The repo desks you serve already pay for this, in cash funded twice and in inventory they hold in two places. That spend is the demand, and it reaches you as a budget line rather than as a request. The protocol settles every leg where it already sits, so the collateral they cannot use today works through you, under your name.
Request a briefing →Eligible inventory sits across custodians, depositories and issuance venues, and none of it can be delivered against cash on a book it does not share. So the desk substitutes into something it can deliver, or holds the same position twice.
Cash is pre-positioned on every venue the desk expects to trade on, in every currency it expects to trade in, so that it is there when a trade needs to settle. The drag stops being occasional and becomes a permanent line on the balance sheet.
Legs that cannot settle against each other settle one after the other, each with its own funding and its own reconciliation. Breaks surface the following morning against a trade that has already closed, and they are cleared by hand.
The protocol settles the repo where its parts already are. The collateral stays on the book that records it, the cash stays on the book that records it, your policy runs before anything commits, and every leg settles in the same instant or no leg settles at all. The exposure this market spent fifty years designing out never opens.
Inventory sitting on any connected book becomes deliverable through your platform. The pool your clients hold is worth what it is worth rather than what it can get to, and the crossing that makes it worth that is yours.
The cash your clients pre-position across other venues returns to the balance sheet and is carried once, through you, because a leg no longer has to stand on the same book as the leg it settles against.
A ledger joining the network is added once, for everyone already on it. Reach stops being a build you schedule against a competitor and becomes something that arrives, with no sequence to manage and no second record to reconcile.
Discover how secure settlement expands your addressable market, drives growth and client retention, and brings agency back to you and your clients. Bring a settlement your desk runs today and we will walk it through.