Core-Payments For Risk Managers

Core-Payments®: Supporting Risk Managers

Transform how your business manages risk – the way you want – with complete visibility and control across the entire operational lifecycle, wholesale payments process, all business silos and processes.

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Real-time, Effective and Proactive 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 without 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 risk in real-time with complete visibility and control across all payment flows and business lines.

Learn how real-time payment reconciliations avoid bank failures


Introducing Baton’s no-code payment hold and release rules – just one of the ways Core-Payments provide risk managers with effective payment controls


Identify. Assess. Mitigate.

Core-Payments: Effectively identify, assess and proactively mitigate risk.

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: 

Core-Payments® Real-time Payments Intelligence


Learn more about the benefits that Core-Payments for Risk Managers offers below.


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.

Reduced 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® Supporting Risk Managers

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 For Operations Managers

Core-Payments® Supporting Post-trade Operations Managers

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.

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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 managers. 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 managers 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 

Automate and Increase Netting to Drive Post-Trade Efficiencies


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 Managers

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 Wholesale Payment Risk Control

Core-Payments®: Real-time Wholesale Payment Risk Control

Immediately stop and control the release of all required payments and settlements in times of market stress

Configurable, automated and robust no-code hold and release payment controls – quickly created and instantly implemented across all business areas and payment flows

Contact our experts


Watch to learn how our no-code rules help mitigate payment risk


Mitigate Payment Risk and Settlement Failures

Market participants and policy makers are increasingly focused on wholesale payment risk. 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.

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.

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.

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"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.

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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

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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.

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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!

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.

FIND OUT MORE

Core-Payments®

Gain complete, real-time visibility and orchestrated control of all wholesale payments and settlements across all business silos.

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

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-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.

Contact our experts

Increase operational and financial efficiency.
Improve Net Interest 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 venues and instruct multiple cash and security pledge and recall movements via a single, consolidated interface.

DOWNLOAD OUR USE CASE

“With Baton we have been able to accelerate our innovation agenda and drive efficiencies throughout our entire clearing process. Our Collateral Management team can now access information in real-time and dynamically manage our inventory of eligible collateral across the network of CCPs we interact with the most, which enables us to better serve our clients.” Mariam Rafi, Managing Director, Americas head of Clearing and FXPB and Global head of Financial Resource Management, Futures, Clearing and FXPB, Citi

Latest Announcements:

Baton Systems collaborates with J.P. Morgan to Expand CCP Coverage for Collateral Management Optimisation Solution

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BNY Mellon and Baton Systems announce collaboration to deliver enterprise collateral optimisation solution

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Baton Systems expands its CCP network by connecting to OCC

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Baton Systems adds LCH SA to its expanding CCP network

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Baton's Core-Collateral solution is connected to 13 major CCPs across EMEA, North America and Asia, together comprising more than 95% of cleared margin posted by U.S. registered FCMs

  • EUREX
  • CME
  • ECC

  • OCC
  • SGX

  • ICE Clear Europe
  • ICE Clear US
  • ICE Clear Credit

  • LCH Ltd – Swapclear
  • LCH Ltd – Forexclear
  • LCH SA – CDS Clear
  • LCH SA – Equity Clear


Core-Collateral: Automation & collateral 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

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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!

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

Core-FX®

Safely settle bilateral FX trades, when you want to - immediately and on-demand via PvP.

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®

Gain complete, real-time visibility and orchestrated control of all wholesale payments and settlements across all business silos.

FIND OUT MORE

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 insight & payment control

Core-Payments® - Real-time payments insight and payment control

Complete, real-time visibility and orchestrated control of all wholesale payments and settlements across all business silos.

Reduce intraday liquidity and funding costs, mitigate settlement risk and decrease operational costs with access to real-time payment insight and actionable analytics so you can automate and control the release of cash settlements on a firm-wide basis.

