Euronext and Clearstream have unveiled a new partnership aimed at advancing the continued development of Euronext Clearing’s collateral management services across repo, as well as other asset classes.
Anthony Attia
The move is a step closer to Euronext’s goal of creating a unified, pan-European clearing model for its repo clearing franchise.
Anthony Attia, global head of derivatives and post-trade at Euronext, said: “This collaboration with Clearstream marks an important step in the execution of our ‘Innovate for Growth 2027’ strategy, reinforcing Euronext Clearing’s ability to deliver cutting-edge collateral and clearing solutions.
“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.”
Specifically, Clearstream is set to serve as a triparty agent (TPA) for Euronext Clearing, with clients benefitting from automated, flexible and operationally streamlined solutions aimed at enhancing margin and balance sheet optimisation.
Clearstream will handle the collateral selection, valuation and substitution, acting as an independent third party, to ensure compliance with eligibility criteria, as well as managing settlement and custody services, handling regulatory reporting, and supporting liquidity and risk management objectives.
Clearstream is also set to support Euronext Clearing with AI-based collateral schedule creation and liquidity optimisation data insights, according to the firms.
The enhanced service offering is expected to go live in November 2025.
“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,” said Sam Riley, chief executive of Clearstream Securities Services.
“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.”