A New Order of Things is Needed

January 28, 2019

Whilst the collateral upgrade market provides market participants with balance sheet efficiency achieved from exchanging non-cash collateral baskets, the incumbent securities settlement infrastructure suffers from the inability to provide an industrial strength solution for atomic Delivery versus Delivery (DvD) of baskets of securities. Atomic DvD refers to the instantaneous exchange of one basket of securities versus another basket of securities across a fragmented securities settlement system.

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