Brussels and Paris, 11 February 2025 – Euroclear, the financial industry's leading provider of post trade services and Euronext Clearing, a multi-asset clearing house, have announced to work together to improve collateral management and expand repo clearing services in Europe. For the first time, Euronext will utilise Euroclear's Collateral Highway®, the world's first neutral, global open architecture infrastructure for managing collateral.
This strategic initiative demonstrates Euroclear's ability to help unify capital markets and reduce trading fragmentation.
Euroclear will act as the triparty collateral agent managing the posting of collateral for Euronext Clearing members. Euroclear will handle the settlement of these trades, including all collateral management processes, such as selection, valuation and substitutions.
Euronext's onboarding, expected in June, allows the clearing house to integrate collateral pools onto the highway for its clients, leveraging Euroclear's extensive network of central banks, CCPs and thousands of market participants.
Marije Verhelst, Head of Product Strategy and Development Collateral Management and Securities Lending at Euroclear commented: "Strengthening collaboration between market players is crucial for growth and stability in European capital markets. Euroclear has a long-standing track record of providing collateral management solutions across Europe and beyond. This initiative highlights the vital role of our global infrastructure in helping our clients optimise their collateral allocation, reduce fails and credit usage and increase flexibility and predictability for dealers."
Anthony Attia, Global Head of Derivatives and Post-Trade of Euronext, said: "This partnership marks a significant milestone in Euronext’s 'Innovative for Growth 2027' strategy, reinforcing Euronext Clearing's role as a cornerstone of the group’s broader strategic ambitions. It demonstrates our commitment to delivering best-in-class clearing and collateral management solutions for our clients. It is a key milestone of the expansion across Europe of Euronext Clearing’s repo franchise. As we develop Euronext Clearing's services, we are creating value for stakeholders and positioning Euronext at the forefront of innovation in clearing and collateral management."
