Climate Transition Benchmark and Digital representation: Difference between pages

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imported>Doug Williamson
(Create page - source - Bank for International Settlements (BIS) - Annual Economic Report 2022 - https://www.bis.org/publ/arpdf/ar2022e.pdf)
 
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''Sustainability - investment - climate change - Paris Climate Agreement - European Union (EU)''.
''Blockchain - distributed ledger - wholesale central bank digital currencies - tokens.''


The EU Climate Transition Benchmark is a standard for investments, indicating that the proposed investment is on a decarbonisation trajectory.
An entry in a distributed ledger technology (DLT) platform, relating to a conventional asset.


For example, a conventional bank deposit.


This is a relatively less demanding standard, compared with the related - and more rigorous - EU Paris-aligned Benchmark (PAB).


The aims of the climate benchmarks are to improve transparency and comparability, to reallocate capital towards climate-friendly investments and to deter misleading low carbon claims, known as greenwashing.
:<span style="color:#4B0082">'''''Innovative financial services - well beyond payments'''''</span>
 
:"Within the new functions unlocked by wholesale CBDCs, one set of applications deserves special mention – namely, those stemming from the tokenisation of deposits (M1), and other forms of money that are represented on permissioned DLT networks.
 
:The role of intermediaries in settling transactions was one of the major advances in the history of money, tracing back to the role of public deposit banks in Europe in the early history of central banking.
 
:Bank deposits serve as the payment medium, as the intermediary debits the account of the payer and credits the account of the receiver.
 
:The tokenisation of deposits takes this principle and translates the operation to DLT by creating a digital representation of deposits on the DLT platform, and settling them in a decentralised manner.
 
:This could facilitate new forms of exchange, including fractional ownership of securities and real assets, allowing for innovative financial services that extend well beyond payments."
 
:''Bank for International Settlements (BIS) - Annual Economic Report 2022 - p91.''
 
 
 
A tokenised deposit is a digital representation of value in a distributed ledger technology (DLT) system.
 
A tokenised deposit represents a claim on a commercial bank, just like a conventional deposit.




== See also ==
== See also ==
* [[Benchmark]]
* [[Account]]
* [[Benchmarking]]
* [[Bank for International Settlements]]  (BIS)
* [[Benchmarks Regulation]]
* [[Blockchain]]
* [[Climate benchmark]]
* [[Central bank]]
* [[Climate change]]
* [[Central bank digital currency]]  (CBDC)
* [[Climate transition]]
* [[Commercial bank]]
* [[Climate transition risk]]
* [[Credit]]
* [[Decarbonise]]
* [[Debit]]
* [[European Union]] (EU)
* [[Deposit]]
* [[Greenwash]]
* [[Digital asset]]
* [[Paris-aligned Benchmark]] (PAB)
* [[Digital currency]]
* [[Sustainability]]
* [[Distributed ledger]]
* [[Transition]]
* [[Intermediary]]
* [[M1]]
* [[Money]]
* [[Payment]]
* [[Permissioned DLT]]
* [[Real asset]]
* [[Security]]
* [[Settlement]]
* [[Token]]
* [[Tokenise]]
* [[Tokenised deposit]]
* [[Transaction]]
* [[Wholesale central bank digital currency]]
 
 
==External link==
*[https://www.bis.org/publ/arpdf/ar2022e.pdf Bank for International Settlements (BIS) - Annual Economic Report 2022]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Risk_reporting]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Technology]]

Revision as of 13:50, 27 September 2022

Blockchain - distributed ledger - wholesale central bank digital currencies - tokens.

An entry in a distributed ledger technology (DLT) platform, relating to a conventional asset.

For example, a conventional bank deposit.


Innovative financial services - well beyond payments
"Within the new functions unlocked by wholesale CBDCs, one set of applications deserves special mention – namely, those stemming from the tokenisation of deposits (M1), and other forms of money that are represented on permissioned DLT networks.
The role of intermediaries in settling transactions was one of the major advances in the history of money, tracing back to the role of public deposit banks in Europe in the early history of central banking.
Bank deposits serve as the payment medium, as the intermediary debits the account of the payer and credits the account of the receiver.
The tokenisation of deposits takes this principle and translates the operation to DLT by creating a digital representation of deposits on the DLT platform, and settling them in a decentralised manner.
This could facilitate new forms of exchange, including fractional ownership of securities and real assets, allowing for innovative financial services that extend well beyond payments."
Bank for International Settlements (BIS) - Annual Economic Report 2022 - p91.


A tokenised deposit is a digital representation of value in a distributed ledger technology (DLT) system.

A tokenised deposit represents a claim on a commercial bank, just like a conventional deposit.


See also


External link

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