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
The initiative builds on the existing agreement between both firms, under which Iberclear already facilitates the settlement of Spanish, French, and German government bond trades
The framework enables central banks in jurisdictions outside the euro area to address risks of euro liquidity shortages swiftly to make the facility more flexible and broader
