Commerzbank and Deutsche B枚rse have used distributed ledger technology to execute a legally binding settlement of a repo transaction for the first time
鈥2018 year-end saw a noticeable spike in settlement fails for securities settling on European central security depositories鈥, according to The International Capital Market Association鈥檚 European Repo and Collateral Council
The St. Petersburg Currency Exchange has launched exchange-traded repos with the Bank of Russia, using The National Settlement Depository鈥檚 collateral management system