Amsterdam Update - Spring 96 - The Netherlands - ASE Introduces Trade-for-Trade

Faster, cheaper, safer settlement of large-scale transactions is being introduced at the Amsterdam Exchanges NV. The Trade-For-Trade facility (TFT) has been made possible through the creation of Necicom, an ultra modern communications infrastructure between those dealing in the market and the central settlement organisation Necigef. TFT is especially designed for major foreign securities houses who want to become remote members.

TFT allows dealers to settle transactions traded on the Stock Exchange and over the counter where the delivery of the securities is linked to payment. It has been developed for wholesale transactions in particular. For example, transactions on the Amsterdam Treasury Bond Market (ATM), but also via TSA, can be sent direct to Necigef in the form of settlement instructions.