The European Central Bank (ECB) will become a participant in Eurex’s centrally cleared repo market in the first quarter of 2026.
Eurex revealed in a press release on Thursday that the ECB would diversify its securities lending infrastructure and transfer part of its monetary policy portfolio operations to centrally cleared repo transactions.
The Frankfurt-based exchange, part of Deutsche Börse Group, stated that the move highlights “the growing importance of centrally cleared repo for the stability and integrity of European financial markets.”
Imène Rahmouni-Rousseau, Director General Market Operations at the ECB, believes the shift supports “the smooth functioning and the resilience of euro area repo markets,” adding that central clearing “will diversify our securities lending channels for monetary policy portfolios and also contribute to broadening our existing market intelligence.”
The ECB becomes the sixth central bank to join Eurex’s repo ecosystem, which now includes more than 160 participants from 21 countries, ranging from banks and government agencies to pension funds and insurers.
Eurex reported that total outstanding volumes in its repo segments have grown about 50 percent since the end of 2024, underscoring the market’s depth and liquidity.
Executive Board member Matthias Graulich said the ECB’s participation was “a strong testament to the market’s trust in our resilient and efficient infrastructure,” as Eurex continues to expand links with central banks and public institutions across Europe.