Core-FX™

DLT powered, Real-time PvP Settlement with no Pre-Funding

Core-FX: Now being used in a live production environment everyday to risklessly settle FX transactions by some of the world’s largest financial institutions
Automated and configurable netting and PvP settlement extended across all currencies and counterparties

Reduce FX settlement risk. Improve intraday liquidity. Build with optionality

FX is changing. FX settlement risk is gaining growing regulatory attention, market volatility and cost pressures continue to increase, whilst corridors offering emerging market opportunities remain inaccessible. These factors compete for attention as banks prepare for 24/7 trading, T+5 min settlement and the need to process and settle the new universe of digital assets now firmly on the horizon.

The industry’s innovators are now exploring Core-FX, built using interoperable distributed ledger technology (DLT), as a practical and flexible solution. With Core-FX banks can really take control with greater transparency and unfettered access to more secure and efficient FX settlement processes.

The result: With Core-FX firms can achieve improved risk, liquidity, funding and credit management today. Along with using technologies that will provide much needed optionality as they build the bank of 2030.

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NETTING: Solving operational challenges with Baton’s CORE technology
How to avoid nostro account overdrafts or holding excess balances through more effective liquidity management

Core-FX: Take control with real-time riskless interbank settlement with no pre-funding

Baton’s Alex Knight, Head of EMEA, introduces and demos Core-FX, Baton’s PvP settlement solution, designed to reduce FX settlement exposure.

Core-FX puts you in the driving seat, with full control, you’re able to achieve settlement finality, with access to a choice of payment and netting strategies. You can settle multiple times a day, choose what you net or settle gross, whether you split payments and the time you settle.

And there’s no pre-funding: You fund when you choose to settle and complete the settlement process in less than 3 minutes - so your assets are not tied up unnecessarily.


Watch this video to learn more about Baton Core-FX


THESTATISTICS

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Latest Announcements:

Baton Systems’ technology powers the world’s first interbank riskless settlement outside of CLS
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Wells Fargo and HSBC Establish Bilateral Agreement to Settle FX Transactions Through a Blockchain-based Solution
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Baton Systems Commits to Updated FX Global Code and Extending Access to PvP Settlement
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Baton Systems wins: “Best Settlement Initiative” at the FX Markets e-FX Awards 2021
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THE PLATFORM

Immediate and on-demand, secure PvP settlement for real assets, held in real accounts at commercial banks

Governed by the Baton Rulebook, Core-FX extends the benefits of PvP settlement across all currencies (including emerging market currencies) and counterparties – enabling banks to take control and settle transactions on-demand and immediately with settlement finality. With Core-FX:

  • FX settlement processes that previously took 24 hrs can be completed in 3 minutes
  • FX settlement participants can choose how and when they net, or if they want to settle in gross, with access to automated configurable payment netting capabilities
  • FX settlement participants can pre-agree when they settle and do so multiple times a day – without the liquidity and funding constraints pre-funding introduces
  • FX settlement participants can align settlement timeframes with corresponding liquidity events – allowing for more effective use of funding
  • Previously opaque processes can be monitored with full transparency and, because we use DLT technology, with a single source of truth
  • Nostro accounts can be managed with full transparency enabling improved intraday liquidity usage

All of which can be achieved without the need to immediately replace existing systems, processes and communication rails.

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See Baton Core™ in Action - Book a Demo with our team Today!

Learn about Baton's CORE solutions for Liquidity, Payments and Collateral Management

Core-Liquidity™

With Core-Liquidity, asset ownership can be transferred in real time, on demand, 24/7, in a legally enforceable way.

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Core-Payments™

Core-Payments operates across product silos. Business-defined rules provide complete control and visibility over payments and settlements.

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Core-Collateral™

With Core-Collateral, FCMs and CCPs can automate and optimise collateral holdings and expedite the movement of cash and securities.

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BENEFITS:

Reduce Settlement Risk

On-demand and immediate access to PvP settlement and automated netting facilities

Reduce Costs

Lower intraday liquidity usage, reduce overdraft fees and the need for credit facilities.

Real-Time Acces

Settle FX trades in under 3 minutes and gain immediate access to the funds that you are due to receive.