Euronext and Clearstream announced a new partnership to advance the continued development of Euronext Clearing’s collateral management services across repo and other asset classes in response to requirements of European and international market participants. The go-live of this enhanced service offering is scheduled for November 2025.
As part of this initiative, Clearstream will serve as a triparty agent (TPA) for Euronext Clearing, facilitating advanced collateral management capabilities. Clients will benefit from automated, flexible and operationally streamlined solutions that enhance margin and balance sheet optimization.
Clearstream will act as an independent third party, handling the collateral selection, valuation and substitution to ensure compliance with eligibility criteria while minimising operational complexities. In addition, Clearstream will manage settlement and custody services, provide robust regulatory reporting, and support liquidity and risk management objectives.
The agreement supports the upcoming launch of the initial phase of Euronext Clearing’s Repo Expansion Initiative, the Repo Foundation, scheduled for June 2025 — opening access to international participants and introducing broader product capabilities. Over the past three years, Euronext Clearing has transformed from a national central counterparty into the third-largest European clearing house, integrating operations across multiple countries, markets, and asset classes.
Clearstream has consecutively enhanced its collateral management, lending and liquidity services, connecting with central counterparties (CCPs), exchange providers, and other central securities depositories (CSDs) to maximize much-needed liquidity at global markets. Its innovative data and digital collateral solutions complete the joint offering, supporting Euronext Clearing with artificial intelligence-based collateral schedule creation and liquidity optimization data insights.
Anthony Attia, global head of Derivatives and Post-Trade at Euronext, said in a statement: “As we prepare to launch the Repo Foundation in June 2025, this alliance supports the broader expansion of our repo clearing services across Europe. By working with Clearstream, we are scaling our infrastructure, enhancing collateral mobility, and building a more resilient, client-focused clearing ecosystem.”
Sam Riley, CEO at Clearstream Securities Services, said in a statement: “As financial markets become more unpredictable, demanding greater speed and efficiency, we stay committed to empowering our clients with reliable and scalable state-of-the-art solutions…This collaboration reflects our commitment to building a stronger and more accessible European capital market that is well-equipped to navigate the complexities of the financial landscape of today and tomorrow.”