The firms include Bank of America, Citigroup, Credit Suisse and JP Morgan
Four of the world's top investment banks
have partnered with a clearing expert and a tech firm to run a
full post-trade processing cycle for a credit default swap on
The test group comprised the Bank of
America Merrill Lynch, Citi, Credit Suisse, JP Morgan as well
as The Depository Trust & Clearing Corporation (DTCC) and
Markit, in collaboration with blockchain start up Axoni.
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