On-Chain Repo & Collateral Manager

App detail

On-chain repo financing against tokenized JGB collateral, valued with a live haircut and watched for margin calls — 4 active line(s).

Digital assets Business risk review v1 · 6 nodes Owner: Wei Chen View graph

Runnable once promoted to PROD

Repo book ¥29B

active principal

Margin calls 1

under-collateralised

Avg haircut 1.69%

weighted book

Collateral posted ¥29B

active lines

Repo	Collateral token	Counterparty	Dir	Principal	Haircut	Collateral	Margin
REPO-2607-0001	TKN-JGB-10Y	Goldman Sachs	Repo	¥10B	2.00%	¥9.9B	Margin call
REPO-2607-0004	TKN-JGB-10Y	LCH	Reverse repo	¥8.0B	2.25%	¥8.2B	Ok
REPO-2607-0002	TKN-JGB-5Y	Citadel	Reverse repo	¥6.5B	1.50%	¥6.6B	Ok
REPO-2606-0087	TKN-JGB-5Y	JPMorgan	Repo	¥5.0B	1.75%	¥5.1B	Ok
REPO-2607-0003	TKN-JGB-2Y	BlackRock	Repo	¥4.0B	1.00%	¥4.0B	Ok

SERIOUS

REPO-2607-0001 · Goldman Sachs — Margin call

Collateral ¥9.9B vs principal ¥10B — shortfall -¥150M (-1.50%)

TKN-JGB-10Y · PROGMAT · haircut 2.00%

Active repo principal financed against each tokenized security

Repo vs reverse-repo principal