IT – Euronext Clearing, the Euronext's Central Counterparty

24/04/2023

After the acquisition of the Borsa Italiana Group by Euronext in 2021, which included the multi-asset-class clearing house Cassa di Compensazione e Garanzia, Euronext created an European clearing house. As a result, CC&G will now be called Euronext Clearing.

In 2023, Euronext begins a new phase in its “Growth for Impact 2024” business strategy. Euronext Clearing should deliver one clearing house (CCP) for all Euronext’s cash equity, financial and commodity derivatives across Europe. This new pan-European CCP will play a key role in Euronext’s work to serve as the backbone of the Capital Markets Union in Europe.

The first major milestone for Euronext clients will be the migration of cash equity transactions to Euronext Clearing, which is expected to be completed in Q4 2023.

Should the clearing member decide to not go through Euronext Clearing then he will have to designate LCH Sa as its preferred CCP. Euronext does not intend to be interoperable with other CCPs so far. The migration of derivatives is foreseen in 2024 thus creating a temporary period where a part of the cash equity will remain at LCH Sa.