Euroclear, the Brussels-based international depository, will offer real-time settlement as of the settlement date of June 29, officials said last week.

By Friday, June 26 at 10 p.m. (Brussels time), participants must designate whether they want their instructions to be processed on a real- time basis over the weekend of June 27. Real-time settlement would initially replace Euroclear's daytime processing cycle, with the nighttime cycle remaining in batch mode until the year 2000.

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