Real-time Intraday Liquidity Management
Real-time Intraday Liquidity Management
Powered by enterprise-wide real-time data, historic analysis, precision forecasting and intelligent, prioritised payment sequencing – Introducing Baton’s next generation intraday liquidity management solution
Discover how our intraday liquidity management solution could support your treasury team
Optimise Intraday Liquidity Management
Treasury Managers today operate in a world that demands real-time, data-driven decisions, agility and effective controls. However, many struggle to fully leverage real-time data or implement automated, conditional controls to optimise how intraday liquidity is used, reduce funding costs and increase financial resiliency.
To address these challenges, Baton’s modular intraday liquidity management solutions provide Treasury Managers with a real-time liquidity oversight and optimisation platform to monitor and manage cash positions throughout the trading day. Delivering the tools and capabilities required to:
- Enable real-time, enterprise-wide, liquidity monitoring across all payment flows
- Accurately forecast intraday liquidity demands
- Make informed data-driven intraday funding decisions
- Access detailed historic insights, traceability and analysis to identify intraday liquidity drivers
- Implement real-time alerts, early warning indicators and controls
- Rapidly reactivate working capital
- Proactively stress and mitigate intraday liquidity risk
- Monitor and manage liquidity throughput
- Optimise and swiftly adjust intraday liquidity strategies
- Conduct extensive stress testing
Baton’s Intraday Liquidity Management Solution: The Benefits
Reduce Intraday Funding Requirements
With a real-time, enterprise-wide view of all available liquidity sources, treasury managers can quickly and easily identify and redeploy recently reconciled assets to reduce borrowing needs. Treasury Managers can also accurately forecast intraday funding requirements and their impact on liquidity positions, and action recommendations for optimal outbound payment sequencing to avoid a liquidity shortfall.
With the ability to accurately predict, proactively manage and control liquidity demands using Baton’s intraday liquidity management solution, Treasury Managers can more effectively stabilise intraday cash flows and reassess the size of the intraday liquidity buffers.
Improve Intraday Liquidity Risk Management
Adopt a dynamic liquidity control system to proactively address intraday liquidity challenges and maintain financial stability. With Baton’s intraday liquidity risk software banks can implement the real-time risk assessment tools and controls required to identify and mitigate potential intraday liquidity shortfalls. Benefit from capabilities including real-time enterprise-wide liquidity position monitoring, precision forecasting, real-time alerts, early warning indicators and controls, smart payment sequencing and extensive stress-testing and scenario building abilities.
Download our white paper ‘Managing Intraday Liquidity Risk‘ to learn more..
More about the benefits of Baton’s intraday liquidity management software:
Proactively Manage Intraday Liquidity Demands
Leverage advanced liquidity analytics applications to gain insights into cash flow patterns, accurately forecast inbound payment timings and their projected impact on intraday liquidity. Then automatically optimise liquidity usage by intelligently sequencing outbound obligations to stabilise liquidity flows.
Take Control of Intraday Liquidity Stress
As markets change, quickly and accurately forecast how stressed conditions will impact intraday balances. Then use automatically generated smart sequencing recommendations to minimise potential shortfalls.
Real-time, Enterprise-wide Liquidity Monitoring
Implement an automated intraday liquidity monitoring solution and achieve visibility and control over financial resources with a 360-degree real-time view of all balances, credit facilities, exposures and obligations across the entire organisation via a single dashboard.
Smart, Automated and Controlled Payment Orchestration
Automatically orchestrate the scheduled release of payment instructions based on your required conditions – such as time, priority order, or other dependencies, such as current fund availability.
Automate Netting Calculations and Splitting Settlements
Automate netting calculations and affirmations of netted settlement amounts reducing manual intervention and enabling netting across multiple asset classes. And use smart, collaborative workflows to automatically split settlements into agreed shapes defined by the specific rules mutually agreed with your counterparties.
Analyse Counterparty and Business Line Liquidity Consumption
Using Baton’s Balance Manager, analyse time-stamped liquidity profiles across customers, legal entities, products, and funding sources to assess how, for example, individual counterparties impact liquidity availability across business lines.
Trace and Analyse Factors Impacting Intraday Liquidity
Drill down into individual liquidity flows, trace liquidity influencing factors and use data-driven insights to predict cash ladders and increase understanding of client behaviours in times of market stress.
Enhance Liquidity Stress Testing
Power extensive stress testing capabilities with real-time data and predictive analytics to evaluate and plan how intraday liquidity could be effectively stressed to increase financial resiliency in adverse conditions.
Discover the Benefits Baton’s Technology Offers to Treasury Managers
Watch to Learn About the Technology Behind Baton’s Modular Intraday Liquidity Management Solution
Contact our Experts
To learn more about our post-trade solutions, please provide your details and one of our experts will contact you shortly
Mitigating Post-Trade Risk
Transform Your Firm’s Ability to Proactively Mitigate Post-trade Risk
Would your firm’s counterparty, payment, liquidity and operational risk management controls withstand regulatory scrutiny?
As risk managers grapple regulatory and internal pressures to more effectively manage and mitigate post-trade risk in a changing environment, the only constant appears to be the perpetual restrictions generated by their legacy and siloed systems and processes.
Designed to liberate banks from legacy constraints, Core-Payments enables risk managers to achieve their nirvana and effectively and proactively identify, assess and mitigate risk with complete real-time visibility and control.
Read on to explore the configurable no/low code rules and robust controls risk managers can automatically instigate to mitigate risk across all payment flows and business lines.
