In addition to allowing efficient trading and settlement, the systems will enable surveillance and risk control by many market participants. Another development in the pipeline is a central securities depository system for corporate equity and debt instruments to provide electronic issuance and custody of financial instruments to enable efficiency, reliability and security of the transactions in the market.
Many policymakers have discussed whether CBDCs could play a role in streamlining cross-border payments by using new technologies, introducing simplified distribution channels, and creating additional opportunities for cross-jurisdictional collaboration and interoperability.