A form of short-term borrowing for dealers in government securities, where the dealer sells the government securities to investors, usually on an overnight basis, and buys them back the following day.
The rise in average daily trade volumes reflects continued institutional adoption of tokenised real asset settlement at scale and the growing role of distributed ledger technology, the firm says
The bank will join the platform for its domestic repo operations, and will join the Canadian Derivatives Clearing Corporation to centrally clear its repo operations
Through the tokenisation of workflows, counterparties will be able to reference a single source, addressing challenges in existing workflows, such as inconsistent data sources, timing mismatches, and fragmented pipelines