Real-time Payment Control Across Settlements
Core-Payments®: Control outgoing payments, settlement activity and intraday liquidity risk
Proven and being used in production by a tier 1 bank
Outgoing Payment Control
Effective payment control is critical to reducing settlement risk, optimising liquidity use and supporting business growth. Yet siloed, fragmented data and manual processes often lead to settlements driven by queue order rather than safety or optimisation – increasing payment, liquidity and settlement risks.
Core-Payments® enables institutions to achieve real-time control over the release of payment instructions using enterprise-wide payments intelligence and detailed historical insights to power smart, automated, rule-driven workflows.
The result: Safer settlement, improved operational resilience, and smarter funding decisions at scale.
Payment control optimisation and settlement flows with real-time insight
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- Real-time monitoring of funding balances, available liquidity, inbound payments and outstanding obligations for effective data-driven decision making
- Automated, real-time payment matching software (reconciling statements vs ledgers) for increased position accuracy
- Orchestrate automated, optimised and conditional settlements powered by smart payment sequencing
- Drill down to trace granular, time-stamped historical transaction data for quicker identification of an issue’s root causes
- Automated, configurable netting and pre-settlement affirmation increasing efficiency and reducing risk
- Real-time settlement risk exposure metrics alongside current and forecast funding requirements to support proactive decision-making
- Configurable alerts and early warning indicators enabling automated, faster issue escalation and investigation
- Programmable and configurable, instant firm-wide hold and release payment controls
Conditional release of payment instructions for controlled settlements
Core-Payments® gives institutions precise control over when payment instructions are released through configurable, rule-driven settlement logic.
Payments can be automatically held, sequenced, and released only when defined conditions are met – including counterparty fulfilment, real-time exposure limits, funding availability, and settlement dependencies.
Operating as an orchestration layer across existing systems, Baton continuously evaluates real-time data and applies payment release controls in the background. Once all conditions are satisfied, payment instructions are automatically released, enabling controlled and timely settlements.
Key Capabilities:
- Configurable payment holds and release rules: Define firm-wide or counterparty-specific rules governing the release of outbound payments
- Conditional settlement logic: Automatically release payment instructions only when operational process, counterparty risk parameters and liquidity funding thresholds are respected
- Intelligent payment sequencing: Optimise payment timing and order to improve capital efficiency while maintaining settlement control
- Seamless integration with existing payment infrastructure: Orchestrate settlements across existing payment systems, nostro accounts and messaging infrastructure
Improve Risk Management: Payment and Operational
Automate workflows to reduce operational and payment risks with real-time anomaly detection and rule-based configurable payment controls to hold and release payments during periods of market stress. Be alerted to early warning indicators such as historic pattern deviations and trace the complete lineage of individual payments or exposures, drilling down into time-stamped transaction details to identify the issue’s root cause.
Benefits:
- Real-time alerts for delayed or failed payments
- Automated execution of low-code configurable payment hold/release rules
- Quicker issue root cause identification
Learn How to Proactively Mitigate Post-trade Risk with Real-time Visibility
Increase Intraday Liquidity Resilience
Monitor all liquidity positions in real time, accurately forecast and plan for intraday liquidity demands, more effectively meet payment obligations, prioritise outflows and increase financial resiliency even in volatile markets and stressed conditions.
Capabilities:
- Real-Time, enterprise-wide liquidity visibility
- Precision forecasting tools
- Configurable stress testing for higher financial resilience
Reduce Settlement Risk
Reduce settlement risk with automated controls that govern settlement activity and counterparty exposure. Apply Payment-on-Payment (PoP) settlement for selected counterparties to avoid paying away ahead of the corresponding payment being received in non-PvP environments, thereby managing settlement risk. Further manage counterparty risk through real-time exposure monitoring and enforced risk limits across settlement activity.
Highlights:
- Apply Payment-on-Payment (PoP) settlement for selected counterparties
- Enforce counterparty risk limits across settlement activity
- Monitor real-time counterparty exposure and intraday positions
- Automated, context-sensitive alerts for potential or actual failed settlements
Learn more about meeting the FX Global Code’s updated FX settlement risk requirements
Increase Operational Efficiencies
Replace manual processes with smart automated workflows delivering improved accuracy, consistency and efficiency. Real-time validation ensures compliance, while automated payment netting, affirmations, and settlement splitting reduce costs and processing times. Create a scalable, reliable framework that boosts trust and system integrity.
Capabilities:
- Replace manual processes with automated, intelligent workflows
- Streamline and automate netting, affirmations and settlement splitting processes
- Build resilient and adaptable payment operations
Latest Insights
Learn More About How Core-Payments Could Help Your Team
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Learn about Baton's CORE solutions for FX Settlement, Liquidity and Collateral Management
On-Demand FX PvP Settlement
Safely settle bilateral FX trades when you want to and extend the benefits of PvP settlement across currencies and counterparties
Real-time Intraday Liquidity Management
Optimise intraday liquidity use, increase financial resiliency and reduce intraday funding costs with real-time visibility, traceability and control
Automated and Optimised Collateral Management
Increase efficiencies, optimise allocations and expedite asset movements across major venues
Contact our Experts
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