Baton News 

Following the announcement of our recent partnership, Baton’s award winning, on-demand FX payment vs payment (PvP) solution, Core-FX, is now being operated by OSTTRA.

The new OSTTRA operated FX PvP settlement orchestration service, continues to be powered by Baton’s distributed ledger technology (DLT), which has successfully and safely settled more than US$8.1 trillion in value to date. Click on the links to learn more about the new service and why we’ve partnered with OSTTRA to accelerate global access to PvP settlement for all market participants.

OSTTRA is a joint venture between S&P Global & CME Group. It brings together CME’s optimisation businesses –Traiana, TriOptima, and Reset – and IHS Markit’s MarkitSERV.

Our new partnership does not impact the operation of our other services and solutions including Core-Payments, Core-Liquidity and Core- Collateral


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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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

Latest Core-FX Interview Videos


The Full FX Interview: Splitting Settlements
The Full FX Interview: Payments Risk
The Full FX Interview: Data Analytics

THESTATISTICS

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Latest Announcements:

OSTTRA and Baton Systems partner to launch FX PvP service, mitigating settlement risk in FX markets
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Baton Systems Triumphs Again, Winning "Best FX Settlement Innovation" at Euromoney Foreign Exchange Awards 2023
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Baton Systems’ DLT Now Risklessly Settling Offshore Yuan Transactions in World First
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Baton Systems wins “Best Settlement Initiative” at the FX Markets e-FX Awards for the second year running
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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 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.

BOOK A DEMO

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.