Securities trading - France

30.05.2016

Key market-tradable securities

Denomination currencyMaturity
profile
Interest
rate
Interest/Dividend
payment frequency
Place of settlementForm
Bons des Institutions Financières Spécialisés (BIFSs)
EURat least
2 years
Fixed, Floating or
At Discount
VariableEuroclear FranceDematerialised/
bearer
Bons à Moyen Terme Négociable (BMTNs)
EURat least
1 year
Fixed, Floating or
At Discount
VariableEuroclear FranceDematerialised/
bearer
Treasury notes (BTANs)
EUR2-5 yearsFixedAnnualEuroclear FranceDematerialised/
bearer
Treasury bills (BTFs)
EUR13, 26 or
52 weeks
At Discount-Euroclear FranceDematerialised/
bearer
Bank Certificates of Deposit (CDs)
EUR10 days to
7 years
Fixed (if maturity less than 1 year) or FloatingVariableEuroclear FranceDematerialised/
bearer
Commercial Paper
EUR10 days to
7 years
Fixed rate or Negotiable-Euroclear FranceDematerialised/
bearer
Corporate bonds
EURVariableFixed or FloatingVariableEuroclear FranceDematerialised/
bearer
Obligations Assimilables du Trésor (OATs - French government debt)
EUR7 to 30 yearsFixed or FloatingQuaterly or
Annual
Euroclear FranceDematerialised/
bearer
Parts de Fond Commun de Créance (PFCCs)
EURVariableFixed or FloatingVariableEuroclear FranceDematerialised/
bearer
Semi-government bonds
EURVariableFixed or FloatingVariableEuroclear FranceDematerialised/
bearer
Equities
EUR---Euroclear FrancePhysical/bearer
or registered
Warrants
EUR---Euroclear FranceDematerialised/
bearer

Trading platforms

Nouveau Système de Cotation (NSC) is the Euronext electronic trading platform where all Euronext securities are quoted. LCH SA is the  Central Counterparty (CCP) used for netting and clearing Euronext transactions.