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HQLAx, Clearstream and Eurex Repo have collaborated to facilitate intraday delivery-versus-payment (DvP) repo transactions using distributed ledger technology (DLT) in the ECB trials. The ECB trials are part of the Eurosystem exploratory work on new technologies for wholesale central bank money settlement, with trials denoting production transactions using real securities and cash. The transactions took place between Goldman Sachs and Clearstream, acting as principal, between 26 and 28 of November with Goldman Sachs borrowing cash from Clearstream whilst delivering collateral via the HQLAx platform.
The participants submitted the trades on the Eurex Repo F7 trading system. Clearstream acted as market DLT operator with its digital securities platform D7 and coordinated...
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