Clearstream appointed as tri-party agent to Euronext Clearing customers

• Euronext Clearing has invited Clearstream to act as a tri-party collateral management agent for users of its repo clearing services

• As tri-party agent, Clearstream will custody, select, value, settle and substitute the collateral counterparties post to Euronext Clearing

• Euronext Clearing has embarked on a two-year plan to expand the scope and scale of its repo clearing services

Clearstream will become a tri-party agent for users of Euronext Clearing, the central counterparty clearing house owned by Euronext.

Users of the service will rely on Clearstream to custody, select, value, settle and substitute the collateral they post to Euronext Clearing. The service is scheduled 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,” says Sam Riley, CEO at Clearstream Securities Services. “We are delighted to partner with Euronext Clearing to deliver innovative collateral management solutions that enhance market efficiency and support sustainable growth. 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.”

For Euronext, the new partnership is part of a broader strategy to expand its repo clearing franchise, by working with Clearstream and Euroclear to develop a pan-European service.

Over the past three years, Euronext Clearing has transformed a purely national CCP into the third-largest clearing house in Europe by integrating operations across multiple countries, markets, and asset classes where it is active.

Its “Repo Foundation” initiative, scheduled for launch in July 2025, in the first phase of a two-part expansion of Euronext’s repo clearing services that aims to capture business in all major sovereign and supranational debt markets.

“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,” explains Anthony Attia, Global Head of Derivatives and Post-Trade at Euronext. “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.