Euronext & Euroclear Partners for Enhanced Repo Clearing

Euronext partners with Euroclear to enhance repo clearing and collateral management, expanding its services across Europe with automated, efficient solutions.

Euronext has announced a collaboration with Euroclear to strengthen its collateral management services for repurchase agreements (repos) and other asset classes. So, the partnership is a key step in Euronext’s expansion of its Italian repo clearing operations across multiple European markets.

Furthermore, through this agreement, Euronext Clearing will integrate Euroclear as its first triparty agent, allowing clients access to automated and flexible collateral management solutions. By leveraging Euroclear’s infrastructure, Euronext aims to enhance operational efficiency, optimize margins, and improve client balance sheet management. Euroclear will be an independent third party, overseeing the selection, valuation, and substitution of collateral while also managing settlement, custody, and compliance processes.

Euronext & Euroclear Partners for Enhanced Repo Clearing

Euroclear’s extensive collateral management network processes significant daily volumes, and its support will enable Euronext Clearing to scale its services efficiently. Moreover, this initiative builds upon Euronext Clearing’s strong presence in the Italian market, handling many MTS repo transactions. With this expansion, Euronext lays the groundwork for extending its clearing services to a broader range of European government bonds.

The new repo clearing service will launch in June 2025, introducing an updated risk framework and onboarding new clients, including international banks. However, as part of Euronext’s broader Innovate for Growth 2027 strategy, this partnership underscores the company’s focus on developing innovative, market-leading post-trade solutions.

Anthony Attia, Global Head of Derivatives and Post-Trade at Euronext, emphasized the significance of the initiative:
“This marks a major step in expanding Euronext Clearing’s repo franchise across Europe. Working with Euroclear reinforces our commitment to delivering our clients’ best-in-class clearing and collateral management services.”

Marije Verhelst, Head of Product Strategy and Collateral Management at Euroclear, also highlighted the importance of collaboration:
“Strengthening partnerships between market players is essential for the growth and stability of European capital markets. Our neutral infrastructure helps clients optimize collateral allocation, reduce credit usage, and improve predictability in their operations.”

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