Clearstream and LCH SA enhance access to Italian government bonds
27 January 2026 Italy
Image: Rinaldo/stock.adobe.com
Clearstream and LCH SA 鈥� the Paris-based EU-registered central counterparty (CCP) clearing house for the London Stock Exchange Group (LSEG) 鈥� have broadened their collaboration to enhance the settlement options for Italian government debt.
Clearing members of LCH SA will now be able to settle all Italian government debt instruments, including cash and repos, at Clearstream.
The initiative marks a notable step towards a more harmonised and integrated European capital market infrastructure.
By providing a new settlement venue choice, the collaboration empowers market participants with greater efficiency, reduced fragmentation, and streamlined access to one of Europe鈥檚 largest sovereign debt markets.
The new service allows LCH SA clearing members to consolidate their settlement activity within Clearstream鈥檚 robust, pan-European Central Securities Depository (CSD) solution, across Clearstream鈥檚 International Central Securities Depository (ICSD) and CSD accounts.
This addition further strengthens Clearstream鈥檚 Trade Flow Hub offering, which is connecting the largest trading venues and CCPs, in turn enhancing liquidity management, increasing operational efficiency, and providing a single, unified gateway to a number of European securities.
The move underscores both organisations鈥� commitment to fostering an open access and connected ecosystem for the benefit of their clients and the wider financial industry.
Michel Semaan, global head of RepoClear, LSEG, states: 鈥淎s a trusted partner in clearing Italian government debt, we are proud to be continuing our collaboration with Clearstream to drive greater efficiency and expand choice for our members 鈥� key pillars of a stronger, more competitive European capital market.鈥�
Dirk Loscher, head of Custody and Investor Solutions at Clearstream, adds: 鈥淏y broadening our Trade Flow Hub proposition for market participants to consolidate the settlement of their cleared and uncleared trade flows with our Pan-European CSD solution, we are not just enhancing service for our clients; we are actively contributing to the strength and harmonisation of European capital markets.
鈥淭his initiative furthers our goal of providing a seamless, one-stop solution for accessing European liquidity.鈥�
Clearing members of LCH SA will now be able to settle all Italian government debt instruments, including cash and repos, at Clearstream.
The initiative marks a notable step towards a more harmonised and integrated European capital market infrastructure.
By providing a new settlement venue choice, the collaboration empowers market participants with greater efficiency, reduced fragmentation, and streamlined access to one of Europe鈥檚 largest sovereign debt markets.
The new service allows LCH SA clearing members to consolidate their settlement activity within Clearstream鈥檚 robust, pan-European Central Securities Depository (CSD) solution, across Clearstream鈥檚 International Central Securities Depository (ICSD) and CSD accounts.
This addition further strengthens Clearstream鈥檚 Trade Flow Hub offering, which is connecting the largest trading venues and CCPs, in turn enhancing liquidity management, increasing operational efficiency, and providing a single, unified gateway to a number of European securities.
The move underscores both organisations鈥� commitment to fostering an open access and connected ecosystem for the benefit of their clients and the wider financial industry.
Michel Semaan, global head of RepoClear, LSEG, states: 鈥淎s a trusted partner in clearing Italian government debt, we are proud to be continuing our collaboration with Clearstream to drive greater efficiency and expand choice for our members 鈥� key pillars of a stronger, more competitive European capital market.鈥�
Dirk Loscher, head of Custody and Investor Solutions at Clearstream, adds: 鈥淏y broadening our Trade Flow Hub proposition for market participants to consolidate the settlement of their cleared and uncleared trade flows with our Pan-European CSD solution, we are not just enhancing service for our clients; we are actively contributing to the strength and harmonisation of European capital markets.
鈥淭his initiative furthers our goal of providing a seamless, one-stop solution for accessing European liquidity.鈥�
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