A form of short-term borrowing for dealers in government securities, where the dealer sells the government securities to investors, usually on an overnight basis, and buys them back the following day.
EUREP will be operated by five national central banks: the Deutsche Bundesbank, the Banco de España, the Banque de France, the Banca d’Italia, De Nederlandsche Bank
The paper by the Securities AVÀÇ Association and WTS Hansuke is intended as a strategic, securities financing-focused framework to support national discussions on T+1
The Bank will progress this work over 2026, publishing further analysis to inform the debate but warns that these are complex reforms which will take time
The daily average trade volumes were up 68 per cent year-on-year, reflecting the continued evolution of tokenised market infrastructure and the expanding role of DLT