Core-FX

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

Extend netting strategies and PvP settlement across all currencies and counterparties


Reduce 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.

DOWNLOAD OUR USE CASE

Latest Announcements:

Baton Systems’ technology powers the world’s first interbank riskless settlement outside of CLS

FIND OUT MORE

Wells Fargo and HSBC Establish Bilateral Agreement to Settle FX Transactions Through a Blockchain-based Solution

FIND OUT MORE

Baton Systems Commits to Updated FX Global Code and Extending Access to PvP Settlement

FIND OUT MORE

Baton Systems wins:     “Best Settlement Initiative” at the FX Markets e-FX Awards 2021

FIND OUT MORE

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


THE

STATISTICS

84%

Pretium suspendisse sit arcu eu.

84%

Pretium suspendisse sit arcu eu.

84%

Pretium suspendisse sit arcu eu.

84%

Pretium suspendisse sit arcu eu.

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:

  • Settlement processes that previously took 24 hrs can be completed in 3 minutes
  • Settlement participants can choose how and when they net, or if they want to settle in gross, with access to automated configurable payment netting capabilities
  • Settlement participants can pre-agree when they settle and do so multiple times a day – without the liquidity and funding constraints pre-funding introduces
  • 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

See Baton Core™ in Action - Book a Demo with our team Today!

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.

FIND OUT MORE

Core-Payments™

Core-Payments operates across product silos. Business-defined rules provide complete control and visibility over payments and settlements.

FIND OUT MORE

Core-Collateral™

With Core-Collateral, FCMs and CCPs can automate and optimise collateral holdings and expedite the movement of cash and securities.

FIND OUT MORE
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.


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, shared 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.

DOWNLOAD OUR USE CASE

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


THE

STATISTICS

84%

Pretium suspendisse sit arcu eu.

84%

Pretium suspendisse sit arcu eu.

84%

Pretium suspendisse sit arcu eu.

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Pretium suspendisse sit arcu eu.

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.

BOOK A DEMO
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-Liquidity

at a Glance

Further reading, reference material, white papers and industry articles.

VIEW MORE

Learn about Baton's CORE solutions for FX Settlement, Payments and Collateral Management

Core-FX™

Safely settle FX trades, when you want to - quickly and securely. Removing complexity, enabling smart netting and payment strategies.

FIND OUT MORE

Core-Payments™

Core-Payments operates across product silos. Business-defined rules provide complete control and visibility over payments and settlements.

FIND OUT MORE

Core-Collateral™

With Core-Collateral, FCMs and CCPs can automate and optimise collateral holdings and expedite the movement of cash and securities.

FIND OUT MORE

Core-Collateral

Core-Collateral™

Clearing firms post billions of dollars across CCP’s, how it’s handled has a massive impact on profitability. With rising interest rates, it’s more important than ever to ensure your firm isn’t leaving money on the table.

Core-Collateral™ enables FCMs and Custodians to automate and optimise collateral management, and expedite the movement of cash and securities across the major CCPs.

Welcome to Baton. Post-Trade. Redefined.


Increase operational and financial efficiency.
Improve Net Intrest Income.
Gain real-time visibility and control.

Baton’s Core-Collateral solution enables FCMs to overcome the operational burden of manually-intensive and time-consuming collateral management processes.

With Core-Collateral, firms can improve decision making with intraday visibility of their margin obligations, collateral posted and assets available for use.

Be automatically alerted to changes, introduce zero-friction end-to-end workflows for cleared derivatives and configurable rules to optimise allocation.

Then accelerate productivity with the ability to directly connect to the major CCPs and instruct multiple cash and security pledge and recall movements via a single, consolidated interface.

DOWNLOAD OUR USE CASE

Latest Announcements:

Baton Systems adds LCH SA to its expanding CCP network

FIND OUT MORE

Baton Systems Completes Connection to ICE Clear Europe

FIND OUT MORE

Baton Systems Integrates with LCH 

FIND OUT MORE

Baton Teams-Up with Citi to Upgrade Treasury Function

FIND OUT MORE

Core-Collateral: Automation & optimisation

Alex Knight, Global Head of Sales and EMEA at Baton Systems introduces and demonstrates Core-Collateral.

Baton's Core-Collateral solution gives clearing firms real time visibility and control by providing direct, real time interfaces with the main CCPs and custodians.


Watch this video to learn more about Baton Core-Collateral


THE

STATISTICS

84%

Pretium suspendisse sit arcu eu.

84%

Pretium suspendisse sit arcu eu.

84%

Pretium suspendisse sit arcu eu.

84%

Pretium suspendisse sit arcu eu.

THE PLATFORM

Avoid inefficient or excessive collateralisation by monitoring and acting on evolving CCP requirements in real-time

Core-Collateral allows you to make more informed decisions with access to real time, normalised and aggregated data directly from the major CCP's.

