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
Actionable, automated, bilateral 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.
See Baton Core-FX® in Action - Book a Demo with our team Today!
BLOG POSTS
Addressing the Challenges of T+1 with Distributed Ledger Technology
The Future of Post-Trade: Embracing New Technology for Success in the Post-Trade Landscape
Revolutionising Post-trade Workflows Across Asset Lessons
How enhancing your post-trade processes can drive revenues and reduce costs
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
84%
Pretium suspendisse sit arcu eu.
84%
Pretium suspendisse sit arcu eu.
84%
Pretium suspendisse sit arcu eu.
84%
Pretium suspendisse sit arcu eu.
Latest Announcements:
Baton Systems Triumphs Again, Winning "Best FX Settlement Innovation" at Euromoney Foreign Exchange Awards 2023
Baton Systems wins “Best Settlement Initiative” at the FX Markets e-FX Awards for the second year running
Baton Systems’ technology powers the world’s first interbank riskless settlement outside of CLS
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 processing (both the calculation and agreement of netted values) and the safe settlement of those netted values.
- 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.
Core-FXat a Glance
Further reading, reference material, white papers and industry articles.
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.
Core-Payments®
Core-Payments operates across product silos. Business-defined rules provide complete control and visibility over payments and settlements.
Core-Collateral®
With Core-Collateral, FCMs and CCPs can automate and optimise collateral holdings and expedite the movement of cash and securities.
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.