Introducing Baton’s no-code payment hold and release rules – just one of the ways Core-Payments provide risk managers with effective payment controls
Robust Controls Across All Payment Flows and Business Lines to Mitigate Post-Trade Risk
Core-Payment’s configurable no/low code rules and robust controls empower risk managers to mitigate risk across all payment flows and business lines, with the ability to:
- Create low-code risk controls powered by real-time, aggregated, payment data and analysis
- Orchestrate the automated, controlled and safe release of settlements on a firm-wide basis
- Control the release of payments across all channels with configurable and auditable no-code hold and release payment controls
- Automatically adjust risk management strategies and controls in real-time in response to intraday developments
- Stress counterparty and liquidity conditions quickly in order to understand your firm’s resiliency based on the realistic factors that could have a material business impact. These are rules and controls available through Core-Payments
Core-Payment's Risk Controls in Action:
Mitigate Counterparty Risk
Safely settle transactions on a payment on payment (PoP) basis, ensuring counterparty payments are only released once their obligation has been fulfilled. With Core-Payments you can orchestrate the controlled and safe settlement of all transactions using smart and automated workflows, powered by real-time payment intelligence and governed by the low-code rules and conditional controls you specify.
Mitigate Payment Risk
Manage wholesale payment risk at scale with Core-Payment’s no-code hold and release rules. Strengthening operational resilience across the entire payments process, our no-code rules enable risk managers to immediately stop and control the release of all required payments and settlements. These highly configurable, automated and robust no-code hold and release payment controls can be quickly created and instantly implemented across all business areas and payment flows.
Mitigate Operational Risk
Replace manual processes with automated and simplified payment and settlement processes across client and business silos powered by collaborative, automated workflows. Using real-time data generated by the continuous reconciliation of settlements, operations managers are alerted in real-time to pending and realised settlement breaks. Via their real-time dashboard they can then access the information needed to more quickly resolve operational bottlenecks and fails.
Blog Post: Mitigating Counterparty Risk: Harness the Power of Real-time Reconciliations
Blog Post: Transform Your Firm’s Ability to Mitigate Payment Risk With On-Demand Rules
How Core-Payments Mitigates Post-Trade Operational Risks, Elevates Efficiency, and Reduces Costs
Learn How Core-Payments Enables Banks to Identify, Assess, and Mitigate Risks Effectively
Post-trade Risk Management: Core-Payments For Risk Managers
Managing Post-Trade Risks
Transform how you firm identifies, assesses and manages post-trade risks using Core-Payments® to achieve complete visibility and control across the entire operational lifecycle, wholesale payments process and all business silos.
Real-time, Effective and Proactive Post-trade Risk Management and Control
Managing and controlling counterparty, operational, payment and liquidity risk, whilst balancing pressures to reduce costs and enable new revenue opportunities often presents significant challenges. Restricted by siloed systems and processes, delayed access to critical information, and a lack of automation, many risk managers struggle to put in place the processes and capabilities necessary to quickly identify, assess and mitigate risks – whilst retaining business efficiencies and competitiveness.
Designed to liberate risk managers from legacy constraints, our low-code, cloud-based Core-Payments solution enables capital market firms to consistently, effectively and proactively manage post-trade risk in real-time with complete visibility and control across all payment flows and business lines.
Introducing Baton’s no-code payment hold and release rules – just one of the ways Core-Payments provide risk managers with effective post-trade payment controls
Post-trade Payment Risk Management
Identify. Assess. Mitigate.
Identify:
- Be immediately notified of emerging risks with low-code real-time alerts – configured based on your criteria and thresholds
- View consolidated data sourced from multiple systems and sorted into your preferred framework using our real-time no-code dashboards
Assess:
- Focus your expertise on managing risk rather than attempting to gather the data required to do so
- Make informed decisions with easy access to real-time and time-stamped historical post-trade data revealing all state changes up to and including payment
- Assess financial resilience by stress testing for the unexpected and use predictive analytics to visibly expose potential risks and evaluate their impact
Mitigate:
- Create low-code risk controls powered by real-time, aggregated, payment data and analysis
- Orchestrate the controlled and automated release of safe cash settlements on a firm-wide basis
- Immediately control the release of all selected payments across all channels with no-code hold and release payment controls
- Automatically adjust payment risk management strategies and controls in response to intraday developments in real-time
Discover Baton’s Real-Time Intraday Liquidity Management Tools
Core-Payments Benefits:
For Risk Managers
Reduce Counterparty Risk
Be immediately alerted to and access on-demand real-time payment information to identify, assess and mitigate settlement risks. Then safely settle on a payment on payment (PoP) basis, implementing automated, conditional controls to ensure counterparty payments are only released once the counterparty has fulfilled their obligations.
Reduce Liquidity Risk with Enhanced Financial Resilience
Monitor and manage intraday liquidity in real-time, set low-code alerts to allow for the instant identification of issues. Assess the impact with access to real-time funding balances, available liquidity, exposures and payment forecasts. Then automatically adjust the sequencing of outbound payments to mitigate risk and avoid a liquidity shortfall. Furthermore, stress liquidity by currency or counterparty to enhance financial resilience.
Increase Capacity and Productivity Without Increasing Risk
Enable capacity growth without increasing risk by replacing manual processes with automation to enforce core policies without the need for exceptional approvals. Expand your market footprint by deploying automated safe-settlement via payment on payment (PoP). All powered with Baton’s cloud based technology.
