Euroclear and LCH SA are preparing to extend their long-standing partnership with a new link that will allow clearing members to settle Italian government debt, both cash and repo, traded on MTS and BrokerTec and cleared through LCH SA, directly in Euroclear Bank. The service is expected to go live in 2026, states Euroclear in a press release.
The initiative adds another connection point between Europe’s clearing and settlement layers. Allowing settlement of Italian government bonds within Euroclear Bank could simplify post-trade flows, improve netting possibilities and streamline liquidity management for market participants active in euro-denominated securities according to Euroclear.
Collateral mobility
The link will also make it possible to mobilise Italian government securities through Euroclear’s Collateral Highway, extending their use in financing and collateral operations. Both firms frame the move as a way to reduce fragmentation in Europe’s post-trade infrastructure and expand client choice.
Executives from both sides described the initiative as part of ongoing efforts to build a more integrated European capital market.
Collateral Mobility. The link will also make it possible to mobilise Italian government secirutiews through Euroclear’s Collateral Highway, extending their use in financing and collateral operations. Both firms frame the move as a way to reduce fragmentation in Europe’s Post-trade infrastructure and expand client choice
