Broadridge Financial Solutions Inc., a provider of tradeprocessing technology, says it's bringing blockchain to therepurchase-agreement market.

In a recent pilot with Societe Generale and Natixis, the firmsaid it found that distributed-ledger technology can make repotrades more efficient and less risky by providing a secure recordof transaction details. Under a repo agreement, one party offers asecurity as collateral for a cash loan. Securities dealers userepos to finance holdings and increase leverage.

“This new blockchain-enabled solution, which automatesend-to-end processes, streamlines the repo agreement andconfirmation processes, offers a faster and more accuratecollateral substitution process, while eliminating time consumingmanual interventions, and reduces counterparty risk whileincreasing auditability,”' Broadridge said in a statement.

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