A resilient Eurobond market depends on a strong, well‑governed global network.
In this episode of Bonding beyond borders, Inge Decoster, Network Manager for Eurobonds at Euroclear, explains the role Network Management plays in supporting the global Eurobond market.
Inge describes how Euroclear establishes and maintains links with a worldwide network of common depositories – agent banks that provide safekeeping, issuance, asset servicing and reconciliation services for Eurobonds. She outlines how this international network enables Euroclear to operate efficiently across markets, jurisdictions and time zones, while remaining responsive to evolving market needs.
She also explains how the network is governed through a strict policy framework, including financial strength assessments, operational resilience checks and regulatory compliance. One distinctive aspect of this oversight is the vault inspection process, which ensures that physical global notes are securely held by common depositories.
Looking ahead, Inge discusses a major milestone for the Eurobond market: the transition from physical certificates to electronic issuance. From Q1 2026, Euroclear and Clearstream will support Eurobonds in electronic form, replacing physical safekeeping with electronic record‑keeping by the International Central Securities Depositories (ICSDs).
Her episode offers a clear view of how Network Management helps safeguard today’s Eurobond market – while preparing it for a more efficient, digital future.
