What is a license repository?

A license repository contains information about the SFTP/FTP server that is used by your network functions (for example, VSR-I) to obtain their license key files. This information is used by the CLM to connect, log in, and manage license key files that the CLM generates and are referenced by the network functions. Once a license repository has been created in CLM, it can be assigned to network functions. When you generate and deploy a license key for a specific network function, the information defined in the license repository assigned to the network function is used for license key management

For a 7x50 SR/XRS network function, the preferred method of license key storage is local storage. See How do I define a network function? for information about setting local storage as the license repository.