Clearstream and LCH have broadened their collaboration to offer clearing members expanded settlement options for Italian government debt.
The initiative will allow members to settle all Italian government instruments, including cash and repos, through Clearstream’s ICSD and CSD accounts.
The move is intended to streamline access to one of Europe’s largest sovereign debt markets, providing market participants with more choice, reduced fragmentation and greater operational efficiency.
It also allows LCH members to consolidate settlement activity within Clearstream’s pan-European CSD solution, strengthening the trade flow hub network that connects major trading venues and central counterparties.
Michel Semaan, global head of RepoClear, LSEG, said: “As a trusted partner in clearing Italian government debt, we are proud to be continuing our collaboration with Clearstream to drive greater efficiency and expand choice for our members – key pillars of a stronger, more competitive European capital market.”
The service is expected to go live during 2026 and extends the existing partnership between Clearstream and LCH, which currently covers French, Belgian, German, Austrian, and Spanish government securities.
By adding Italian debt, the two institutions further their shared objective of creating a more integrated and efficient European post-trade landscape.
Dirk Loscher, head of custody and investor solutions at Clearstream, said: “We are thrilled to expand our successful collaboration with LCH SA to include the Italian bond market. By broadening our trade flow hub proposition for market participants to consolidate the settlement of their cleared and uncleared trade flows with our pan-European CSD solution, we are not just enhancing service for our clients; we are actively contributing to the strength and harmonisation of European capital markets.
“This initiative furthers our goal of providing a seamless, one-stop solution for accessing European liquidity.”