SEB first Nordic clearing house on Eurex

SEB first Nordic clearing house on Eurex Eurex, the world-leading electronic derivatives exchange, has upgraded SEB to a full clearing member making it the only Nordic institution able to trade directly on the bourse. This means SEB can act on the behalf of other financial institutions that want to trade on Eurex. "As a full clearing member we will be able to offer our customers a better and more complete service. We can offer our clients global clearing - that means one single central account and confirmation for all their business", says Ulla Nilsson, Head of SEB Futures. SEB is a financial group focused on e-banking, savings and growth companies. SEB is one of the largest financial groups in Scandinavia, with SEK 942 billion in funds under management and total assets of SEK 1 108 billion (30 September 2000). The Group has approximately 20,000 employees and is represented in some 20 countries around the world. SEB has today approximately 630 retail and private banking branches, mainly in Sweden, Germany and the Baltic region and 850,000 e-banking customers in seven countries. SEB started recently e-banking in England, an online brokerage service, SEBdirect, in Germany and will start e-banking in Norway this year. Read more about SEB: www.seb.net and www.mb.seb.se. For further information, please contact: Ulla Nilsson, Head of SEB Futures, +44 207 248 09 76 Annika Bolin, Global Head of SEB Merchant Banking, + 46 8 506 232 82 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/02/16/20010216BIT00500/bit0002.doc http://www.bit.se/bitonline/2001/02/16/20010216BIT00500/bit0002.pdf