Iberclear, part of BME and owned by SIX, plans to extend its existing settlement arrangement with LCH SA to cover Italian government bonds, according to an announcement from BME.
Under the current set-up, Iberclear settles Spanish, French and German government bond transactions cleared through LCH SA. The new phase will add Italian government bonds traded on major platforms and cleared by LCH SA. The service is expected to go live in 2026.
Central bank money settlement via T2S
Iberclear says transactions will continue to settle in T2S using central bank money. The firm states that this supports settlement safety and operational consistency.
The development builds on the existing cooperation between Iberclear and LCH SA, part of London Stock Exchange Group. Iberclear describes the extension as part of its broader approach to interoperability and client choice within European post-trade infrastructure.
