The finance ministry of the German state of Saxony-Anhalt has issued €50m in commercial paper using the Deutsche Börse’s Clearstream D7 platform. The issuance was part of the European Central Bank’s wholesale DLT settlement trials. Hence, the transaction was settled using the Bundesbank’s trigger payment solution, according to Clearstream’s Jens Hachmeister.
The trigger solution is designed to interoperate with blockchains to support DLT payments. It triggers a payment on the TARGET2 real time gross settlement system.
Natwest acted as dealer for the commercial paper, with DekaBank Deutsche Girozentrale as the investor.
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