4) Sorry to be the bearer of bad news on this one, but BG's have never and will never be available on Euroclear. Too much fraud.
5) Screen shots, not a valid term. Euroclear does not have "screen shots". What occurs is someone will copy Eoroclears symbol onto a document and call it a "screen shot", completely bogus.
6) Almost impossible to settle a fraudulent security on Euroclear. They do a considerable amount of due diligence before an instrument can get issued on their system.
7) The most common (topic) call to Euroclear, calls about BG's and MTN's. The agent for Euroclear stated they spend more time talking to people about BG's and MTN's than any other topic.
I encourage anyone not believing what I have mentioned above to call Euroclear themselves. I started off in the Belgium office before I was bounced around, until the NY office called. The agent seemed very friendly, patient, descriptive in his answers, free to talk about any subject, was not rushing to exit the call. Very good call!
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Good to hear someone goes to the source by himself. However what you learned are the basics, the advanced version allows you to put a BG on Euroclear but not straight but through a Depositary Receipt.Euroclear due diligence is good but they rely on their members due diligence mostly as a first line of defense, as always if UBS ants a listing on Euroclear it is going to be there, if a small member plays around its more difficult for them. ah and by the way verification is an essential function of settlement, its just not available as a single step.
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