Tuesday June 25 2024
News Source: Global Exchanges
Focus: Clearing & Settlement
Type: General
Country: Germany
On 24th June 2024, Eurex Clearing announced that it is participating in the second wave of the Eurosystem’s exploratory work on new technologies for wholesale central bank digital money settlement. These trials aim to explore the potential of distributed ledger technology (DLT).
As part of Wave 1 of the exploratory work, Eurex Clearing has been also engaged in testing the Trigger Solution. The use case focuses on a centrally cleared repo transaction. The repo instrument is a native digital commercial paper traded on Eurex Repo’s F7 platform; issued and settled on Clearstream’s D7 DLT-capable digital securities platform.
In Wave 2, Eurex Clearing is involved in trials that settle cash amounts via the ledger of the Banque de France’s Full DLT Interoperability Solution. The Wave 2 trials encompass two use cases: cleared repo transactions, similar as in Wave 1, and intraday margin calls.
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