Email Contact Phone Company Visit Website

Location Office

1 boulevard du Roi Albert II
Brussels
BE

Telephone

(+32 2) 326 2618

Contact

Denis Peters
[email protected]
Back to all Euroclear announcements

Euroclear Belgium’s Capitrack Level 2 attracts market support

Euroclear Belgium announces the second phase of its Capitrack service in its ongoing efforts to streamline the securities dematerialisation process in Belgium. Capitrack Level 2 is targeted at all Belgian securities issuers to ease compliance with the Belgian dematerialisation law.

Capitrack allows users to:

- Maintain and update shareholder registers (e.g. shareholder references, ownership transfers, corporate actions)

- Consult the shareholder register online at any time and receive, at a minimum, quarterly electronic reports

- Issue and print registered certificates.

Nine companies on the Bel 20, Bel Mid, Bel Small and Alternext are using Capitrack Level 2, including, amongst others, Cofinimmo, Delhaize, Bekaert, Fountain Industries and Business Solutions Builders.

Stéphane Bernard, Chief Executive Officer of Euroclear Belgium, said: “Euroclear Belgium offers a range of back-office services to the Belgian financial market generally, and to issuers specifically. Capitrack Level 2 is the latest example of how we meet challenging market needs, helping issuers to benefit from gains in operational efficiency and time. We are also further improving their investor relations tools and helping companies to attract additional individual investors.”

In 2007, Euroclear Belgium launched Capitrack Level 1, a tool designed specially for issuers that enables them to easily monitor the dematerialisation process of their issued securities.

The conversion to a new electronic registration process covering all Belgian bearer securities traded on a regulated market and held by investors will run to 2013.