Daimler 100 million euros of the Everest Bond Bonds affected by more than Mercedes-Benz a car brand


nnnIn the last month, Mercedes-Benz’s manufacturing company released its first block chain bond, and this company’s move will not only affect the Mercedes-Benz car brand. This is only the first step in its larger scale to explore the technology, and the real development of the project to the global scale is the type of the bond (called “Schuldschein”). According to its representation, several departments within the company are exploring different block chain use cases, although the actual block chain solution has not yet been determined, but at least clear the direction of the forward direction.n
nnTranslation: Clovern
nLast month, Mercedes-Benz’s manufacturing company released its first block-chain bond, and the company’s move will not only affect Mercedes-Benz, a car brand.n
nAs CoinDesk reported, the 100 million euros of bonds issued on the private version of the APF block indicates that the Daimler Group has taken the first step toward its larger plan to explore the technology. But what really makes this project a global scale is the type of bond (called “Schuldschein”).n
nSince the outbreak of the financial crisis in 2008, the German version of private equity in the global context has been explosive growth, and now the annual total investment of more than 20 billion euros.n
nAlthough Daimler himself said that Schuldschein, based on the ethertop Square, was unlikely to happen soon, the company’s success had also encouraged German companies to test more use cases.n
nEva-Marie Scholz, senior manager of financial process management at Daimler, said the company’s business units are exploring related use cases.n
nScholz told CoinDesk:n
nn”This process, we can look at the potential of the block chain, for the overall capital market and bank transactions to bring real business model changes.”n
nnMore specifically, Schuldschein is the way companies borrow money from a small group of private investors, and only need to disclose very little information, regulatory requirements are very low, usually borrowing period between 3 and 10 years, the amount can be as high as 500 million euros.n
nDaimler’s first block chain bond is designed to simplify the loan process. For the bond, the automaker is working with the German company Baden-W├╝rttemberg Bank (LBBW) to sell a relatively short-term one-year bond to the savings banks Esslingen-N├╝rtingen, Ludwigsburg and Ostalb.n
nBut for a company that created $ 153 billion in revenue last year, the amount of Schuldscheins sold in a typical year was nothing but a lot of money.n
n”Daimler distributes about 50 to 70 bonds a year,” said Orhan Oezcelik of the Daimler Capital Markets Department. “While we do not expect the block chain to affect the total amount of the issue, this technology can drive more Small deal. “n
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nSimplified Schuldscheinsn
nScholz said the single test was not enough to determine the efficiency gains from the ether-based bond issuance, but there was still much room for improvement in the standard process.n
nIn March 2016, the German bank NORD / LB and Bloomberg-Kurzel jointly published a fixed income research report, elaborated Schuldschein bond legal framework and spread.n
nAlthough this typical Schuldschein transaction is widely considered a streamlined version of the loan, it still needs to submit more than 20 pages of documents for up to 14 weeks, which is not yet counted in the process Administrative services.n
nWhile it has simplified the regulatory requirements associated with bonds, the use of a shared distributed ledger is still able to further streamline this process, while also reducing the “risk of investor risk” that Moody’s credit rating agencies rated last year due to lack of transparency increase”.n
nAccording to the BNP Paribas report, it is true that if the chain-based Schuldscheines becomes a normative, what is the real stake is that the bond issuance increased by 67% to 20.2 billion by 2015 EUR.n
nAnd Moody’s forecast this year’s circulation will once again hit a record high.n
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nBeyond the bondn
nEarlier this year, the Bank also began issuing bonds, asset class to mature enough to carry out subversion. But Daimler did not stop there.n
nAt present, the company’s business units are studying the use cases, including sales, engineering, securities trading, cross-border transport of goods, and perhaps the most promising transaction payment department.n
nAlthough the actual block-chain solution that may eventually be used has not yet been determined (several Hyperledger open source solutions are still under consideration), the next step to take is much more clear.n
nScholz concludes:n
nn”There are also some use cases that we are currently considering to continue to study.”n

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