The annexes supplementing the GMRA and GMSLA provide the opportunity for market participants to customize their GMRA and GMSLA transactions to include digital asset collateral under market standardized templates.
The introduction of annexes tailored to digital assets, and the resulting consistency of approach when doing deals relating to such assets, will allow market participants to transact with confidence and certainty. This in turn will provide a stable foundation for the growth of this asset class across the repurchase and securities lending space.
The annexes are also evidence of the ever-increasing institutional acceptance of digital assets, and are expected to be the catalyst for significant growth in the adoption of this asset class under repurchase and securities lending transactions.