ARTICLE · 10 JUNE 1997

EMU Stock Exchanges - Overall Switch To Euro From January 1999

Amsterdam Exchanges NV

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At the conclusion of the 1997 annual meeting, chaired by Snr Antonio Zoido of Madrid, the committee of the European Federation of Stock Exchanges announced its views on the impact on capital market practises of the transition to the Euro and makes recommendations aimed primarily at those markets that expect their currency to join the Euro in the first wave.

Amsterdam Exchanges in its capacity as host City of the European Council in June has hosted this working party with fellow exchanges to consider these topics and their relevance to all European capital markets.

The Federation of European Stock Exchanges has been seriously considering the implications of the Euro for the exchanges and settlement systems since the autumn of 1995. This week it publishes its report 'Transition to the ELTRO', detailing the views of the Stock Exchanges of the countries which expect to be in the first wave of joining the EMU.

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