With Core-Collateral you can automate the delivery or recall of assets, according to completely configurable predefined rules to optimise allocation.

Rules and alerts run continuously, allowing for real time identification, notification (and remediation) of inefficiencies or potential points of stress.

BOOK A DEMO
BENEFITS:

Improved Control

Increase financial and operational efficiency with real-time visibility and control.

Improve Net Interest Income

Implement decisions quickly and ensure the collateral you post is working as efficiently and effectively as possible.

Improve Financial Efficiencies

Redefine the collateral management process to reduce operational costs, increase capacity and efficiencies.

See Baton CORE™ in Action - Book a Demo with our team Today!

Core-Collateral

at a Glance

Further reading, reference material, white papers and industry articles.

VIEW MORE

Learn about Baton's CORE solutions for FX Settlement, Liquidity and Payments Management

Core-FX™

Safely settle FX trades, when you want to - quickly and securely. Removing complexity, enabling smart netting and payment strategies.

FIND OUT MORE

Core-Liquidity™

With Core-Liquidity, asset ownership can be transferred in real time, on demand, 24/7, in a legally enforceable way.

FIND OUT MORE

Core-Payments™

Core-Payments operates across product silos. Business-defined rules provide complete control and visibility over payments and settlements.

FIND OUT MORE

Core-Payments

Core-Payments™

Complete control of payments and settlements, across business silos.

Core-Payments™ uses business-defined rules that means a payment won’t be made simply because of its position in a queue - but because the intelligence signifies its the right time to do so.

Welcome to Baton. Post-Trade. Redefined.


Transforms payments without imposing new technology on your counterparties

It starts by automating and simplifying the process of agreeing netted settlement amounts. This reduces operational pressure and the risk of errors. We automatically reconcile inbound payments as they are received. This allows a calculation of real time settlement risk exposure, as well as a clear view of current and forecast funding requirements at the currency level.

DOWNLOAD OUR USE CASE

Core-Payments: Delivering control & visibility

Alex Knight, Global Head of Sales and EMEA at Baton Systems introduces and demonstrates Core-Payments.

Baton Core-Payments, a solution which uses business-defined rules to give users complete control over their payments and settlements, across business siloes.


Watch this video to learn more about Baton Core-Payments


THE

STATISTICS

84%

Pretium suspendisse sit arcu eu.

84%

Pretium suspendisse sit arcu eu.

84%

Pretium suspendisse sit arcu eu.

84%

Pretium suspendisse sit arcu eu.

THE PLATFORM

Hold or release payments based on your choice of configurations

Core-Payments is highly scalable and can be integrated seamlessly and non-intrusively with your legacy systems and processes. So implementation is a quick and easy process.

We’ve done the work so you don’t have to.

BOOK A DEMO
BENEFITS:

Never Breach

Avoid ever breaching limits or paying against a failing counterparty.

Never Overdraw

Manage nostros with a level of control, avoiding expensive overdrafts or failed settlements.

Never Worry

And you can do all this with reduced manual input, increased efficiency and productivity.

See Baton CORE™ in Action - Book a Demo with our team Today!

Learn about Baton's CORE solutions for FX Settlement, Liquidity and Collateral Management

Core-FX™

Safely settle FX trades, when you want to - quickly and securely. Removing complexity, enabling smart netting and payment strategies.

FIND OUT MORE

Core-Liquidity™

With Core-Liquidity, asset ownership can be transferred in real time, on demand, 24/7, in a legally enforceable way.

FIND OUT MORE

Core-Collateral™

With Core-Collateral, FCMs and CCPs can automate and optimise collateral holdings and expedite the movement of cash and securities.

FIND OUT MORE

Core-FX

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.

DOWNLOAD OUR USE CASE

See Baton Core-FX™ in Action - Book a Demo with our team Today!

BLOG POSTS


The opportunity to settle now - Intraday FX swaps

The benefits of actionable, automated bilateral netting

NETTING: Solving operational challenges with Baton’s CORE technology


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


THE

STATISTICS

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 wins “Best Settlement Initiative” at the FX Markets e-FX Awards for the second year running

FIND OUT MORE

Baton Systems’ technology powers the world’s first interbank riskless settlement outside of CLS

FIND OUT MORE

Wells Fargo and HSBC Establish Bilateral Agreement to Settle FX Transactions Through a Blockchain-based Solution

FIND OUT MORE

Baton Systems Commits to Updated FX Global Code and Extending Access to PvP Settlement

FIND OUT MORE

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.

FIND OUT MORE

Core-Payments™

Core-Payments operates across product silos. Business-defined rules provide complete control and visibility over payments and settlements.

FIND OUT MORE

Core-Collateral™

With Core-Collateral, FCMs and CCPs can automate and optimise collateral holdings and expedite the movement of cash and securities.

FIND OUT MORE
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.