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 increase reflects the continued evolution of tokenised market infrastructure and the expanding role of distributed ledger technology in modernising funding and collateral markets, the firm states
This was driven by an 63 per cent YoY rise in GC Pooling average term-adjusted volume to €319.1 billion, and a 53 per cent YoY increase in special repo to €295.3 billion
Ed Corral will lead initiatives at the intersection of traditional and decentralised finance, with a particular focus on collateral mobility and optimisation through tokenisation
EUREP will be operated by five national central banks: the Deutsche Bundesbank, the Banco de España, the Banque de France, the Banca d’Italia, De Nederlandsche Bank