Euronext Securities is now offering a new settlement model that allows equities and euro-denominated ETPs traded on Euronext Amsterdam, Brussels and Paris to settle within its single European CSD network alongside Athens, Copenhagen, Milan, Oslo and Porto.

For the first time, trading members across these markets have a genuine choice of where their trades settle, and issuers have a credible new option for where their securities are issued, recorded and maintained.

Euronext commented:

“The European Offering is not a new national infrastructure. It is a European CSD model, enabling clients to consolidate settlement activity across multiple markets within a single infrastructure and simplify their post-trade operating model.

For trading members, that means shorter custody chains and a more streamlined approach to cross-border activity.

For issuers, it means better access to directly connected financial intermediaries and a single point of contact covering the full chain from listing through to settlement.

Together, choice and consolidation make this structurally different from anything that has existed before in European post-trade.”

Appointing Euronext Securities as issuer CSD remains entirely the issuer’s own decision in line with the CSD Regulatory open access framework.

For those who choose Euronext Securities, the model offers broad market connectivity, no additional layer in the chain and, as part of Euronext’s multiple listing venues, straight-through processing from listing through to settlement.

Settlement is fully interoperable with other CSDs via the European Central Bank’s TARGET2-Securities platform, at the cost of a domestic transaction.

The move requires minimal issuer effort. Euronext Securities manages the process end-to-end with the issuing and paying agent, with no impact on shareholders, shareholder rights, or existing capital market programmes.

And issuance services are provided free of charge, with no migration fee, no onboarding fee and no ongoing issuance or safekeeping fees.

From today, Euronext Securities will work to extend the model beyond its initial scope, adding features and functionalities over time as part of a broader ambition to build a truly pan-European partnership.

The goal, ultimately, is to make cross-border investment in Europe feel as straightforward as investing in a domestic market and to give European issuers the access to capital that comes with it.