This is expected to be the first regulated use case of the stablecoin as collateral.
This enables secure, on-chain settlement using a digital representation of funds held at the central bank.
It represents a significant milestone in Euronext’s strategy to expand its 25-year repo clearing franchise.
The Schedule Manager enables clients to enhance collateral optimisation.
Realizing the potential of onchain finance requires overcoming several challenges.
ECMS is a unified system that will harmonise collateral management for Eurosystem credit operations.
Initial & variation margin collected for non-cleared derivatives rose by 6.4% at the end of 2024.
The $16 trillion global repo and collateral markets are hindered by fragmented settlement and slow asset mobility.
Certain U.S. Treasury ETFs may qualify as initial and variation margin collateral for uncleared swaps.
