German central bank backs DLT for collateral management
Deutsche Bundesbank and Deutsche Boerse have outlined the several advantages DLT will bring to increasing the speed and availability of collateral.
Deutsche Bundesbank and Deutsche Boerse have outlined the several advantages DLT will bring to increasing the speed and availability of collateral.
Interim CEO Todd Gibbons believes the interoperable model will help increase its global market share of the tri-party market.
The rollout of the new platform is the latest innovation from the securities finance firm over the past year to enhance the collateral management infrastructure.
Despite the extension to comply with the final phase of the uncleared margin rules, major operational challenges remain for buy-side firms.
Northern Trust will use technology provided by AcadiaSoft for an outsourced collateral optimisation solution.
PIMCO will use OpenGamma’s technology in a bid to reduce margin financing costs for derivatives trading.
The project has been lauded by industry experts, and HQLAx founder Guido Stroemer was included in Global Custodian’s 30 to Shape the Future list.
Clearstream went live with the InvestorCSD model last year with the aim of providing banks a single access point to both T2S and its ICSD services.
The peer-to-peer model appears to have turned a corner as global custodians rollout a number of initiatives to encourage end-users to transition.
JP Morgan has developed a DLT-based system alongside Baton Systems to speed-up and automate post-trade margin payments.