The Eligibility Service
Collateral optimisation hinges on accurately evaluating eligible collateral, yet many institutions still rely on outdated manual processes to collect and communicate this information, increasing cost and risk. These slow and inefficient processes can fuel delayed decision-making; result in over-pledging higher-cost assets (or even mistakenly pledging ineligible collateral assets) and a reliance on pledging high-quality liquid assets (HQLAs) to mitigate the risk of lower-liquidity assets being rejected.
The impact? Missed opportunities, risk exposure and inefficient financial resource management. You now have the opportunity to rethink your firm’s approach to evaluating collateral eligibility.
Baton’s Eligibility Service simplifies and streamlines the complex process of assessing collateral asset eligibility across diverse counterparty requirements for cleared derivatives, bilateral agreements, and tri-party arrangements.
With real-time insights on asset eligibility, fees, rates, and settlement windows, collateral managers can reduce errors and make confident, more informed funding decisions. Baton’s Eligibility Service transforms the process of collateral evaluation, increasing speed, precision, and cost-efficiency for both cash and non-cash assets. Empowering financial institutions with unparalleled clarity and control, firms can optimise collateral allocations while driving superior operational efficiency and scalability.
Baton transforms collateral eligibility management with a streamlined platform that simplifies and automates complex collateral evaluation matching processes. Designed to accommodate intricate variations in eligibility criteria across venues, accounts, and product types, Baton ensures efficiency and precision at every step.
By normalising highly complex counterparty data, received in a wide range of formats with varying levels of detail and unpredictable update frequencies, Baton provides clear, consistent, and efficient access to counterparty schedules. Our advanced methodology ensures accurate evaluation of even the most complex schedules, supported by ongoing monitoring to ensure changes are rapidly identified and reflected. This commitment enables clients to evaluate collateral eligibility with confidence and ease.
Minimise Risk
Exposure
- The Eligibility service, integrated with Baton’s Core-Collateral Long Box, mitigates the risk of pledging ineligible or high-risk assets and their subsequent rejection or penalties. Instead, eligible assets can be clearly identified and secured in advance.
Real-time Collateral Asset Haircut and Fee Transparency
- Gain visibility into haircuts and fees imposed by counterparties on pledged assets.
- Evaluate interest rates offered by counterparties for cash assets to make informed decisions.
Optimise Collateral Management
- Seamlessly integrate the detailed information provided by Baton’s Eligibility Service into your optimisation processes. Elevate asset portfolio recommendations by ensuring they are based on accurate and well-informed eligibility assessments across venues and counterparties for the specific account and product type.
Enhanced Decision-Making and Cost Factor Analysis
- Automatically compare haircuts, collateral fees, cross-currency adjustments, and interest rates across counterparties to discover cost-effective opportunities that manual collateral eligibility assessments often overlook.
- Use counterparty availability data to optimise eligible collateral movements, avoid rejections, and calculate asset cost factors seamlessly.
- Ensure optimisation algorithms are using the most accurate and comprehensive collateral eligibility criteria.
Maximise Operational Efficiencies
- Introduce real-time, automated workflows and collateral eligibility checking processes to streamline operations and eliminate time-consuming manual tracking of collateral eligibility schedules.
- Access normalised counterparty eligibility schedules across multiple formats and channels and instant data on asset acceptability and haircuts across counterparties for faster decision-making – saving time and resources.
Effortless and Centralised Collateral Eligibility Evaluation
- Instantly access results such as haircuts, CUF (Collateral Utilisation Fees), interest rates, cutoff times, holiday schedules, and counterparty availability windows.
- Assess your lists of cash and non-cash assets to determine their acceptability as eligible collateral across multiple counterparty criteria.
- Alternatively, you can directly consume normalised eligibility schedules in your environment for interrogation by your optimisation tool, utilising your preferred integration format.
Streamlined Collateral Asset Data Access
- Provide end-users with access to asset-level data, including haircuts, while integrating with Core-Collateral’s Long Box and mobilisation engine for efficient management of counterparty availability and movement windows.
Seamless Integration Options
Baton’s cloud-native Eligibility Service has been designed to be interoperable, modular and extensible – so it can be deployed to support your business in the way you need it to.
Available as Part of Baton’s Core-Collateral Platform
The Eligibility Service seamlessly integrates with our Core-Collateral solution, providing users access to advanced collateral management features, including the Baton Longbox for consolidated asset data, optimisation to improve portfolio efficiency, and asset mobilisation capabilities for the efficient execution of movement instructions.