Reduce Payments Risk
Immediately identify the “live” status of payments and receipts with any given counterparty and accurately assess the level of exposure. Then mitigate payment risk by quickly creating, and instantly activating, no-code payment rules to stop and control the release of all required payments and settlements across all business lines and payment flows.
Enhance Payment Supervision
Activate configurable real-time alerts and via Baton’s dashboards view consolidated data sourced from multiple systems and sorted into your preferred framework, in real-time, related to counterparty and liquidity exposures and operational data. Furthermore, our standardised workflow for handling exceptions includes an auditable approvals process.
Reduce Operational Risk
Replace manual processes with automated and simplified payment and settlement processes across client and business silos powered by collaborative, automated workflows. Be alerted in real-time to pending and realised settlement breaks and identify via your real-time dashboard operational bottlenecks and fails across all business silos and payment flows so resolution can quickly commence.
Core-Payments® Achieve Complete Visibility and Control
Insights
Webinar Video: Managing Operating Risk and Event Risk in Financial Markets
Contact our Experts
To learn more about our post-trade solutions, please provide your details and one of our experts will contact you shortly
Optimising Post-trade Operations
Optimising Post-trade Operations
Discover how Core-Payments® could help your firm to enhance risk management and control across the entire post-trade process, empower your business to scale and introduce a new level of efficiency with automated, configurable workflows powered by real-time payment data.
Automate and Increase Netting to Drive Post-Trade Efficiencies
Systematically Mitigate Post-trade Operational Risks, Elevate Efficiency and Reduce Operational Costs
Outdated and costly post-trade payment and settlement processes, often requiring manual intervention, generate significant challenges for post-trade operations. With limited oversight, a lack of real-time payment information and siloed payment controls, operations managers often struggle to proactively and systematically mitigate emerging operational risks, drive efficiency programs and effectively reduce operational costs.
Designed to enable post-trade operations to overcome these limitations, Core-Payments:
- Automates operationally intensive processes – powering configurable workflows with real-time data to reduce operational risk, increase capacity, generate efficiencies and cost reductions.
- Provides complete oversight across the end-to-end payment and settlement process and access to real-time payments intelligence.
- Equips firms to proactively reduce payment risk with the ability to instantly implement consistent firm-wide payment controls.
- Empowers users to automate safe-settlement via payment on payment (PoP) mechanisms with the ability to configure and control the release of payment instructions.
Core-Payments: Bringing structure, consistency, control and auditability to the post-trade operational management of payment functions.
Real-time Payment Reconciliations • Automated Configurable Netting • Automated Pre-Settlement Affirmations • Automated Settlement Splitting • Real-time Payment Insight • Firm-Wide Payment Hold and Release Controls
Increase Financial Resilience and Decrease Funding Requirements with Baton’s New Real-time Intraday Liquidity Management Capabilities
Core-Payments Benefits:
For Operations Managers
Learn more about the benefits that Core-Payments offers Operations Managers below.
Enhance Supervision and Risk Management with Real-time Alerts and Dashboards
Continuously reconciling payments as they’re sent and received, users are alerted in real-time to developing situations and can access configurable dashboards detailing settlement obligations, exposures and operational data. This allows fails to be quickly identified, and exceptions managed with greater oversight and increased control via an auditable process.
Build Scalable More Productive Post-trade Operations and Increase Capacity
Standardise and streamline time-consuming manual processes with automated, collaborative workflows powered by real-time data, configurable rules and controls – processes including real-time payment reconciliations, netting, pre-settlement affirmation, settlement splitting and orchestrated, controlled payment on payment (PoP) settlement.
Reduce High Intensity Manual Workloads in Times of Market Stress
Providing instant access to the real-time status of all payments and the ability to immediately instigate firm-wide payment control rules, operational teams can easily instigate remedial actions without the high volume of manual work typically activated today in times of market stress. With Baton’s no-code rules, users can quickly identify and manage the controlled release of outbound payments and all required approvals.
Reduce Post-trade Operational Risk and Costs
Automate and simplify payment and settlement processes across client and business silos to reduce errors and associated costs with Baton’s collaborative and automated workflows. Benefit from real-time alerts and reports warning of pending and realised settlement breaks. Enable the controlled retirement of expensive legacy technologies.
Improve Client Satisfaction and Expand Counterparty Coverage
Introduce flexible and automated post-trade processes that more effectively meet client requirements. Expand counterparty coverage by deploying automated safe-settlement via PoP. Enrich client relationships with online tools and incorporate processes to support new products and processes faster. Identify and resolve client issues with easy access to post-trade data and the real-time status of payments.
Enable Liquidity Savings
Build the operational infrastructure to enable liquidity managers to access real-time and historic time-stamped payment data and orchestrate the controlled release of payment instructions based liquidity management strategies such as releasing payments at a specific time, by priority order or when a dependency is met, such as fund availability.
Learn More About How Core-Payments Supports Post-trade Operations
Latest Insights
Contact our Experts
To learn more about our post-trade solutions, please provide your details and one of our experts will contact you shortly
Real-time Wholesale Payment Risk
Managing Wholesale Payment Risk in Real-time
Immediately stop and control the release of all required payments and settlements in times of market stress with our Core-Payments® solution
Configurable, automated and robust no-code hold and release payment controls – quickly created and instantly implemented across all business areas and payment flows
Manage Payment Risk and Settlement Failures
Market participants and policy makers are increasingly focused on wholesale payment risk management. In times of market volatility or when a counterparty becomes a concern, just one erroneous payment could result in existential risk.
