HQLAᵡ confirmed it was involved in an intraday repo transaction where Goldman Sachs borrowed cash from Clearstream in exchange for collateral held on the HQLAᵡ DLT platform. The transactions were part of the European Central Bank’s (ECB’s) wholesale DLT settlement trials using central bank money. In this case, the cash leg of the transaction used the Bundesbank’s Trigger solution.
While HQLAᵡ has participated in several delivery versus payment (DvP) repo simulations, this is the first transaction involving real cash settlement.
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