Europe Clearing Houses and Settlements Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Europe Clearing Houses and Settlements Market is Segmented by Type (Outward Clearing House and Inward Clearing House), by Service (TARGET2, SEPA, EBICS, and Other Services), and by Country (United Kingdom, Germany, France, Spain, Italy, Nordics, and Rest of Europe). The report offers market size and forecasts for the European clearing houses and settlements market in value (USD billion) for all the above segments.

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Europe Clearing Houses And Settlements Market Size

Europe Clearing Houses And Settlements Market Summary
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Study Period 2019-2028
Base Year For Estimation 2022
Market Size (2023) USD 1.99 Quadrillion
Market Size (2028) USD 2.16 Quadrillion
CAGR (2023 - 2028) 1.59 %
Market Concentration High

Major Players

Europe Clearing Houses And Settlements Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Europe Clearing Houses And Settlements Market Analysis

The Europe Clearing Houses And Settlements Market size in terms of transaction value cleared is expected to grow from USD 1.99 quadrillion in 2023 to USD 2.16 quadrillion by 2028, at a CAGR of 1.59% during the forecast period (2023-2028).

The clearing houses and settlements market ensures the transaction goes smoothly, with the buyer receiving the tradable goods he intends to acquire and the seller receiving the right amount paid for the tradable goods he is selling. Most of the payment, clearing, and settlement infrastructures in Europe and the broader European Union were created to meet the needs of individual countries. They were rather diverse and not necessarily suited to the needs of an internal market, let alone the needs of a single currency area. In Europe, the Settlement Finality Directive harmonized the laws of the member states to ensure the operations of payment and settlement systems, also in case of bankruptcy of a participant, during daytime and night-time settlement. The main achievements of the Settlement Finality Directive in Europe are:

(i) the elimination of the main risks incurred in payment and settlement systems

(ii) the smooth functioning of a system even after the application of a foreign insolvency law

(iii) legal certainty for collateral enforcement (also to the benefit of ESCB credit operations).

Clearing houses played a significant role in providing stability for financial markets during COVID-19 in European countries. Clearing houses operate behind the scenes to process transactions, mitigate risk by monitoring exposures and requiring margins to protect against a firm default, and promote efficiency and liquidity during the COVID-19 pandemic.

Europe Clearing Houses And Settlements Market Trends

SEPA Schemes are Driving the Market

The Single Euro Payments Area (SEPA) is a payment-integration initiative of the European Union for the simplification of bank transfers denominated in euros. SEPA covers the whole of the European Union. Other countries and territories which are part of the geographical scope of the SEPA schemes are Andorra, Iceland, Norway, Switzerland, Liechtenstein, Monaco, San Marino, United Kingdom, Vatican City State, Mayotte, Saint-Pierre-et Miquelon, Guernsey, Jersey, and Isle of Man.

SEPA settlement and clearing system are managed by the European Commission and the European Central Bank (ECB) collaboratively through the European Payments Council. The European Central Bank chaired the council, which, together with representatives from government and consumer groups, works to govern the board and steer its agenda.

Europe Clearing Houses And Settlements Market: SEPA Number of Payments, Europe, In Million, 2022

TARGET2 is Dominating the Clearing Houses and Settlements Market

TARGET2 is the leading European settlement and clearing platform for processing large-value payments and is used by both central banks and commercial banks to process payments in EUR in real time. Central banks and commercial banks can submit payment orders in EUR to TARGET2, where they are processed and settled in central bank money, i.e., money held in an account with a central bank.

TARGET2 participants are EU central banks and their national communities of commercial banks. More than 1,700 banks use TARGET2 to initiate transactions in EUR, either on their behalf or on behalf of their customers. Considering branches and subsidiaries, more than 55,000 banks across the world (and all their customers) can be reached via TARGET2.

Europe Clearing Houses And Settlements Market: Revenue of TARGET2, Europe, In EUR Trillions, 2018-2022

Europe Clearing Houses And Settlements Industry Overview

The Europe clearing houses and settlements market is consolidated, with fewer players dominating the market. The market is expected to have new entrants during the forecast period, with a rise in technological innovations and newer services.

The major services dominating the market are TARGET2, SEPA, and EBICS. The major players in this market are Euroclear, Clearstream Banking, LCH.Clearnet, SIX x-clear, BME Clearing, and others.

