European Association of CCP Clearing Houses (EACH)

What European Association of CCP Clearing Houses (EACH) does

EACH (European Association of CCP Clearing Houses) is a Belgian non-profit trade association (aisbl) founded in 1992 and headquartered in Brussels. It represents 19 Central Counterparty Clearing Houses across 14 European countries, whose member CCPs collectively manage over €560 billion in risk. CCPs are financial market infrastructures that intermediate and reduce counterparty risk in derivatives, securities, and commodities markets; EACH's role is to serve as the consolidated industry voice for these entities in regulatory and policy discussions.

EACH does not operate a commercial product or technology platform. Its core "service" is industry representation: producing position papers, responding to consultations from ESMA, CPMI-IOSCO, the European Commission, the Bank of England, and the ECB, and developing standards and guidelines for default management, recovery and resolution, and CCP supervision. It co-publishes joint industry papers with CCP12, FIA, FESE, and ISDA, and co-hosts convening events such as OPTIC 2026 with AFME. The organization also runs a Women in Clearing Network initiative launched in March 2023.

The business model is membership-dues funded. EACH generates no revenue from products or services — it is a cost-recovered association governed by a Board elected at Annual General Meetings, with a small secretariat of 13 staff. Its revenue is structurally tied to the size and number of dues-paying CCP members rather than to any commercial activity, making it a not-for-profit advocacy and coordination body rather than an operating business.

Name

European Association of CCP Clearing Houses (EACH)

Legal name

EACH aisbl

Website

https://eachccp.eu

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

EACH is the Brussels-based, Belgian non-profit trade association founded in 1992 that represents 19 European Central Counterparty Clearing Houses across 14 countries, coordinating regulatory advocacy, industry standards, and consultation responses on their behalf.

Ownership category

akta.pro rank

Product category

Trade Association / Financial Market Infrastructure Advocacy

NAICS

Business Associations (813910), Other Similar Organizations (except Business, Professional, Labor, and Political Organizations) (81399)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Clearing Houses / Central Counterparties (CCPs) (FSACAHAC)

akta.pro secondary industry

Cross-Asset / Multi-Product CCPs (FSAFAFAG)

Keywords

• Central counterparty clearing
• Post-trade infrastructure
• Clearing house representation
• Regulatory advocacy services
• Financial market infrastructure

Headquarters

HQ city

Brussels

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others

Revenue model

1. Member dues/subscriptions: EACH is funded through membership fees from its 19 CCP member organizations. The association does not generate revenue from products or services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

EACH is a non-profit trade association that represents the collective interests of 19 European Central Counterparty Clearing Houses (CCPs) from 14 countries. It offers the consolidated opinion of its membership in regulatory discussions and consultations, and helps member CCPs agree on appropriate industry standards and guidelines covering EMIR, MISP, PFMI, recovery and resolution, and default management.

Product overview

EACH is a trade association representing European Central Counterparty Clearing Houses (CCPs). The organization does not offer a commercial product platform but instead provides industry representation services, regulatory advocacy, and coordination among its 19 member CCPs across 14 European countries. The association's primary activities include developing position papers, responding to regulatory consultations, and facilitating industry standards.

Differentiator

Problem solved

Functional benefit

Products and services

• EACH Industry Representation and Regulatory Advocacy Represents the collective interests of 19 European Central Counterparty Clearing House members in regulatory discussions; delivers consolidated opinions on EMIR, MISP, PFMI, recovery and resolution, and other clearing-related regulatory frameworks; and responds to consultations from ESMA, CPMI-IOSCO, the European Commission, the Bank of England, and the FCA. The service is available to member CCPs via the association's membership structure.
• EACH Industry Standards and Guidelines Develops and maintains industry standards and guidelines for European CCPs, including those related to default management coordination, recovery and resolution, and risk management. Made available to member CCPs and the wider clearing community through the EACH website.
• OPTIC Conference (with AFME) Two-day industry conference (Operations, Post-Trade, Technology & Innovation Conference) co-organised with AFME, scheduled for 19-20 October 2026 in London, featuring senior policymakers, regulators, and industry experts. Targeted at member CCPs, market infrastructure participants, and broader post-trade industry stakeholders.