However, managing wholesale payment risk on a firm-wide basis can prove technically challenging and operationally intensive. Payments are generated by diverse business areas and across various flows governed by siloed applications controlled at the business level.
Enabling banks to manage wholesale payment risk at scale, Core-Payment’s no-code hold and release rules introduce a new level of control. Strengthening operational resilience across the entire payments process, our no-code rules can be configured to immediately stop all required payments from being executed across all business areas and flows.
Core-Payment’s no-code rules provide yet another example of how Baton Core’s interoperable and extensible business-led design enables banks to put in place smart and highly configurable workflows and effective controls.
Baton’s No-Code Rules: Manage Payment Risk
The Benefits
Reduce Settlement Failures with Robust Payment Controls
Core-Payment’s no-code hold rules can be quickly and easily created or modified. Configurable at a counterparty, currency, value and date level these rules enable users to immediately stop all payments and settlements that meet the required criteria, from being executed across all business lines and payment flows.
Informed and Controlled Payment Release
Reconciling inbound and outbound payments in real-time, on a statement vs ledger basis, users can access real-time payments intelligence and understand if their counterparties have met their obligations. Armed with this intraday insight, users can then effectively manage the structured release of payments and settlements using configurable rules.
Improve Operational Resilience with Controlled Payment Release
Our no-code rules can be configured to manage the release of held payments and settlements, and the levels of approval required by personnel. Users also have access to full visibility of queued and released payments.
Systematically Manage Payment Risk at Scale with Automation
Core-Payment’s no-code rules allow firms to put in place robust payment controls in a systematic, automated and scalable manner. Eliminating the bursts of high intensity, manual processes that are typically activated today in times of market stress – no-code hold rules can be instantly and automatically applied in a consistent manner across all business areas and payment flows.
Quickly Create Configurable Rules without Technical Support
Core-Payment’s hold and release rules don’t require code changes. They can be quickly and easily created by business users via the Baton Core-Payment UI without the need for technical support.
Access the Full Audit Trail of Released Payments
Once payments have been released, users can access a full audit trail of the approvals granted authorising these actions.
Access more resources: Mitigating Payment Risk
Contact our Experts
To learn more about our post-trade solutions, please provide your details and one of our experts will contact you shortly
Life @BatonSystems
Life @BatonSystems
Interested in finding out what it's like working at Baton? Please find below just some of the activities and events that our amazing team members have participated in over recent months.
SIFMA Ops, San Diego - Sept 24
We’re excited to attend the SIFMA Ops 2024 event in San Diego, with our team members Ronn Baker and Arjun Jayaram representing Baton Systems. The event has put operations in the spotlight, highlighting how firms are adopting automation, innovation, and technology to streamline processes and drive strategic advantages.
Onam Celebration at Chennai Office - Sept 24
We had a wonderful time celebrating Onam at our Chennai office! The day was filled with laughter, team spirit, and festive joy, as we enjoyed beautiful traditional decorations and fun activities. Thanks to Sonia Bathija and Ananth Ramakrishnan for their support in making the celebration special!
PostTrade 360° Nordic, Stockholm - Sept 24
We were thrilled to attend the PostTrade 360° Nordic event in Stockholm. Arjun Jayaram and Alex Knight from our team were there, and Arjun also participated in the panel discussion, ‘The Tools Out There to Nail the Settlements.’ The panel covered important topics like standardisation, moving away from legacy tech, ISO 20022, matching, netting, and more—key elements in shaping trade lifecycles and settlements.
FX Market’s e-FX Awards, London - July 24
We are delighted to have participated in this year’s FX Markets e-FX Awards, where the FX PvP settlement orchestration service powered by OSTTRA and Baton Systems was recognised as the Best Settlement Initiative. Our Director of Business Development and Client Success, Ragu Raymond, attended the event and received the award alongside OSTTRA.
FIA BOCA, BOCA Raton - Mar 24
We were excited to attend FIA BOCA in Boca Raton again this year, our Founder and CEO, Arjun Jayaram, along with Head of Business Development and Client Success, Tucker Dona, and Senior Director of North American Sales, Ronn Baker, represented the company and discussed how Baton Systems helps firms automate and optimise collateral management.
International Women's Day Celebration - Mar 24
On International Women’s Day, we celebrated the amazing women who contribute to Baton’s success daily with events in our India office.
Baton's UK Team Holiday Party - Dec 23
Baton’s UK team came together to celebrate the holiday party, creating a joyful atmosphere filled with laughter, camaraderie, and the spirit of the holidays.
The Digital Dollar Project, Washington - Nov 23
We were delighted to attend the Digital Dollar Project’s event in Washington this year. Our team members, Ronn Baker, and Ravindra Madduri attended and led a fireside chat, discussing how Baton Systems’ suite of DLT-based solutions enable wholesale market participants to safely expedite the movement of assets and securities.
The Full FX, London - Nov 23
We were delighted to attend The Full FX event in London this year. Our Head of Sales and EMEA, Alex Knight, participated as a panelist in a discussion on ‘Delivering Solutions to T+1,’ moderated by Colin Lambert. They explored the challenges and solutions of T+1 settlement.
AFME’s OPTIC, Brussels - Oct 23
We were thrilled to attend AFME’s OPTIC in Brussels this year. Our team members, Alex Knight and Alistair Griffiths, attended and exhibited at this event. It provided a great opportunity to catch up with existing clients and meet new contacts across the industry.
