Santander Bank, a leading commercial banking group of Spain, we found that you are trying floating rate notes utilizing the block chain technology of Nivaura the (floating-rate debt / FRN).
Apart from Santander, LeasePlan , a car leasing company, is testing the FRN, and Nivaura is also talking to the London Stock Exchange Group (LSEG) , which provided the company with funding.
Nivaura’s FRN claims that smart contracts are structured to recalculate interest rates triggered by data feeds such as London interbank rates (LIBOR).
Floating interest rate bonds are bonds with interest rates (coupon rates) that fluctuate.
Many companies have tried to issue and manage fixed interest bonds with unchanged interest rates as “security tokens” on the blockchain, but Nivaura is developing products that are one step further than that It seems.
France’s leading investment bank Societe Generale issues bonds on Ethereum
Article Source: Coindesk
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Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/santander-to-test-blockchain-based-floating-rate-bonds/
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