What We Clear

EquityClear SA is LCH’s France-based clearing service for cash equities, cash equity equivalents (bonds and warrants) & listed derivatives.

Below, you can learn more about the products that we clear at EquityClear SA –  the benefits of joining our service for both Clearing Members and their clients.

Cash Equities at EquityClear SA

Regardless of the type of trading venue where you are executing your trades , you will be able to clear them with us. These platforms include:

  • Exchanges
  • Multilateral Trading Facilities (MTFs) 
Listed Derivatives at EquityClear SA

LCH SA provides clearing services for the continental business of Euronext Derivatives Markets for a broad range of futures and options contracts covering equities, indexes, commodities and currency derivatives.

By clearing through LCH clearing members benefit from reduced credit risk, enhanced capital efficiency and operational resilience from reliable and secure systems.

Government and Corporate Bonds

Clearing Members of EquityClear SA also have the ability to clear a wide variety of debt European securities at our central counterparty. 

Among the Euro-denominated fixed income contracts eligible for clearing at EquityClear are:

  • Corporate bonds
  • Government bonds
  • Covered bonds
EquityClear SA Trading Venues

EquityClear SA offers clearing services for cash equities, cash equities equivalents, derivatives as well as for government and corporate bonds.

You can find information on EquityClear eligible execution venues, and the products we clear on our service below:

Euronext

EquityClear SA provides clearing services to Euronext's Amsterdam, Brussels, Lisbon and Paris cash equities and derivatives markets. Euronext is the first pan-European exchange, spanning Belgium, France, the Netherlands, Portugal, Ireland, Italy, Norway and the UK. Euronext operates regulated and transparent equity and derivatives markets, offering market participants a comprehensive range of services to meet their needs.

The Euronext products that EquityClear SA currently clears for Paris, Amsterdam, Brussels and Lisbon are:

  • Stocks
  • Bonds
  • Financial and commodity derivatives (options and futures)
  • Warrants and certificates
  • Funds, UCITS, trackers and structured funds

 

For Euronext Oslo Børs we clear all financial derivatives (options and futures).

As of September 2021, EquityClear SA will also clear all ISINs traded on Euronext Dublin. Trading member can then opt for LCH SA as their preferred CCP for this venue.

 

Turquoise UK and EU

EquityClear SA is the exclusive CCP to provide clearing services for the Euronext Growth market stocks traded on Turquoise since October 2018. Furthermore, trading members can opt for LCH SA as their preferred CCP for all the other Euronext ISINs traded on Turquoise.

All trades in these ISINs will be netted with trades in the same ISINs done elsewhere, providing margin, settlement and other cost benefits for the members involved.

 

Luxemburg Stock Exchange (Bourse de Luxembourg)

EquityClear SA has provided clearing services for corporate bonds, government bonds and equities traded on the Bourse de Luxembourg since March 2008. All trades are settled in Euroclear Bank.

 

Equiduct

Equiduct Trading provides a MiFID compliant, integrated pan-European single point of connectivity for trading services through the Regulated Market operated by Börse Berlin. Acceptable products are single stock cash equities and equity equivalents, such as exchange traded funds (ETFs), exchange traded commodities (ETC) and real estate investment trusts (REITs).

 

Cboe UK and EU

EquityClear SA has been connected to Cboe UK as of October 2020 and will connect to Cboe EU in 2021. Trading members can opt for LCH SA as their preferred CCP for all the other Euronext ISINs traded on Cboe.

All trades in these ISINs will be netted with trades in the same ISINs done elsewhere, providing margin, settlement and other cost benefits for the members involved.

Our CSDs

Currently connected to:

  • Clearstream Banking Frankfurt (Germany)
  • Euroclear Bank
  • Euroclear Belgium
  • Euroclear France
  • Euroclear Netherlands
  • Interbolsa (Portugal)
  • National Bank of Belgium
  • VPS Oslo (Norway)            

 

Planned for Q2 2021:

  • CREST (UK)
  • Monte Titoli (Italy)