Sberbank reported a successful over-the-counter REPO transaction on the blockchain with the brokerage company “Region” with the participation of National settlement Depository (NSD). This was reported by the Bank press service.
The calculations used integrated into a distributed network Management System Software (LMS) NSD. Each of the parties to the transaction has filed the order in your node network, the blockchain, smart-contracts agreement and filed a settlement instruction LMS.
According to Sberbank representatives, the parties concluded the world’s first three-way deal similar view on the blockchain.
“The pilot transaction, the NSD were not only settlement Depository, but also provided participants with the services of collateral management, acted as a vendor of market data, which were used in calculations smart contract”, — said managing Director of development management systems ensuring NSD Alina Akchurina.
Earlier the savings Bank has entered into off-exchange REPO transaction on the blockchain with the company “Interros”.
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