EuroClear actively contributes to the consolidation and harmonization of European financial markets. SYNTRON supports clients when evaluating which is the CCI (Common Communication Interface) solution best suited to them and integrates all components into the corresponding financial network.

Alongside the ‘Markets in Financial Instruments Directive (MiFID)’ which came into force on  November 1, 2007 in the 30 member states of the European Economic Area (EAA) and the SEPA (Single Euro Payment Area), which came into effect on January 28, 2008 (see also SYNTRON SEPA factsheet) and which in addition to the members of the EAA also encompasses Switzerland, the EuroClear Platform consolidation process (Single Settlement Engine and Common Communication Interface) will make an important contribution in reducing Giovannini Barriers in the securities environment. Together with MiFID and SEPA, the reduction of Giovannini Barriers constitutes the framework for a harmonized European financial market.