While traditionally, a CCP margin call needs to be covered by euro collateral within a short time frame as regular hours of central banks and central securities depositories usually end at 18:00 CET, the blockchain solution may completely change the operational habits of the financial system. The consortium was able to handle the margin call, the securities collateral delivery and the return process within minutes.
Walter Verbeke, Global Head of Business Model and Innovation at Euroclear, added: