Solutions

Infrastructure for every side of the transaction

CBGM is organised around what each participant does in a transaction, not around a product catalogue. The auction, the record and the lifecycle tools are shared. What changes is the role you hold in them.

Issuers

Access market-based pricing

Investors

Bid as a price maker, not a price taker

Banks and dealers

Run distribution on shared rails

Liquidity providers

Supports the market

01 · Issuers

Access market-based pricing

Investors bid, and the market sets the rate. Coupon rates on floating rate structures reset through the Digital Dutch Auction instead of by negotiation, and every issuer sees the bids the level came from.

Talk to the team

Document repository

Bond counsel, rating agencies, banks and regulated local partners access the same transaction documents and deal status on the platform.

Competitive pricing

Bids compete in a single book. The Digital Dutch Auction sets the clearing rate from the bids received, so the rate reflects the demand in the book.

Reset automation

Scheduled coupon resets on floating rate structures run through the Digital Dutch Auction and are applied by the platform. Every participant sees the inputs the new rate was set from.

Cross-border reach

The digital network is designed to open an issue to global participation through regulated partners in each market.

02 · Investors

Act as a price maker

Investors bid the rate they will accept rather than taking a rate that has been set for them. Institutional investors are invited to onboard as subscribers and participate in upcoming Digital Dutch Auctions, free of cost.

Onboard as a subscriber

No subscription or transaction fees on the buy side

Access to auctions, market data and the platform carries no cost to the investor.

Full visibility into the book

Real-time demand, full bid ranges and signs of over-subscription, rather than an indication relayed by a third party.

Portfolio and blotter view

Trade history, holdings and risk across asset classes in one real-time dashboard.

Audit trail on every fill

Every fill carries the basis on which it was made, so it can be reviewed rather than assumed.

03 · Banks and dealers

Distribution on shared rails

CBGM works through regulated local partners in each market. Banks and dealers keep their mandate and their client relationships, and run the mechanics of the transaction on shared infrastructure.

Discuss a partnership

Auction administration

Terms, windows, bid intake and allocation handled by the platform, with the record returned to every party.

Onboarding support

Hands-on configuration for each issuer and investor a desk brings onto the platform.

API integration

Cloud-based and API-ready, so the platform fits an existing institutional workflow rather than replacing it.

Secondary support

Remarketing and secondary trading tools once a security is live, on the same venue as the primary auction.

04 · Liquidity providers

Supports the market

Liquidity providers work on the same platform as the auctions and resets they support. Providers see the same book, the same resets and the same record as every other participant.

Talk to the team

Support where it is needed

Liquidity providers can support the market when demand and supply for a specific credit do not match.

One workflow, one system

Auctions, resets and secondary activity run on the same system, so a provider works in one place rather than across several.

Reset visibility

Recurring rate resets are calculated on platform, so exposure is priced against a published record.

Market depth data

Live pricing, volume trends and depth across the securities a provider supports.

Instruments

What the platform is built to support

Floating rate structures, commercial paper and market trading are built and available in the platform today.

VRB

Floating rate products

Long-term borrowing with coupon rates reset through the Digital Dutch Auction rather than by negotiation, supported by an integrated liquidity facility. Recurring resets are calculated and applied on platform.

Commercial paper

Traditional short-dated paper issued on digital infrastructure. Set the terms, allow trading, and run a transparent auction to reach a price quickly.

Secondary

Secondary market trading

A venue where participants post and view interest in securities they hold or seek, alongside a real-time blotter, portfolio view and market depth data.

Availability varies by market and is subject to regulated local partners.

Shared capabilities

Available to every participant

Platform in detail

Onboarding

Hands-on support to configure each issuer and investor for the platform.

Dutch auction engine

Real-time price discovery through competitive bidding.

Reset tools

Recurring rate resets calculated and applied on platform for standardisation.

Blotter and portfolio view

Trade history, holdings and risk across asset classes in real time.

Market analytics

Live pricing, volume trends and market depth, with historical series alongside.

Secure API access

Cloud-based, API-ready and built to sit inside institutional workflows.

Contact

Request an Introduction

Get in touch and the team will point you to the right people.

Request an Introduction

info@clearbidmarkets.com

New York, NY