Reduce counterparty settlement risk Extend FX netting and PvP settlement Across all currencies and counterparties
Settling $billions everyday
With Core-FX you can:
- Eliminate Herstatt risk – extend PvP across all currencies and counterparties
- Choose if, how and when you net with flexible, configurable payment netting
- Settle on-demand and immediately multiple times intraday – without pre-funding
- Align settlement timeframes with liquidity events, for more effective use of funds
- Reduce 24hr FX settlement processes to a matter of minutes and release available liquidity
- Eradicate time-consuming reconciliation processes with DLT’s single source of truth
- Improve intraday liquidity usage with full nostro account transparency
All without the need to immediately replace post trade legacy systems, processes or communication rails
Watch Core-FX in action
Take control of post-trade with unfettered access to automated FX payment netting integrated with PvP settlement
BENEFITS:
Access the ability to safely settle cross-border payments via PvP across all currencies, with all counterparties and complete the settlement process in minutes.
Improve intraday liquidity
Lower intraday liquidity usage, more effectively manage nostro accounts, reduce overdraft fees and the need for credit facilities.
Flexible and completely configurable, automated bilateral FX payment netting, on a currency pair basis, that's fully integrated with on-demand PvP settlement.
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
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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.