Or Integrate with Proprietary or Third-Party Workflows
Do you already have workflows in other business areas where this service would prove beneficial? No problem.
Extensive integration capabilities lie at the core of our modular Eligibility Service, enabling clients to seamlessly embed the service into existing operations and both proprietary and third-party workflows in an interoperable manner for enhanced efficiency and collaboration via our advanced API.
Our Eligibility Service is just one of the modules available as part of our Baton CORE® platform.
Make Smarter Collateral Management Decisions
Optimise efficiencies, mitigate risk exposure, and enhance your decision-making with Baton’s Eligibility Service.
Request your demo today and take the first step toward effortless, real-time collateral management.
Real-time Intraday Liquidity Management Solutions for Financial Institutions
Real-time Intraday Liquidity Management
Enabling financial institutions to proactively manage and control intraday liquidity risk, reduce funding costs and optimise liquidity with real-time visibility and control
Optimise Intraday Liquidity Management
Banks often struggle to mitigate intraday liquidity shortfalls or fully optimise intraday liquidity use due to outdated manual processes and siloed systems that limit real-time, enterprise-wide visibility. Real-time liquidity data often exists, but their inability to quickly aggregate and analyse it with additional insights hinder early warning detection. Challenges accurately predicting inbound payment timings and forecasting intraday demands further complicates matters, as does the lack of automated and controlled payment sequencing tools.
Baton’s modular intraday liquidity management software provides a real-time liquidity oversight and optimisation platform. Offering enterprise-wide visibility and control, institutions can monitor and manage cash positions with precision, cut funding costs, and strengthen financial resilience. With Baton banks benefit from:
- Real-time, enterprise-wide, liquidity monitoring
- Granular historical insights, payment traceability and analysis capabilities
- Precision intraday liquidity demand forecasting tools
- Real-time alerts and early warning indicators
- Automated, optimised and conditional payment execution controls
- Liquidity throughput monitoring and management tools
- Extensive stress testing and scenario building capabilities
Manage and Control Intraday Liquidity Risk
Streamline and simplify compliance with the ECB’s intraday liquidity risk management principles using Baton’s next-generation modular intraday liquidity risk software. Empowering financial institutions to accurately anticipate and plan for intraday liquidity demands, more effectively manage payment obligations, prioritise outflows, and boost operational efficiency even in volatile conditions.
Baton enables institutions to adopt a dynamic liquidity control system to proactively address intraday liquidity challenges and maintain financial stability. With the tools and capabilities to navigate intraday liquidity risks with precision and confidence, firms can address multiple aspects of the ECB’s seven sound practices through a single, integrated platform.
Real-time, Enterprise-wide Liquidity Monitoring
Implement an automated real-time liquidity monitoring solution to ensure real-time visibility and control over financial resources. Baton provides a 360-degree real-time view of all balances, credit facilities, exposures and obligations across the entire organisation via a single dashboard.
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.
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.
Download our Intraday Liquidity and Risk: The Hundred Million-Dollar Challenge white paper, designed to help financial institutions address the challenges faced managing intraday liquidity.
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.
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
Introducing Baton’s no-code payment hold and release rules – just one of the ways Core-Payments provide risk managers with effective payment controls
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 Reduction with Core-Payments®
Post-Trade Risk Reduction with Core-Payments®
Proactively mitigate post-trade risk with real-time visibility and an advanced level of control across the entire operational lifecycle, wholesale payments process and all business silos.
Download the Managing Intraday Liquidity Risk White Paper
Delivering Post Trade Risk Oversight and Control
Core-Payments is designed to transform post trade risk management, enabling banks to tackle key operational, counterparty and liquidity risks while streamlining processes, maintaining business agility and efficiencies.
Why Core-Payments?
- Complete Visibility – Consolidate data from across business silos into real-time, intuitive dashboards.
- Proactive Post Trade Risk Mitigation – Leverage data-driven predictive analytics to detect issues and automate swift responses.
- Enhanced Payment Risk Control – Instantly activate firm-wide payment hold and release rules across all required payments and settlements.
Intelligent, Modular Post Trade Risk Management Solutions
Identify Post Trade Risks
- Set up low-code alerts, configured to your business requirements to monitor critical thresholds in real-time.
- Access intuitive real-time dashboards consolidating fragmented data into actionable insights.
Accurately Assess Post Trade Risks
- Analyse time-stamped historical and real-time data, exposing patterns and risks.