FIA EXPO & The FullFX Events, Chicago - Oct 23
We were excited to attend both the FIA EXPO and The FullFX events in Chicago. Our Founder and CEO, Arjun Jayaram, along with the Baton Team, participated in the events. Arjun was a panelist in a discussion on ‘The Real FX Revolution – Behind the Trade’ at The FullFX event. These events provided us with valuable opportunities to connect with our clients and prospects.
SIBOS, Toronto - Sept 23
We are delighted to have attended SIBOS 2023 this year. Our Senior Director of North American Sales, Ronn Baker, represented Baton Systems at this prestigious industry event. With his wealth of knowledge and expertise in the industry, Ronn actively engaged with industry professionals, networked, and explored opportunities for collaboration.
Mohammad Abidi, Tucker Dona & Ravindra Madduri visit Baton's India office - June 23
ISLA Conference, Lisbon - June 23
The Euroclear Collateral Conference, Brussels - May 23
We are thrilled to have the opportunity to participate in the annual Euroclear Collateral Conference held in Brussels. Our Head of Sales and EMEA, Alex Knight, along with our Director of EMEA Sales, Alistair Griffiths, represented our company at this event. It was a great opportunity to connect with leading industry representatives from the broader collateral world and to benefit from a series of the very interesting and informative presentations and informal discussions.
Fintech Americas - May 23
We were very excited to participate in this year’s Fintech Americas conference in Miami. Our Senior Director of North American Sales, Ronn Baker, represented our company at the event. Ronn witnessed the remarkable innovation shaping a significant part of the world and had the pleasure of meeting many new prospects. The atmosphere was electric, and the influential leaders present showcased their remarkable impact on the region.
FX Markets Asia, Singapore - Apr 23
We are delighted to have participated in this year’s FX Markets Asia conference in Singapore, where our President – Jerome Kemp, Head of Sales and EMEA – Alex Knight and Program Manager – Akila Ramadoss, represented our company. It is with great pride that we announce our success in being awarded the “Best FX Settlement and Risk Mitigation Solution” award. Moreover, we were thrilled to be invited to speak on three panels throughout the event, reaffirming our commitment to sharing our expertise and insights with fellow professionals. We look forward to continuing to push boundaries and deliver innovative solutions to our clients.
FIA BOCA, BOCA Raton - Mar 23
We were excited to attend FIA BOCA in Boca Raton this year, where our Founder and CEO – Arjun Jayaram, President – Jerome Kemp, Head of Sales and EMEA – Alex Knight, Head of Business Development and Client Success – Tucker Dona, and Senior Director of North American Sales – Ronn Baker were all in attendance. In addition to exhibiting at this significant event for the derivatives industry, we had the opportunity to reconnect with current clients and make new connections across the field. Jerome Kemp also took part in a panel discussion on “The Market of the Future.”
International Women's Day Celebration - Mar 23
On International Women’s Day, we celebrate the amazing women who are the backbone of Baton Systems. We are proud of our highly talented and motivated team, who are driving significant impact in our company. Our women employees are integral to the success of Baton Systems, whether in software engineering, product management, operations, or HR. We extend our appreciation and gratitude to all the women at Baton Systems for their unwavering dedication, hard work, and invaluable contributions. Your unique perspectives, expertise, and talent help us foster innovation and attain our goals.
Baton's Intern Group - Feb 23
Baton Systems is thrilled to welcome our largest intern group, consisting of talented individuals from Government Engineering College, Thrissur, Christ College of Engineering, SRM Institute of Science and Technology, Ramapuram, Anna University-MIT Campus, and Amity University Lucknow Campus. We are proud to have such a diverse and skilled group of individuals join us. Let’s give them a warm welcome to the Baton Systems family!
London Networking Drinks Event - Feb 23
In February, we hosted a successful networking event where our esteemed attendees gathered to socialise over drinks and canapés. The atmosphere was fantastic, and it was great to see everyone enjoying themselves. We would like to extend our sincere gratitude to all who attended, our entire leadership team from Baton who were in attendance and we look forward to more events like this in the future.
Chennai New Office Inauguration - Feb 23
We are thrilled to announce our recent office expansion in Chennai! Our new space is three times larger than before and was officially opened by our Sonia Bathija – Head of Operations and Ananth Ramakrishnan – Head of Engineering. The inauguration was made even more special as we welcomed new interns to the Baton family. With the move to a larger space in London earlier this year, we are excited to be back in the office and ready to enhance in-person collaboration, strengthen relationships with our employees, and start 2023 on a high note. Join us in celebrating this important milestone for Baton Systems!
Baton's Work Week & Mahabalipuram Visit in Chennai - Dec 22
In December, Baton’s Chennai team along with our Founder and CEO – Arjun Jayaram, President – Jerome Kemp, COO – David Ornstein, and Global Head of Sales – Alex Knight, visited one of the famous tourist sites in India called Mahabalipuram, a historic city and UNESCO World Heritage site famous for its shore temples and monuments. The Mahabalipuram team visit was followed by lunch and games at the “Radisson Blu” resort and a wonderful panel discussion by the leadership team. Finally, the day happily ended with a group photo session.
FIA EXPO, Chicago - Nov 22
We were thrilled to attend FIA EXPO in Chicago again this year. Our Founder and CEO – Arjun Jayaram, President – Jerome Kemp, Senior Director of North American Sales – Ronn Baker, and Head of Business Development and Client Success – Tucker Dona, attended. We also exhibited at this important global gathering for the derivatives community, which provided a great opportunity to catch-up with existing clients and meet with new contacts across the industry.
Baton's UK team expansion - Nov 22
We were delighted to welcome our new joiners, Igor Gnyp, Director of Finance, Alistair Griffiths, Director of EMEA Sales, and Narcis Dimuleasa, Marketing Manager, to the Baton family and continue our growth.
Singapore cocktail party - Nov 22
In November, our President, Jerome Kemp, and Global Head of Sales, Alex Knight, caught up with old and new industry friends in Singapore. We were delighted to co-host a great cocktail party to kick-off Singapore Fintech Festival week with Illuminate Financial, Cloudwall, Copper.co, Notabene, and Talos.
Joining BNY Mellon's Singapore fintech panel session - Nov 22
Our President, Jerome Kemp, was invited by BNY Mellon to join a panel discussion at their Singapore offices discussing financial market infrastructure and the benefits of strong collaboration between banks and the fintech community. We were thrilled to participate and join industry leaders to debate this interesting topic during Singapore Fintech Festival week.
SIBOS, Amsterdam - Oct 22
We were delighted that our Founder and CEO, Arjun Jayaram, was invited to speak at SIBOS – an event that brought together more than 10,000 participants in Amsterdam. Arjun Joined a discussion with industry leaders from Microsoft, Bain & Company, Citi, State Street and CLS Group to explore how FX should evolve in a world transforming the way it moves value. Arjun provided an interesting perspective, including explaining how T+0 settlements are not only possible, but here at Baton we have been providing Payment vs Payment (PvP) settlements on a T+0 basis for 3+ years.
Baton's college visits - Aug & Sept 22
During August and September, our recruitment team visited 3 colleges in-person and met virtually with participants at a 4th institute. We welcomed over 1,000 fresh minds to learn about Baton Systems, received applications from over 600 participants and were thrilled to offer places to 40+ fantastic applicants!
Our Founder and CEO, Arjun Jayaram, visits Baton's India office - Aug 22
After a 2 year lockdown induced break, our Founder and CEO was delighted to be back visiting our Chennai office reconnecting with existing colleagues and meeting new joiners in-person. Much fun was had by all across 4 days of valuable face-time, team building activities, food and games.
Our Chennai office reopens - May 22
Baton‘s India team celebrated the reopening of our Chennai office with a team lunch – providing an opportunity for new joiners to meet their colleagues in-person.
"The people at Baton are friendly, enthusiastic and innovative - these are some of the best people I’ve worked with."
– Ragu Raymond, Director of Business Development and Client Success, Baton Systems
Core-Liquidity
Core-Liquidity®
Transfer asset ownership, in real-time, on-demand, 24/7.
With Core-Liquidity® we’re solving the old money problems associated with controlling and tracking the movement of funds with the best in new, ledger technology. Core-Liquidity, allows asset ownership to be transferred in real time, on demand, 24/7, in a legally enforceable way. It’s programmable money on existing payment rails.
Welcome to Baton. Post-Trade. Redefined.
Minimise liquidity usage and funding costs
It’s challenging to track and balance liquidity between entities and some firms find themselves crossing large spreads on interest payments and charges when they’re actually sufficiently funded to avoid these costs.
Core-Liquidity facilitates real-time, friction-free cash movements between accounts. Providing real-time reporting and smart workflows that allow you to optimise the netting and sequencing of cash movements, so they can be matched to your firm’s binding constraints.
Core-Liquidity: Transfer asset ownership in real-time
Alex Knight, Global Head of Sales and EMEA at Baton Systems introduces and demonstrates Core-Liquidity.
Baton's Core-Liquidity is a solution based around a set of wallets that are used to share an underlying cash account with a nostro bank, allowing for real-time frictionless movements of cash.
Watch this video to learn more about Baton Core-Liquidity
THESTATISTICS
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THE PLATFORM
Changes of ownership controlled by your configurations and instructions
The Baton ledger reflects the allocation of asset ownership across a range of sub-accounts or wallets. Changes of ownership are driven through smart workflows, according to the configuration and instructions that you determine.
They’re completely flexible- and enforced by a robust rulebook, ensuring irreversibility and enabling you to achieve settlement finality.
BENEFITS:
Improved Liquidity
See huge improvements in the use of liquidity, at the firm level, with lower funding and capital costs.
Improved Control
Gain real-time reporting and control over the movement of funds between your affiliates.
Improved Performance
Reduce the operational and third-party costs associated with internal cash transfers.
See Baton Core® in Action - Book a Demo with our team Today!
Core-Liquidityat a Glance
Further reading, reference material, white papers and industry articles.
Learn about Baton's CORE solutions for FX Settlement, Payments and Collateral Management
Core-FX®
Safely settle bilateral FX trades, when you want to - immediately and on-demand via PvP.
Core-Payments®
Gain complete, real-time visibility and orchestrated control of all wholesale payments and settlements across all business silos.
Core-Collateral®
With Core-Collateral, FCMs and CCPs can automate and optimise collateral holdings and expedite the movement of cash and securities.