Quantifiable outcome

• 19 CCP members from 14 European countries representing €560bn+ in risk managed

Named customers18 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core.

• CCP12coreStrategic or Co-development Partner · 1 December 2022Joint responses on Framework for supervisory stress testing of central counterparties with CPMI-IOSCO. Also collaborated on joint association papers regarding CCP default management auctions including client participation and governance matters.
• AFME (Association for Financial Markets in Europe)coreGTM or Marketing Partner · 1 November 2022EACH partners with AFME for OPTIC 2026 (Operations, Post-Trade, Technology & Innovation Conference) scheduled for 19-20 October 2026 in London. The two-day programme features keynote insights from senior policymakers, regulators, and industry experts.
• FIA (Futures Industry Association)coreStrategic or Co-development PartnerJoint association papers on CCP default management auctions, including client participation and governance issues. FIA PTG collaboration on default management processes and default management groups.
• FESE (Federation of European Stock Exchanges)coreStrategic or Co-development PartnerJoint statement with FESE and FIA on DORA definition of ICT Services (October 2024). Collaboration on Market Integration and Supervision Package (MISP) supervisory system.
• ISDA (International Swaps and Derivatives Association)coreStrategic or Co-development PartnerJoint association papers on CCP default management auction governance, client participation, and default management processes. Work on synchronizing default management processes and identification of potential hedges between CCPs.
• ESMA (European Securities and Markets Authority)coreOthersEACH works extensively with ESMA on CCP authorization, supervision, stress testing, and regulatory framework development including EMIR implementation.
• CPMI-IOSCO (Committee on Payments and Market Infrastructures - International Organization of Securities Commissions)coreOthersEACH responds to CPMI-IOSCO consultations on PFMI implementation, margin requirements, public quantitative disclosure standards, and general business risk management guidance.
• European CommissioncoreOthersEACH engages with the European Commission on EMIR review, capital markets union, competitive proposals, and regulatory framework development for CCPs.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• AFME (Association for Financial Markets in Europe): Pan-European trade association representing wholesale financial market participants. Comparable as a Brussels-based industry association and EACH's partner for OPTIC 2026; both advocate on European capital markets regulation.
• FIA (Futures Industry Association): Global trade association for derivatives markets including clearing. Comparable as EACH's partner on default management and DORA-related joint statements with FESE.
• ICMA (International Capital Market Association): European-headquartered trade association for capital markets participants. Comparable as a Brussels-area industry body coordinating with EU regulators on post-trade and market infrastructure matters.
• CCP12: Global trade association for Central Counterparties. Direct peer to EACH as both represent CCPs on regulatory and industry matters; EACH and CCP12 regularly co-issue papers on default management and stress testing.
• GFMA (Global Financial Markets Association): Global trade association for banking and securities industry associations including AFME, ASIFMA, and SIFMA. Comparable as a coordinating trade body for capital markets infrastructure advocacy.
• FESE (Federation of European Stock Exchanges): European trade association representing stock exchanges and CCP operators. Comparable as both organisations advocate on EU market infrastructure regulation and DORA; EACH and FESE jointly lobby around MISP.
• ISDA (International Swaps and Derivatives Association): Global trade association for OTC derivatives market participants. Comparable as a partner that co-publishes joint papers with EACH on CCP default management auctions and governance.
• EFAMA (European Fund and Asset Management Association): European trade association representing the investment management industry. Comparable as a Brussels-based association engaging EU institutions on capital markets regulation, with overlapping interest in clearing and settlement infrastructure.

Regional players

• SIFMA (Securities Industry and Financial Markets Association): US-based trade association for securities industry. Comparable as a regional peer representing financial market infrastructure participants, with limited direct overlap in Europe but parallel regulatory focus.
• ASIFMA (Asia Securities Industry and Financial Markets Association): Asia-based trade association for capital markets. Comparable by organisational model (regional industry association addressing regulators) but with limited European direct overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about European Association of CCP Clearing Houses (EACH)