UBS has implemented Broadridge’s sponsored repo solution to digitize its sponsored repo trade flows, leveraging distributed ledger technology (DLT) and smart contracts for cost savings and operational efficiency.
Facts
- UBS, one of Switzerland’s largest private banks, is digitizing its sponsored repo trade flows.
- The solution is based on Broadridge’s distributed ledger repo (DLR) platform.
- Clients benefit from significant settlement cost savings, process simplification, scalability, and reduced operational risks.
- UBS plans to integrate the digitized trade flows into its DLR tech stack on Broadridge’s platform.
- The integration aims to increase efficiency, reduce the risk of fails, and lower settlement costs.
- Broadridge’s head of digital innovation, Horacio Barakat, highlights the value of DLR technology.
- Broadridge handles trading worth $10 trillion daily across various asset classes.
