€100,000 worth Commercial paper transaction on Corda

€100,000 worth Commercial paper transaction on Corda

A short-term debt instrument transaction was settled on Corda blockchain platform with the involvement of four banks namely Commerzbank, ING, Natixis, and Rabobank. Reportedly, the transaction was worth €100,000 worth euro commercial paper (ECP). Natixis was the issuer of the instrument, Rabobank as the investor, ING as the dealer and escrow agent. Commerzbank was the provider of technical support.

Leave a Reply

Your email address will not be published. Required fields are marked *