Today UBS executed its first intraday cross border repo trade with a global Asian bank using Broadridge‘s Distributed Ledger Repo (DLR). UBS has been an early adopter of the blockchain solution, signing up in 2021.
“Intraday repo is a valuable tool to manage our liquidity usage and provides flexibility in our funding capabilities with reduced operational risk,” said Beatriz Martin, UBS Group Treasurer.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
Image Copyright: eyeofpaul / 123rf