Proven and being used in production by a tier 1 bank

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Reduce Funding Costs and Settlement Risk with Real-time Intelligence and Payments Control

Relying on outdated, operationally intensive and costly post-trade processes that lack critical real-time payment insight or effective firm-wide payment controls, market participants are often unable to effectively respond to changing market conditions. As a result, intraday funding decisions are taken without an understanding of current payment balances and available liquidity, and outbound payments continue without the reassurance that counterparty payments have been reciprocated. This can generate funding challenges and unnecessary settlement risk exposure.

Core-Payments has been designed to overcome these challenges and bring complete visibility and control to the end-to-end post-trade payment process. Reconciling payments in real-time, Core-Payments provides users with access to the real-time payment intelligence needed to make informed intraday funding, liquidity and risk management decisions and efficiently orchestrate the controlled and automated release of safe cash settlements across all business areas and payments flows.

Core-Payments: Real-time Payment Reconciliations • Real-time Payments Intelligence • Actionable Analytics • Configurable Netting • Automated Pre-settlement Affirmations • Orchestrated and Controlled Payment Release.

Core-Payments: Redefine How You Run Your Payments Business.


Gain Real-time Insight and Control without Imposing New Technology on Counterparties with:

  • Real-time visibility to funding balances and in/outbound payments
  • Configurable, automated netting and pre-settlement affirmations
  • Automated inbound and outbound real-time payment reconciliation
  • Calculation of real-time settlement risk exposure, as well as a clear view of current and forecast funding requirements at the currency level
  • Programmable payment control with instantly implemented and completely configurable payment hold and release controls to better manage settlement risk, funding and error queues
  • Tools to design payment strategies whilst ensuring throughput targets are met, and to stress for financial / liquidity resilience


Watch this video to learn more about Baton Core-Payments

Blog Posts


Real-time Payment Reconciliations: How to avoid contributing to the next bank to fail

Manage Payment Risk and Drive Business Agility With On-Demand Rules

Automate and Optimise Post-trade Payment Processes Without the Need to Immediately Rip and Replace Legacy Technologies

Reduce Intraday Funding Requirements with Real-time Payments Intelligence



Learn more about the benefits that Core-Payments offers below.


Reduce Intraday Funding Costs and Capital Footprint

The Real-time reconciliation of inbound and outbound payments on a statement vs ledger basis enables Core-Payments to provide users with real-time visibility of funding balances and available liquidity. Armed with this insight and increased netting capabilities, users can then orchestrate and optimise the timing and sequencing of wholesale payments and settlements to reduce intraday funding costs.

Enhanced Risk Management, Supervision and Compliance

Reduce settlement, operational and payments risk exposure with automated collaborative workflows, supplemented with alerts, direct access to real-time and historic settlement data, and no-code rules for increased payment control. By creating or editing these rules users can immediately stop, and manage the controlled release of, all required payments and settlements in times of market stress.

Reduce Operational Costs

Automating previously manually processes such as payment reconciliations, pre-settlement affirmations and payment netting, Core-Payments allows banks to increase operational efficiencies, reduce the costs associated with managing breaks and fails, and retire legacy technology stacks in a controlled manner.

Revenue Growth Opportunities

Scale your business without the capacity constraints often generated by manual and outdated operational and risk processes and legacy technologies.

Improve Client Satisfaction

Introduce flexible and automated post-trade processes that more effectively meet client requirements. Increase payment control by identifying potential failures before they happen, and more swiftly resolve issues with access to real-time data.

Future Proof Your Payments Business

Accelerate post-trade processes to accommodate shorter settlement cycles whilst maintaining payment controls and efficiencies. Ensure systems conform to new messaging standards and benefit from solutions interoperable with emerging industry products and processes.

Core-Payments®: Real-time Wholesale Payment Risk Control

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

Core-FX®

Safely settle bilateral FX trades, when you want to - immediately and on-demand via PvP.

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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-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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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 For PvP Settlement

Baton 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 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 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
  • 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.

Learn more: PvP settlement orchestration

“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 PvP settlement

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

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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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CORE-FX INDUSTRY
RECOGNITION


We are proud to be recognised as a leading industry innovator.

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®

Gain complete, real-time visibility and orchestrated control of all wholesale payments and settlements across all business silos.

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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.

FIND OUT MORE