Meet the team behind Euroclear’s pivotal role in EU’s transition to T+1
T+1 – Meet the team – Eric de Spirlet
In this second episode of our 'Meet the team' series, we continue our journey behind the scenes of the Euroclear teams supporting the industry’s transition to T+1 settlement. This series is designed to introduce the people, expertise and thinking driving the key changes behind T+1 and to explain complex topics in a clear and practical way for clients and market participants.
In this episode, we turn the spotlight on settlement credit efficiency, one of the most critical and technically complex pillars of the move to T+1, and a key consideration for firms adapting to a shortened settlement cycle.
Eric de Spirlet, Head of Credit and Liquidity Services – Product Management – leading the Operational Day Change & Settlement Credit Efficiency for T+1, plays a central transversal role in shaping the enhanced Euroclear operational day for T+1 and is closely involved in the related industry discussions.
Eric shares his insights on what settlement credit efficiency means in practice and why it is so important in a T+1 environment. He explains how new optimisation tools such as NetSettle and the SFT gating event are designed to reduce intraday liquidity and credit needs, while supporting strong settlement performance. The discussion also explores how smarter sequencing across markets, real-time settlement throughout the day and enhanced triparty shaping will help clients maintain full control over their positions and liquidity, using resources more efficiently and avoiding unnecessary intraday peaks.
Beyond the technical changes, Eric reflects on the extensive industry-wide collaboration underpinning the move to T+1 and what this collective journey has revealed about the importance of coordination, dialogue and shared responsibility across the post‑trade ecosystem.
With greatly compressed timescales under the T+1 settlement regime it's acknowledged that many existing processes will have to change. The structure and dynamics of the operational day will evolve to embrace these changes, simpler, faster, smoother. This third episode of a series of T+1 webinars as we explore how Euroclear Bank is redesigning its operational day to optimise its processes and to offer a more resilient infrastructure to enhance stability and reduce complexity. Learn how our new operational day gives you instant control over positions and liquidity and how our optimised start of day priorities APAC securities and cash flows for better liquidity management.
