With the creation of the new standardised triparty basket dedicated to African sovereign
eurobonds, the firms aim to create an interbank flow market within the African repo market
TCN sits on J.P. Morgan’s Onyx Digital Assets, and operates as a private blockchain-based platform, which is used for tokenised asset movements including collateral settlement
The companies say the offering will increase post-trade efficiencies while providing clients with the benefits of an established risk management counterparty
Moderated by Steve Everett, head of business strategy and Post Trade Innovation at TMX, panellists agreed that the Canadian market requires improvements in the collateral space
The free-to-use CDM data standard aims to reduce operational risk, the potential for errors and disputes, and dramatically speed up customer onboarding times
SGC notes are short-term discounted money market instruments developed by CDCC in collaboration with Canadian market participants, and designed to meet the demand for the transition from Bankers’ Acceptances