Euroclear Belgium has launched Capitrack, a service offered to securities issuers that are obliged to adapt to the new Belgian securities dematerialisation law aimed at removing physical securities from the Belgian capital market.
Capitrack allows issuers to easily monitor the dematerialisation process of their issued securities and gives them a complete view of the proportion of these securities in various forms (bearer, dematerialised and nominative).
“Before the end of 2007, about 200 exchange-listed companies in Belgium will need to adapt to the new securities issue standards imposed by law,” said Rudi De Pauw, head of projects and business development at Euroclear Belgium. “Capitrack offers an efficient and secure solution in compliance with the new dematerialisation regime, building on our expertise in the domain of securities custody.”