A solution for managing high-quality liquid assets: How distributed ledger technology can benefit the securities lending market

Gerd Hartung, Kevin Rutter and Guido Stroemer
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Gerd Hartung: Senior Vice President, Deutsche Börse AG,, Germany
Kevin Rutter: Research Lead, R3, USA
Guido Stroemer: CEO, HQLAx, Luxembourg

Journal of Securities Operations & Custody, 2019, vol. 11, issue 4, 282-291

Abstract: For the financial industry, the need to manage high-quality liquid assets (HQLA) efficiently and the related topic of collateral mobility are more relevant than ever. In the aftermath of the global financial crisis, they have posed a significant challenge for the industry. Progress on this issue is strongly linked to the evolution of new technologies. This paper assesses the current situation and how distributed ledger technology (DLT) can help to address this subject and improve the securities lending market. It examines which aspects need to be taken into consideration when designing a DLT solution, how it can be implemented and what are the next steps on our way to solving one of the most pressing issues for the future of financial services.

Keywords: Blockchain; DLT; collateral mobility; HQLA; tokenisation (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jsoc00:y:2019:v:11:i:4:p:282-291

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