Derivatives Clearing Services

Intesa Sanpaolo offers a reliable and transparent clearing service across a wide range of listed and OTC derivatives, in compliance with the latest legislation, specialised in ensuring efficiency and reducing operational complexity for clients.

The service includes the following products:

Listed Futures & Options

The clearing service for listed derivatives includes derivatives with all types of underlying (equities, bonds, indices, currencies and commodities) listed on the main international markets. Intesa Sanpaolo is a direct member of the main central counterparties for the centralised clearing of derivatives. It acts as General Clearing Member (GCM) of Euronext Clearing (formerly CC&G), Eurex Clearing, ICE Clear Europe and LCH SA.

The main strengths of the service are:

  • Focus on transparent and fully STP operational processes with daily backup of individual transactions
  • Single or multi-currency margining with daily ad-hoc reports
  • Collateralisation using flexible procedures (cash and/or securities)
  • Wide choice of segregation of MiFID/MiFIR compliant positions, both at market level and within the Intesa Sanpaolo Group
  • Additional services for the purpose of compliance with EU legislation (ETD Trade Reporting, Assisted ETD Trade Reporting)

Direct client support from the onboarding to the operational phase thanks to a dedicated Client Service team, operating on a 24/5 basis

OTC Derivatives

Intesa Sanpaolo is a direct member of LCH Ltd and Eurex Clearing where it provides clearing services to institutional clients on interest rate derivatives.

The service allows both the fulfilment of obligations under EU legislation and the optimisation of counterparty risk management, thereby reducing capital requirements.

Intesa Sanpaolo's size and the multidisciplinary expertise of the clearing team allow clients to benefit from a complete, consolidated and efficient service, constantly aligned with market innovations. The service is offered jointly by the Market Hub, Financial Institution Solutions and Clearing Hub teams.

The main strengths of the service are:

  • Support with the onboarding and set-up of the entire front-to-back process
  • Assistance with portfolio and risk management
  • Adoption of international best practices
  • Free tool for pre-trade analysis and collateral margin simulation

For more information on the EMIR and MiFID regulations, please refer to the REGULATIONS section of the website