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 collaboration highlights how digital currencies and digital collateral records can improve the speed, efficiency, and resilience of Australia’s US$350 billion repo market
The initiative will be predominantly focused on tokenised collateral, onchain financing, and institutional-grade digital settlement solutions, building on the company’s prior work on the Canton Network
The new access model uses NSCC’s existing risk management framework and aligns with practices already in use at DTCC’s Fixed Income Clearing Corporation
The firm has extended its multi-asset capabilities to support the trading of tokenised assets across its order, execution, and post-trade infrastructure
This rise was driven by an 18 per cent YoY rise in GC Pooling average daily TAV to €243.1 billion, and an 92 per cent YoY increase in special repo average daily TAV to €330.2 billion
The new benchmark uses data from centrally-cleared overnight US repo trades executed on BrokerTec’s dealer-to-dealer central limit order book platform