Euroclear and LCH SA announce partnership enhancement
30 October 2025 Europe
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Euroclear has enhanced 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 repo at Euroclear Bank, the international central securities depository of Euroclear Group, with the service anticipated to be available in 2026.
According to the firm, this development marks a further step in deepening integration across Europe鈥檚 post-trade ecosystem, while enabling market participants to benefit from enhanced balance sheet netting and greater operational efficiency.
Michel Semaan, global head of RepoClear at LSEG, states: 鈥淲e are delighted to be working with Euroclear to bring even greater efficiencies and choice to our members, both key elements of a competitive European capital market.鈥�
By enabling settlement within Euroclear Bank, clients gain access to a broader, more efficient network for euro-denominated securities.
This model is designed to reduce fragmentation, enhance collateral mobility, and reinforce the principles of open infrastructure and client choice.
Additionally, settling directly through Euroclear Bank will enable the movement of Italian government debt onto Euroclear鈥檚 Collateral Highway for securities financing and funding opportunities.
S茅bastien Danloy, chief business officer at Euroclear group, comments: 鈥淕iven that Italian government debt represents a major segment of the European fixed income market, this represents an important milestone in our vision of advancing the Savings and Investments Union.
鈥淭his is centred around greater choice, open access models, and the continued development of a resilient, interconnected European capital market.鈥�
This will include cash and repo at Euroclear Bank, the international central securities depository of Euroclear Group, with the service anticipated to be available in 2026.
According to the firm, this development marks a further step in deepening integration across Europe鈥檚 post-trade ecosystem, while enabling market participants to benefit from enhanced balance sheet netting and greater operational efficiency.
Michel Semaan, global head of RepoClear at LSEG, states: 鈥淲e are delighted to be working with Euroclear to bring even greater efficiencies and choice to our members, both key elements of a competitive European capital market.鈥�
By enabling settlement within Euroclear Bank, clients gain access to a broader, more efficient network for euro-denominated securities.
This model is designed to reduce fragmentation, enhance collateral mobility, and reinforce the principles of open infrastructure and client choice.
Additionally, settling directly through Euroclear Bank will enable the movement of Italian government debt onto Euroclear鈥檚 Collateral Highway for securities financing and funding opportunities.
S茅bastien Danloy, chief business officer at Euroclear group, comments: 鈥淕iven that Italian government debt represents a major segment of the European fixed income market, this represents an important milestone in our vision of advancing the Savings and Investments Union.
鈥淭his is centred around greater choice, open access models, and the continued development of a resilient, interconnected European capital market.鈥�
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