{"id":119931,"date":"2024-11-04T09:28:33","date_gmt":"2024-11-04T14:28:33","guid":{"rendered":"https:\/\/www.bloomberg.com\/professional\/insights\/press-announcement\/bloomberg-collaborates-with-euroclear-to-provide-isins-automatically-for-negotiable-european-commercial-paper\/"},"modified":"2025-06-27T10:28:35","modified_gmt":"2025-06-27T14:28:35","slug":"bloomberg-collaborates-with-euroclear-to-provide-isins-automatically-for-negotiable-european-commercial-paper","status":"publish","type":[3815],"link":"https:\/\/www.bloomberg.com\/professional\/insights\/press-announcement\/bloomberg-collaborates-with-euroclear-to-provide-isins-automatically-for-negotiable-european-commercial-paper\/","title":{"rendered":"Bloomberg Collaborates with Euroclear to Provide ISINs Automatically for Negotiable European Commercial Paper"},"content":{"rendered":"
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PRESS ANNOUNCEMENT<\/span><\/strong><\/p>\n\n<\/div>\n\n<\/div>

Bloomberg Collaborates with Euroclear to Provide ISINs Automatically for Negotiable European Commercial Paper<\/h1>\n<\/p>\n\n<\/div>\n \n<\/div>\n\n\n <\/div>\n <\/section>\n<\/div>\n\n
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November 4, 2024<\/p>\n<\/p>\n\n<\/div>\n

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Improves Front- to Back-Office Workflow and
\nMitigates Settlement Risk within Money Market Security Creation Process<\/em><\/h2>\n

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Bloomberg, in collaboration with Euroclear, announced today the Bloomberg Terminal will now automatically provide International Securities Identification Numbers (ISINs) for Negotiable European Commercial Paper (NEUCP). This feature will improve workflow efficiency from front- to back-office and mitigate settlement risk for users when they issue short-term debt on the NEUCP market<\/a>, which is overseen by the Banque de France. The integration is accessible via the European Money Markets Offerings {ECPX<GO>} and Security Description {DES<GO>} solutions on the Bloomberg Terminal.<\/p>\n

Isabelle Delorme, Head of Product Strategy and Innovation at Euroclear<\/strong>, said: \u201cCollaborating with Bloomberg allows us to strengthen the largest commercial paper market in the euro area through an open and same-day issuance framework. This contributes to a more efficient, standardized and streamlined issuance ecosystem, reducing market fragmentation and boosting liquidity. This step further cements Euroclear\u2019s position as a vital financial market infrastructure, connecting issuers and investors.\u201d<\/p>\n

Bloomberg\u2019s collaboration with Euroclear further simplifies primary and secondary NEUCP trading by offering dealers, issuers, issuing and paying agents (IPAs) and investors with real-time access to ISINs. Users can now streamline their workflow with ISINs that are available within minutes instead of hours or days, saving time and maintaining data quality by reducing errors associated with manual updates.<\/p>\n

Brad Foster, Global Head of Fixed Income Product at Bloomberg, said:<\/strong> \u201cOur joint efforts with Euroclear to provide ISINs for our clients represents a logical next step on the path toward increased automation and transparency across money markets. We are committed to developing additional strategic collaborations and expanding our coverage and quality in money markets as we look for new ways to unlock value for our clients in fixed income.\u201d<\/p>\n

Bloomberg\u2019s security reference data is integrated with Euroclear\u2019s metadata to enable ISIN sharing via Bloomberg\u2019s Swift connectivity<\/a>. The NEUCP ISIN service provides Bloomberg Terminal clients using the European Money Markets Offerings {ECPX<GO>} solution alongside Bloomberg TOMS<\/a> with a standardized, automated and more efficient ISIN retrieval workflow throughout the trading process.<\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n <\/div>\n <\/section>\n<\/div>\n\n

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