DiscoverThe Linklaters Germany PodcastThe Token Lawyer: The future of CCPs in a DLT environment with Efthimia Kefalea
The Token Lawyer: The future of CCPs in a DLT environment with Efthimia Kefalea

The Token Lawyer: The future of CCPs in a DLT environment with Efthimia Kefalea

Update: 2025-03-18
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Episode 3


In der dritten Folge von „The Token Lawyer“ sprechen Sebastian Dey und Efthimia Kefalea, die als Direktorin bei Eurex Clearing für das Design von Collateral- & Repo-Clearing verantwortlich ist, über digitale Kapitalmärkte. Gemeinsam diskutieren sie über die wesentlichen Rollen der zentralen Gegenparteien (CCPs), entkräften einige weitverbreitete Irrtümer, analysieren das Potenzial der Distributed Ledger Technology (DLT) in Finanzmarktinfrastrukturen und verraten, welche Rolle Kaffee möglicherweise für Innovationsprozesse spielt.


01:50 - Welcome Efthimia (crossroads, new ideas, new technology)


04:17 - The Journey of Efthimia


09:22 - What is CCP-clearing?


13:15 - What are the contractual relationships?


15:33 - What does collateral and repo clearing design mean?


18:23 - Why is DLT a groundbreaking technology for CCPs?


25:15 - What is an intraday repo?


30:15 - What is "atomic settlement and instant settlement”? How do they does it relate to netting and liquidity?


35:02 - Are there benefits of integrating DLT into CCP operations?


39:30 - Lighting Round


40:22 - What would be your wish for Europe and the European financial market? (Efthimia to Sebastian)


41:45 - What role do you see for AI in the digital capital market in the future?

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The Token Lawyer: The future of CCPs in a DLT environment with Efthimia Kefalea

The Token Lawyer: The future of CCPs in a DLT environment with Efthimia Kefalea

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