This paper was first published by Henry Stewart Publications in Journal of Securities Operations & Custody Volume 11 Number 4.
Deutsche Börse and HQLAˣ successfully launched their jointly developed Distributed Ledger Technology (DLT) solution for frictionless collateral swaps in the securities lending market. The live transactions were executed by Commerzbank, Credit Suisse and UBS on the Eurex Repo F7-trading system.
As part of these simulation transactions, ownership of baskets of securities residing at Clearstream Banking S.A. and Euroclear Bank were exchanged without the need for securities to be moved across the Bridge, the long-established electronic communications platform to transmit securities between these two institutions. In addition, J.P. Morgan have commenced the on-boarding of the Deutsche Börse Group owned Trusted Third Party (TTP) entity as a Collateral Receiver and Collateral Account owner, in the J.P. Morgan Tri-party programme. Advanced discussions are underway with additional leading custodians and tri-party agents.
HQLAˣ has been included in The FinTech50, the first list in the world to recognise innovative European fintechs. The list includes Monzo, Revolut and N26 among the others.
At the Securities Lending Technology Symposium on 9th May 2019 it was announced by Guido Stroemer that the Deutsche Börse Group
The following piece is the summary of an Independent Study research assignment conducted by Yale School of Management MBA
Six banks already started onboarding Deutsche Börse acquired further shares in HQLAᵡ
Whilst the collateral upgrade market provides market participants with balance sheet efficiency achieved from exchanging non-cash collateral baskets,
Deutsche Börse strengthens commitment to new technologies in the post-trade sector / Significant progress in creating innovative blockchain solution to tackle fragmentation of securities lending market
AMERICAN BANKER by Penny Crosman published April 06 2017, 3:23pm EDT Too much cash. It sounds like a good problem to have. But for banks, it can be costly to have too much cash sitting around doing nothing.
Release date: 26 Mar 2018 Deutsche Börse Group and HQLAᵡ have signed a Letter of Intent to form a strategic partnership for the creation of an innovative securities lending solution using the R3 Corda blockchain platform.
By: Peter Lee Published on: Monday, August 21, 2017 After breakthrough proofs of concept in the spring, two large projects are now quietly moving forward into pilot production that could see blockchain technology transform wholesale
PRESS RELEASE April 5, 2017 (New York/London/Singapore) – Financial innovation firm R3, five of its members and financial resource management specialist HQLAᵡ have built a collateral lending solution for liquidity transfers on R3’s Corda distributed ledger platform. Project participants CIBC, Commerzbank, Credit Suisse, ING, UBS and HQLAᵡ collaborated with R3 to develop an operating model for a digital collateral