Euro MTS与欧元区各国的债券清算系统直接相连。交易商或者在各国的债券清算部门（通常是中央银行）直接开立清算账户，或者通过代理银行进行清算。交易商通过Euro MTS系统达成交易后，系统会自动将成交信息传给各国债券清算部门进行净额或全额结算。如果交易一方违约，不能足额付款或付券，债券清算部门则将违约信息反馈给Euro MTS，Euro MTS收到信息后再将其传给交易双方，由交易双方进行协商处理。

　　参考文献：

　　[1] Department of the treasury， Securities and exchange commission， Board of governors of the federal reserve system， Joint report on the government securities market， 1992.

　　[2] Department of the treasury， Securities and exchange commission， Board of governors of the federal reserve system， Joint study of the regulatory system for government securities， 1998.

　　[3]The government securities act of 1986.

　　[4]Government securities act amendments of 1993.

　　[5]European central bank， The euro bond market study， 2004.

　　[6]European central bank， Trading European sovereign bonds- the microstructure of the MTS trading platforms， 2005.