Europe Clearing Houses And Settlements Market Leaders

  1. Euroclear

  2. Clearstream Banking

  3. LCH.Clearnet

  4. SIX x-clear

  5. BME Clearing

*Disclaimer: Major Players sorted in no particular order

Europe Clearing Houses And Settlements Market Concentration

Europe Clearing Houses And Settlements Market News

  • May 2022: Citi announced the launch of Single Euro Payments Area (SEPA) Instant Payments in Europe, increasing the bank's global instant payments offering.
  • February 2022: SETL and Digital Asset joined forces to create a Regulated Network for Tokens. The new network was expected to provide scalability, with the highest levels of privacy and smart contracting capabilities for the Central Bank Digital Currency.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Regulatory Requirements

      2. 4.2.2 Technological Advancements

    3. 4.3 Market Restraints

      1. 4.3.1 Regulatory Compliance Costs

      2. 4.3.2 Operational Complexity

    4. 4.4 Market Opportunities

      1. 4.4.1 New Entrants can Focus on Niche Markets or Asset Classes that are Currently Underserved by Clearing Houses

      2. 4.4.2 The Growing Focus on Sustainable Finance presents Opportunities for New Entrants

    5. 4.5 Insights on Technological Innovations in the Market

    6. 4.6 Insights on Industry Policies and Government Regulations in the Market

    7. 4.7 Industry Attractiveness: Porter's Five Forces Analysis

      1. 4.7.1 Threat of New Entrants

      2. 4.7.2 Bargaining Power of Buyers

      3. 4.7.3 Bargaining Power of Suppliers

      4. 4.7.4 Threat of Substitutes

      5. 4.7.5 Intensity of Competitive Rivalry

    8. 4.8 Impact of the COVID-19 Pandemic on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Outward House Clearing

      2. 5.1.2 Inward House Clearing

    2. 5.2 By Type of System

      1. 5.2.1 TARGET2

      2. 5.2.2 SEPA

      3. 5.2.3 EBICS

      4. 5.2.4 Other Systems

    3. 5.3 By Country

      1. 5.3.1 United Kingdom

      2. 5.3.2 Germany

      3. 5.3.3 France

      4. 5.3.4 Spain

      5. 5.3.5 Italy

      6. 5.3.6 Nordics

      7. 5.3.7 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Euroclear

      2. 6.2.2 Clearstream Banking

      3. 6.2.3 LCH.Clearnet

      4. 6.2.4 SIX x-clear

      5. 6.2.5 BME Clearing

      6. 6.2.6 National Settlements Depository (NSD)

      7. 6.2.7 Monte Titoli

      8. 6.2.8 Nasdaq CSD

      9. 6.2.9 Bitbond

      10. 6.2.10 Fnality

      11. 6.2.11 Clearmatics*

    3. *List Not Exhaustive

  7. 7. MARKET FUTURE TRENDS

  8. 8. DISCLAIMER AND ABOUT US

Europe Clearing Houses And Settlements Industry Segmentation

A clearing house acts as a mediator between any two entities or parties engaged in a financial transaction. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios expected to impact the market in small and big ways. The clearing and settlement process market report examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

The European clearing houses and settlements market is segmented by type (outward clearing house, inward clearing house), by service (TARGET2, SEPA, EBICS, other services), and by country (United Kingdom, Germany, France, Spain, Italy, Nordics, and Rest of Europe). The report offers market size and forecasts for the European clearing houses and settlements market in value (USD billion) for all the above segments.

By Type
Outward House Clearing
Inward House Clearing
By Type of System
TARGET2
SEPA
EBICS
Other Systems
By Country
United Kingdom
Germany
France
Spain
Italy
Nordics
Rest of Europe

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Frequently Asked Questions

The Europe Clearing Houses And Settlements Market size is expected to reach USD 1.99 quadrillion in 2023 and grow at a CAGR of 1.59% to reach USD 2.16 quadrillion by 2028.

In 2023, the Europe Clearing Houses And Settlements Market size is expected to reach USD 1.99 quadrillion.

Euroclear, Clearstream Banking, LCH.Clearnet, SIX x-clear and BME Clearing are the major companies operating in the Europe Clearing Houses And Settlements Market.

Europe Clearing Houses And Settlements Industry Report

Statistics for the 2023 Europe Clearing Houses And Settlements market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Clearing Houses And Settlements analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Europe Clearing Houses And Settlements Market Report Snapshots

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