Euroclear today announced a significant enhancement of its partnership with LCH SA, which will enable clearing members to settle all Italian government debt traded on MTS and BrokerTec and cleared through LCH SA. This will include cash and repos at Euroclear Bank, the International Central Securities Depository of the Euroclear group.
The service is expected to be available in 2026.
This development marks a further step in deepening integration in Europe’s post-trade ecosystem and will enable market participants to benefit from enhanced balance sheet netting and greater operational efficiency. By enabling settlement within Euroclear Bank, clients gain access to a wider, more efficient network for euro securities. This model reduces fragmentation, enhances collateral mobility, and reinforces the principles of open infrastructure and customer choice.
In addition, direct settlement through Euroclear Bank will enable the mobilization of Italian sovereign debt on Euroclear’s Collateral Highway for securities financing and financing opportunities.
Michel Semaan, Global Head of RepoClear, LSEG, said:
“As a leading provider of clearing services for Italian public debt, we are pleased to work with Euroclear to offer even greater efficiency and choice to our members, both key elements of a competitive European capital market.”
Sebastien Danloy, Chief Business Officer of the Euroclear group, commented:
“We are extremely proud to bring this expanded solution to the market together with LCH. Given that Italian government debt represents a significant part of the European fixed income market, this is an important milestone in our vision to advance the Savings and Investments Union. This is focused on greater choice, open access models and the continued development of a resilient, interconnected European capital market.”