HQLAᵡ DLT platform passes €1bn securities lending transactions - 0 views
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John Kiff on 06 Jun 24BNY Mellon, Goldman Sachs and HSBC have successfully passed the €1 billion notional milestone in outstanding agency securities lending transactions using the HQLAX distributed ledger technology (DLT) platform. HQLAX creates digital collateral records (DCRs) to effect the simultaneous ownership exchange of loan identifiers (ISINS) and triparty collateral on a delivery vs delivery (DvD) basis. This eliminates intraday exposure and associated credit risk identified in most current collateral settlement practices.