Iberclear and LCH SA enhance collaboration
17 February 2026 Italy
Image: Dibyendu/stock.adobe.com
Iberclear, BME鈥檚 (SIX) central securities depository, has expanded its collaboration with LCH SA to enable the settlement of Italian government bond transactions.
This initiative builds on the existing agreement between both entities, under which Iberclear already facilitates the settlement of Spanish, French, and German government bond transactions cleared through LCH SA.
With this new extension, clearing members will be able to settle in Iberclear transactions in Italian government bonds traded on the main trading platforms and cleared by LCH SA.
The new service is expected to go live during 2026.
Francisco B茅jar, head of custody at SIX, and managing director of Iberclear, states: 鈥淭his development represents a significant milestone towards greater operational efficiency and reduced fragmentation across the European post-trade landscape.
鈥淚t will also help foster enhanced collateral mobility and more effective liquidity management for market participants.鈥�
Michel Semaan, global head of RepoClear at the London Stock Exchange Group, adds: 鈥淲e are pleased to partner with Iberclear to further enhance efficiency and expand choice for our members, strengthening the competitiveness of the European capital markets.鈥�
As a key value-add, Iberclear enables the ability to settle in T2S using central bank money, thereby strengthening the safety, efficiency, and robustness of the settlement process, the firms say.
This initiative builds on the existing agreement between both entities, under which Iberclear already facilitates the settlement of Spanish, French, and German government bond transactions cleared through LCH SA.
With this new extension, clearing members will be able to settle in Iberclear transactions in Italian government bonds traded on the main trading platforms and cleared by LCH SA.
The new service is expected to go live during 2026.
Francisco B茅jar, head of custody at SIX, and managing director of Iberclear, states: 鈥淭his development represents a significant milestone towards greater operational efficiency and reduced fragmentation across the European post-trade landscape.
鈥淚t will also help foster enhanced collateral mobility and more effective liquidity management for market participants.鈥�
Michel Semaan, global head of RepoClear at the London Stock Exchange Group, adds: 鈥淲e are pleased to partner with Iberclear to further enhance efficiency and expand choice for our members, strengthening the competitiveness of the European capital markets.鈥�
As a key value-add, Iberclear enables the ability to settle in T2S using central bank money, thereby strengthening the safety, efficiency, and robustness of the settlement process, the firms say.
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