Contact our Experts
To learn more about our post-trade solutions, please provide your details and one of our experts will contact you shortly
Collateral Management Solution – Automate and Improve Efficiency with Core-Collateral
Core-Collateral® - Automate and optimize with Baton's collateral management solution
Leverage real-time balances and eligibility schedules to optimize collateral allocations. Then quickly and efficiently instruct asset movements across 13 major venues – using one collateral management system
5 of the 10 Largest FCMs use Core-Collateral to Optimize and Accelerate their Collateral Movements
Automate and Optimize with Baton's Collateral Management Solution
Optimize your firm’s use of financial resources, decrease buffers, reduce risk, and replace time-consuming, inflexible manual processes with smart, automated collateral management workflows.
With Core-Collateral you can access the real-time normalized information, automated alerts and controls, and streamlined allocation processes you need to be able to make the right decisions faster and act on those decisions quickly and efficiently.
“We’re delighted to help clients find increased efficiencies through improved collateral mobilization in the clearing process.”
Graham Gooden, EMEA Head of Triparty Collateral Management, J.P. Morgan
“We are pleased to have connected to Baton, working together to help clearing members increase the speed in which collateral movements settle.”
Frank Soussan, Global Head of CDS Clear at LCH SA
“Working with Baton, we will be delivering a solution at the leading edge of innovation.”
Victor O’Laughlen, Digital Business Leader at BNY Mellon
Explore the Benefits of Baton’s Collateral Management Solution
Real-time Active Collateral Management
Seamlessly manage posted collateral in real-time, with continuous monitoring and immediate alerts for excesses, deficits, or any changes in your collateral obligations across all connected venues. Stay on top of your collateral status at all times.
Increase Collateral Efficiency
Gain complete real-time visibility into the sources and uses of collateral across all venues, with access to up-to-date eligibility schedules, haircuts, interest rates, and collateral usage fees. Automated rules and alerts help identify inefficiencies instantly, highlighting opportunities to optimize your collateral usage.
Optimize Collateral Allocations
Utilize real-time balance information to optimize the value and composition of your collateral allocations. Automated collateral management workflows and configurable rules automatically select which assets to pledge or recall, allowing you to achieve your goals faster and more cost-effectively. You can also schedule automated asset movements based on specific events or at regular cadences.
Instruct Collateral Movements Quickly and Efficiently
Effortlessly initiate bulk cash and collateral pledge or recall movements in real-time using configurable rules for maximum efficiency. All assets can be mobilized through Baton’s consolidated dashboard offering direct connectivity to CCPs, custodians, and nostro accounts. Simplifying and accelerating time-consuming tasks.
Increase Operational Efficiency and Scalability
Eliminate manual processes with intelligent and scalable automated collateral management workflows governed by configurable rules. Access aggregated, normalized data from connected venues and internal systems in a single, on-demand view. Baton’s streamlined dashboard also now provides a quick-reference summary of key collateral drivers, facilitating faster and more informed decision-making.
Improve Client Service
Gain visibility of the full spectrum of available assets and benefit from on-demand access to venue information – expanding the scope of eligible client assets that can be considered for use. Then, leverage automated rules to efficiently mobilize client collateral, enabling rapid asset recall to enhance responsiveness and service delivery.
Learn Why a Leading US Bank Selected Baton to Streamline, Accelerate and Automate their Collateral Management Processes
Automate and Expedite the Movement of Cash and Securities with Direct Connectivity to 13 Major CCPs (Including the Largest 9*), Custodians and Nostro Accounts
Source: *According to Public Quantitative Disclosures (PQDs) data
Latest Announcements:
Baton reports record demand for real-time collateral management amid volatile year for markets
Baton Systems collaborates with J.P. Morgan to Expand CCP Coverage for Collateral Management Optimization Solution
BNY Mellon and Baton Systems announce collaboration to deliver enterprise collateral optimization solution
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Access More Resources to Learn How Our Core-Collateral Management Software Could Help Your Firm Automate and Optimize Collateral Management Effectively
Latest Insights
Learn about Baton's CORE solutions for FX Settlement, Liquidity and Collateral Management
Real-time Payment and Settlement Control
Reduce funding costs, counterparty and payment risk with real-time payment intelligence and enterprise-wide payment control
Real-time Intraday Liquidity Management
Optimise intraday liquidity use, increase financial resiliency and reduce intraday funding costs with real-time visibility, traceability and control
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
Contact our Experts
To learn more about our post-trade solutions, please provide your details and one of our experts will contact you shortly
Core-Payments - Real-time payment control
Optimise Payment Control with Core-Payments®
Monitor and control payment and settlement flows enterprise-wide in real-time
Proven and being used in production by a tier 1 bank
Mitigating Risk and Optimising Funding Strategies
Banks are under increasing regulatory and internal pressures to minimise risk, optimise cash returns and make smarter funding decisions. Challenged by siloed and fragmented data, and manual post-trade processes many struggle to effectively access, aggregate and analyse the relevant, real-time data to proactively manage risks, increase payment control and optimise returns. This leads to settlements driven by queue order, not safety or optimisation, increasing payment, liquidity, and settlement risks.
The Core-Payments® suite of modules is a scaleable solution designed to help banks manage payments, settlements, and intraday liquidity risks while optimising performance. Leveraging real-time enterprise-wide payments intelligence and detailed historical insights to power smart, automated and customisable workflows, alerts, and controls banks can efficiently execute safer automated, conditional and optimised settlements.
The result: Enterprise-wide payment and settlement oversight, enhanced operational resilience, increased agility, the ability to proactively mitigate risk and optimise funding strategies.
