Public Debt Market Glossary

Public Debt Market Glossary

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Iberclear 
A company set up by the SCLV (Spanish Settlement and Clearance Service) and the Banco de España that, after the approval of the Law on Reform Measures of the Financial System, unifies the management of the securities register, clearing and settlement systems on a national level. Before said Law, the SCLV was in charge of the register, clearing and settlement of the AIAF Bond Market and the stock markets, while the Banco de España managed the Public Debt Market Book-Entry System (CADE) on behalf of the Treasury.