The initiative builds on the existing agreement between both firms, under which Iberclear already facilitates the settlement of Spanish, French, and German government bond trades
The lab will support collaborative, exploratory work focused on how synchronised payments through the Bank of England’s Real-Time Gross Settlement (RTGS) service could support the future evolution of wholesale market infrastructure
The group has outlined its counterparty risk-dependent stance on tokenised collateral, preferring systemically important institutions to third or fourth-tier banks
The collaboration streamlines the process for brokers and wealth managers to identify eligible holdings and return class action settlement funds to investors
The journey towards a more efficient settlement model coincides with a trend toward increased automation with higher volume in the bond markets, the firm says
