BNY has entered into a collaboration with Euronext to provide triparty collateral management services for Euronext Clearing, supporting the continued expansion of its pan-European repo clearing business.
Camille Beudin
Under the arrangement, BNY will act as triparty agent, allowing Euronext Clearing members to manage collateral more efficiently across cleared activity, including margin and default fund contributions.
The collaboration uses BNY’s collateral infrastructure and liquidity capabilities, with the bank’s platform supporting the selection, valuation and substitution of collateral while ensuring compliance with eligibility requirements.
Gesa Johannsen, executive platform owner for global collateral platform, BNY, said: “As the collateral industry increasingly adopts clearing solutions, we are excited to collaborate with Euronext Clearing, bringing our global expertise in designing capital-efficient, integrated repo clearing and collateral solutions to the European market.
“By connecting Euronext Clearing into BNY’s $7.8 trillion global collateral platform, clients benefit from access to deep liquidity and can seamlessly optimise collateral across cleared and uncleared obligations on a single, integrated platform.”
Clients will gain access to automated collateral management tools designed to improve operational efficiency, optimise balance sheet usage and enhance liquidity management.
The integration also enables participants to manage both cleared and uncleared exposures through a single platform, providing greater transparency and consistency across collateral activities.
Camille Beudin, chief diversification officer, Euronext, said: “By enhancing our triparty collateral capabilities, we are enabling clients to manage collateral more efficiently, optimise capital usage and access deeper liquidity pools. This is central to our strategy to build a more integrated, resilient and competitive European market infrastructure.”
The initiative supports Euronext’s “Innovate for Growth 2027” strategy, which aims to strengthen its post-trade capabilities and expand its collateral management ecosystem.