The international Eurobond market is evolving – and so is the way the industry communicates and operates across it.
In this episode of Bonding beyond borders, Loïc Poncin, Product Developer in Euroclear’s Issuer Services team, explains how the Issuance & Processing Taxonomy (IPT) is helping modernise the international issuance model, jointly owned by Euroclear and Clearstream.
Loïc reflects on a long‑standing challenge in the Eurobond market: the lack of consistent terminology and conventions when describing reference data. From trade sizes and denominations to tranches, fungibility, outstanding amounts, dates and coupon details, differences in language and interpretation have made alignment across the ecosystem complex.
To address this, Euroclear and Clearstream have co‑developed the IPT – a technology‑agnostic, industry‑wide data standard designed to streamline communication across platforms and systems. The IPT supports multiple channels and aligns with the International Capital Market Association’s (ICMA’s) Bond Data Taxonomy, helping ensure consistency and compatibility across the capital markets ecosystem.
Loïc also shares what’s ahead. The taxonomy is also being expanded to cover predictable events defined in the Terms & Conditions, such as coupon payments and redemption types. Over time, the IPT will form the foundation for future Euroclear products, including APIs that enable seamless integration and automation across the market.
By bringing clarity and structure to Eurobond reference data, the IPT helps simplify interactions across the ecosystem – supporting transparency, efficiency and innovation as the market continues to evolve.
Watch the episode to see how standardisation is shaping a simpler, more efficient and future‑ready Eurobond market.
