Future use needs to be explored, and this is what we are doing based on concrete use cases (i.e. can DLT meet the TARGET2/T2S service levels). As new technologies don’t stop at borders, we have furthermore decided to cooperate with the Bank of Japan to explore the potential future use of DLT for central banking services in a more global context.
On Tuesday of this week, we announced another program in which we will provide senior secured financing to conduits that purchase certain highly rated commercial paper and certificates of deposit from money market mutual funds. The financial rescue package recently enacted by Congress, the Emergency Economic Stabilization Act (EESA), provides critically important new tools to address financial market problems.