Broadridge is developing a DLT-based repo platform using DAML smart contracts on Corda to enable operational efficiencies, risk reduction, and increased liquidity for repo market participants. The platform will allow participants to agree, execute, and settle repo transactions digitally, reducing costs through immobilized collateral and fewer fails. It also reduces counterparty and operational risk through a secure, centralized record. DAML is well-suited for the use case and Corda provides the privacy, scalability, and regulatory compliance needed for the regulated repo market. Broadridge, DAML, and Corda will work together to integrate the solution and explore further opportunities.

1. Changing Repo
Market Structure
Broadridge, DAML and Corda

2. Broadridge Repo Use Case
● DLT-based Repo platform for market participants to agree, execute and settle
all repo transactions
● Platform will allow for significant operational efficiencies, reduction in costs,
and transaction risk
● Benefits are driven by the creation of synchronized workflows and digitization
of collateral

3. Operational
Efficiencies
● Reduction in cost due to immobilization of collateral
● Reduction in fails by capturing the trade and all related approval in a DLT
● Reduction of operational risk through a secure record of the trade details on the DLT
Risk
Reduction
● Reduction of counterparty risk by bringing “tri-party like” features to the bilateral
process
● Improved management of counterparty risk via centralized repository of repo
agreements and counterparties
Increased
Liquidity
● Increased liquidity in the repo and securities lending market for all security types,
including illiquid asset classes, via the digitization of assets
Benefits for Capital Market Industry

4. Key DLT Platform Requirements
Privacy, confidentiality and protection of
data and transactions on the platform
Ease of administering a permissioned
participant model; defined business
policies & governance
Ability for business to validate business
rules by reading smart contracts vs
testing them
Flexibility of the platform to adapt to
change in participants, roles, data and
business rules
Enterprise security that is fully in line with
regulatory compliance & scrutiny
Enterprise integration with existing
ecosystem
Instrumentation & monitoring

5. Broadridge - Regulated Innovators
● Strong technology background
● Driven by business goals
● Innovate quickly in an agile manner
● Provide absolute trust and stability to their clients
Distributed Repo Application

6. Enabling Innovation...
● Focus on the use case
● Decouple the application from the infrastructure
● DAML is designed for Broadridge’s domain
● Designed for upgradability and extensibility
Smart Contract Engine
Distributed Repo Application

7. ...for Regulated Industries
● Support and SLAs for Mission Critical Workloads
● Enterprise Features
● Multiple Infrastructure options including on-prem
● Transaction Level Privacy
Smart Contract Engine
Distributed Repo Application
Blockchain Platform

8. Why Corda Is the Best DAML Driven Platform
Privacy
Corda and DAML share a worldview of privacy as an core requirement of any DLT.
Scalability
The P2P architecture of Corda allows large scale networks and a scale out architecture for large
deployments.
Finance heritage
R3 and DA have a common history of focusing on financial uses cases and the unique requirements of
the industry.

9. DAML + Corda Enterprise Roadmap
Customer focus
Broadridge is our focus for joint success and path to a larger universe of DAML on Corda Enterprise
customers.
Integration layer
Joint evolution of the DAML to Corda integration layer initially built by Digital Asset to ensure full support
by R3.
Deeper integration
After the initial launch which fully supports Broadridge's use cases, R3 and DA will be exploring ways to
more tightly couple DAML and Corda Enterprise to even better leverage each other's strengths.

10. Connect with us
Daml.com - @damldriven
Digitalasset.com - @digitalassetcom
Broadridge.com - @broadridge
R3.com - @inside_r3
Corda.net - @cordablockchain