Core-Payments: Optimise payment and settlement flows with real-time insight and control
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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 payment hold and release controls
Discover Baton’s Next-Generation Real-time Intraday Liquidity Management Capabilities
Core-Payments: The Benefits of Real-time Insight and Payment Control
Real-Time Enterprise-Wide Payment Oversight
Achieve unparalleled, real-time visibility of all payment and settlement flows across business silos. Consolidate data from siloed systems into one enterprise-wide view, empowering your team to make informed decisions with precision. Monitor funding balances, counterparty exposures, obligations, and liquidity through intuitive, role-specific dashboards.
Features:
- Real-time data aggregation and normalisation
- Real-time, comprehensive payment state tracking
- Customisable role-based dashboards
Reduce Intraday Funding Costs
Cut intraday funding costs with fully automated release of payments based on real-time payment matching and liquidity visibility, based on your own configurations that can be tested through in-built simulation capabilties. Furthermore, enhanced automated netting capabilities ensure smarter management of balances and improved overall performance.
Highlights:
- Automated real-time payment matching tools for better balance visibility.
- Optimised netting to improve payment timing.
- Reduced idle liquidity and funding needs.
- Smarter payment orchestration for greater efficiency.
Reduce Payment and Operational Risks
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
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 and optimised payment controls such as our leading “Payment-on-Payment” (PoP) workflow. Our rule-driven system uses smart sequencing algorithms to ensure payments are processed safely and under the best conditions. Manage and control counterparty risks with real-time exposure monitoring and context-sensitive alerts.
Highlights:
- Implement Payment-on-Payment settlement logic for riskier counterparties
- Automated payment netting reduces value and volume of trades netted
- Real-time counterparty exposure monitoring
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
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
To learn more about our post-trade solutions, please provide your details and one of our experts will contact you shortly
Core-FX: FX Settlement via PvP
FX Settlement News: Core-FX for PvP Settlement
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.
Why we designed Core-FX for FX PvP Settlement
Mitigating foreign exchange (FX) settlement risk (or “Herstatt risk”) by increasing adoption of payment versus payment (PvP) settlement mechanisms has remained the focus of FX policy makers for many years.
Core-FX was designed and deployed to extend access to PvP settlement for wholesale market participants, enabling bilateral FX transactions to be settled immediately and on-demand via PvP.
While existing PvP arrangements enabled 18 currencies to be eligible for PvP settlement, Core-FX enabled the benefits of PvP for FX settlement to be extended across all currencies (including emerging market currencies) and counterparties, allowing:
- Real assets, held at commercial bank accounts to be settled via PvP
- PvP settlement processes to be reduced from hours to minutes
- FX settlement participants to pre-agree when to settle and do so multiple times a day – without the liquidity and funding constraints of pre-funding
- FX settlement timeframes to be aligned with corresponding liquidity events – for more effective use of funding
- Previously opaque processes to be monitored with full transparency
Following our partnership with OSTTRA, designed to bring new levels of scalability and flexibility to bilateral FX PvP settlement, Core-FX is now operated by OSTTRA.
“Since 2018, HSBC FX Everywhere has used Baton’s Core FX technology to settle 16 million FX trades across 13 different currencies totalling US$8.1 trillion.” Mark Williamson, Global Head of FX & Commodities Partnerships & Propositions at HSBC, March 2024 commenting on the OSTTRA and Baton Partnership
BLOG POSTS
No tokenisation required: DLT-based PvP settlement
The opportunity to settle now - Intraday FX swaps
Why Baton CORE is architected using DLT
DLT, blockchain and financial market infrastructure
The focus on increasing adoption of FX settlement via PvP
Policy makers and industry groups continue to promote increased adoption of PvP settlement to reduce FX settlement risk. Recent examples include:
May 2023: The European Central Bank’s Supervision Newsletter focused on “Sound practices for managing FX settlement risk” stated “Banks should use payment versus payment (PvP) settlement to eliminate principal risk when settling FX transactions, where practicable.”
March 2023: Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) published a report on “Facilitating increased adoption of payment versus payment (PvP)”
July 2021: Principle 35 of the FX Global Code advocates “Market Participants should reduce their Settlement Risk as much as practicable, including by settling FX transactions through services that provide PVP settlement where available.”
Core-FX from inception to today
2023
- BIS CPMI report identifies Baton Systems’ Core-FX as the only live FX PvP service (in March 2023), of the companies that had responded to the 2021 public call for ideas on potential approaches to increase adoption of PvP
- Baton Systems wins “Best FX Settlement Innovation” at Euromoney Foreign Exchange Awards 2023
- Baton Systems wins “Best FX Settlement and Risk Mitigation Solution” at the FX Markets Asia FX Awards
2022
- Core-FX settles bilateral CNH FX transactions on a PvP basis
- Baton Systems wins “Best New Technology Introduced Over The Last 12 Months – Trading, Risk and Compliance” at the American Financial Technology Awards for Core-FX
- Baton Systems wins “Best Settlement Initiative” for the second year running at the FX-Market e-FX Awards 2022
- Baton Systems’ wins award for its distributed ledger technology at the Sell-Side Technology Awards 2022
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Latest Announcements:
OSTTRA and Baton Systems partner to launch FX PvP service, mitigating settlement risk in FX markets
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
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®
Gain complete, real-time visibility and orchestrated control of all wholesale payments and settlements across all business silos.
Core-Collateral®
With Core-Collateral, FCMs and CCPs can automate and optimise collateral holdings and expedite the movement of cash and securities.