An innovative market solution to mobilise collateral

HQLAᵡ is a financial technology innovation firm that leverages distributed ledger technology to deliver liquidity management and collateral management solutions for institutional clients in the global securities lending and repo markets. 

Benefits of HQLAᵡ

Inter-operability across custodians

Transfer of ownership/pledge at precise times during the day

Reduction in intraday credit exposures

Reduction in intraday liquidity requirements

Reduction in fails

Regulatory Transparency and risk compression post default

Scalable for future digitised assets

Operating Model

 

1. Trade Layer
Eurex Repo electronic trading market (new segment for HQLAx collateral swaps).

Ability to enter a specific opening/closing date & time (to the nearest minute).

2. Digital collateral record (DCR) layer
Enables atomic change of ownership of baskets of securities.

Delivery vs Delivery “DvD”.

3. Trusted Third Party (TTP) Layer
Holds baskets of securities at multiple custodians on behalf of beneficial owners.

Initiation of exposure requests to triparty agent services.

4. Custody layer (triparty agents & custodians)
Safekeeping of securities in accounts opened by the TTP.

Collateral management of securities in and out of segregated TTP accounts.

Latest News

Euroclear to on-board Deutsche Börse entity as collateral receiver

At the Securities Lending Technology Symposium on 9th May 2019 it was announced by Guido Stroemer that the Deutsche Börse Group

Meeting Intraday challenges with HQLAᵡ

The following piece is the summary of an Independent Study research assignment conducted by Yale School of Management MBA

Deutsche Börse and HQLAᵡ make significant progress on blockchain securities lending solution

Six banks already started onboarding Deutsche Börse acquired further shares in HQLAx