Euroclear expands its services with Eurex Clearing

Brussels/Frankfurt, 20 February 2024 – Euroclear Bank, the Brussels based International Central Securities Depository (ICSD) has announced today that it has become an eligible securities collateral location of Eurex Clearing AG, one of the leading Central CounterParties (CCPs) globally.

Clients of Euroclear Bank and Eurex Clearing will now be able to post collateral directly to Eurex Clearing with the ability to further optimise the pool of collateral held in Euroclear’s ICSD. The service offering increases operational efficiency for market participants and streamlines the collateral management process.

Eurex Clearing already uses Euroclear Bank as an eligible securities settlement location.

Olivier Grimonpont, Managing Director, Head of Product Management, Market Liquidity, Euroclear commented: “We are excited to have Eurex Clearing joining the group of CCPs using our services to support their critical margining activity. As an open financial market infrastructure we continuously strive to benefit our ecosystem by creating efficiencies which contribute to a more stable, secure financial marketplace, providing the best in class service to clients.”

Matthias Graulich, Chief Strategy Officer, Member of the Executive Board of Eurex Clearing said: “We are pleased to offer Euroclear Bank as an additional securities collateral location for provision of margin and default fund contributions. With this service we jointly create added value for our clients by facilitating a smooth access to the CCP and by enabling efficiencies across the clearing community. Furthermore, Euroclear Bank strengths our offering for the buy-side clients and complements our existing services such as ISA Direct and ISA Direct Indemnified clearing models.”

Euroclear group is the financial industry’s trusted provider of post trade services. Guided by its purpose, Euroclear innovates to bring safety, efficiency and connections to financial markets for sustainable economic growth. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives, and investment funds. As a proven, resilient capital market infrastructure, Euroclear is committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise. The Euroclear group comprises Euroclear Bank, the International CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden, Euroclear UK & International.