REDEFINING INTERBANK BORROWING
Interbank borrowing and lending are essential activities in the capital markets . Borrowed funds represent a critical source of funding for banks , and a healthy interbank money market enables participants to manage interest rate , currency , and credit risks .
Yet this fundamental banking activity typically involves significant manual processing by borrowers and lenders alike . Given the high asset values involved , it ’ s certainly important to have human oversight of these critical transactions . Yet that ’ s no reason to forego automation and operational efficiency . In fact , a high reliance on manual processes often impacts the core business with delays in deal finalization timelines .
To improve the situation for the entire marketplace , one of the largest private sector multinational banks in India is implementing Quartz : The Smart Ledgers .
With its unique combination of off-chain and on-chain services , Quartz will seamlessly integrate into the existing systems of the bank to enable DLT to manage and simplify the core operational aspects of securities borrowing and lending .
14