Euroclear leads joint blockchain initiative European CP market
The proposed solution will provide one consolidated hub for the issuing of European commercial paper with delivery vs payment (DvP) settlement.
The proposed solution will provide one consolidated hub for the issuing of European commercial paper with delivery vs payment (DvP) settlement.
The interface will help BNP Paribas's custody clients to manage their migration to DLT without having to adapt their global operating platform.
Report says DLT cannot replace clearing and settlement entirely, without imposing the very costs it was designed to reduce.
It is also planning a series of process enhancements in order to support both institutional intermediaries for global proxy voting.
New CSD promising real-time settlement is planning to begin operations from the summer of this year.
A trial project using blockchain to transfer and settle securities and cash proved costly and less speedy than the traditional way, the Bundesbank president said.
Long-serving innovation head at Euroclear leaves after 15 years at the Belgium-based central securities depositary.
One of the founders of State Street's digital transformation programme has left after nearly three years at the bank.
Topics discussed at the forum included achieving buy-side operational efficiencies, new front-to-back service models, blockchain, ESG and tokenisation.