BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which organisation has launched ‘bond-i’, the world’s first bond to be created, allocated, transferred and managed by using distributed ledger technology?

A	Asian Development Bank
B	Reserve Bank of India
C	United Nations Organisation
D	World Bank

Explanation:

Detailed explanation-1: -UBS AG launches the world’s first digital bond that is publicly traded and settled on both blockchain-based and traditional exchanges. UBS AG today priced its inaugural senior unsecured digital bond, a 375 million Swiss franc-denominated three-year bond with 2.33% coupon (ISIN: CH1228837865).

Detailed explanation-2: -In August 2018, the World Bank launched its bond-i, short for “blockchain operated new debt instrument.” The new bond was created through Australia’s Commonwealth Bank (CBA).

Detailed explanation-3: -The World Bank launched world’s first public blockchain bond named bond-i created, allocated, transferred and managed by using blockchain technology. Bond-i is an acronym standing for Blockchain Offered New Debt Instrument and also refers to tourist famous Bondi Beach in Sydney, Australia.

Detailed explanation-4: -A smart bond (or blockchain Bond) is a specific type of an automated bond contract that uses the capabilities of blockchain databases that can operate as cryptographically-secure yet open and transparent general ledgers. This is sometimes referred to as Distributed Ledger Technology (DLT).

There is 1 question to complete.