- Use advanced stress testing capabilities and precision forecasting to anticipate potential impacts.
- Assess financial resilience and enable more informed data-driven decision-making.
Effective Post Trade Risk Mitigation
- Automate the controlled and conditional release of cash settlements with payment-on-payment (PoP) capabilities.
- Implement real-time no-code payment hold and controlled release rules.
- Automatically adjust risk management strategies in real-time in response to intraday market developments.
Click play to discover Baton’s no-code payment risk controls: Immediately stop and manage the controlled release of designated payments across all channels
Elevate your firm’s post trade risk mitigation strategies with a modular, cloud-based platform designed to scale and adapt to meet future business needs and an evolving settlements environment:
Counterparty Risk Reduction
- Conduct real-time payment reconciliations and assign cash flows against specific obligations and counterparties.
- Assess counterparty exposure in real-time.
- Safely settle on a payment-on-payment (PoP) basis with automated, conditional controls so payments are only released once obligations are met.
Liquidity Oversight and Resilience
- Monitor intraday liquidity with real-time low-code alerts to quickly identify and escalate issues.
- View real-time funding balances, available liquidity and exposures.
- Forecast intraday demands and automatically adjust payment sequencing to avoid shortfalls.
- Stress test liquidity by currency or counterparty to enhance financial resilience.
Operational Risk Reduction
- Replace manual processes with collaborative, automated workflows.
- Be alerted in real-time to pending and realised settlement breaks.
- Identify operational bottlenecks and fails across business silos with Core-Payment’s real-time dashboard.
Enhanced Payment Supervision
- Activate configurable alerts for real-time payment monitoring.
- View consolidated data sourced from multiple systems in real-time, related to counterparty and liquidity exposures.
- Implement our standardised workflows for handling exceptions, which include an auditable approval process.
Increase Capacity without Adding Risk
- Automate manual processes to enforce core policies without the need for exceptional approvals.
- Expand market footprint by deploying automated safe-settlement via (PoP).
Business growth requires firm-wide post-trade risk controls
Ready to experience the future of post trade risk management?
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
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
Increase Financial Resilience and Decrease Funding Requirements with Baton’s New Real-time Intraday Liquidity Management Capabilities
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
Contact our Experts
To learn more about our post-trade solutions, please provide your details and one of our experts will contact you shortly
Payment Risk Management
Real-time Payment Risk Management
Manage payment risk and settlement failures with the robust and automated stop and release payment controls provided by Core-Payments’®
Manage Payment Risk and Reduce Settlement Failures
Market participants and policy makers are increasingly focused on managing 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 payment process risk mitigation 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 payment risk at scale and reduce settlement risk, 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.
Access more resources: Payment Risk Management
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 optimization and intelligent automation with Core-Collateral
Collateral Optimization and Intelligent Automation
Discover Core-Collateral®, Baton’s collateral management system, designed to help firms maximize collateral efficiency in financial markets
“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
Collateral Optimization Powered by Next-Generation Collateral Management Software
Seamlessly manage and optimize collateral usage, improve financial resilience and reduce operational costs by automating collateral allocations and settlement instructions with Baton’s real-time technology.
Core-Collateral empowers financial institutions with intelligent, automated workflows, real-time alerts, configurable controls and seamless two-way venue connectivity to simplify and streamline collateral management. By providing on-demand access to real-time balance data and eligibility schedules, institutions can effectively optimize collateral allocations then efficiently instruct asset and collateral movements across multiple venues – all via a single integrated dashboard.
With Baton’s collateral management software, institutions can maximise collateral efficiency with precision and ease.
Discover how Baton’s Eligibility Service simplifies and streamlines the complex process of assessing collateral asset eligibility.
Real-time Active Collateral Management
Automated asset tracking and margin 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 – Enabling institutions to stay on top of their collateral status at all times.
Maximize 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 instantly identify inefficiencies, highlighting opportunities to enhance collateral utilization across venues.
Collateral Optimization
Utilize real-time balance information to optimize the value and composition of your collateral allocations for liquidity control.
Seamless 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 inefficient manual processes by introducing 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
Watch to learn more about Core-Collateral
Automate and Expedite the Movement of Cash and Securities with Baton's Direct Two Way Connectivity to Major CCPs, Custodians and Nostro Accounts
Source: *According to Public Quantitative Disclosures (PQDs) data
Latest Announcements:
Baton Systems to Transform Collateral Management Decision-Making with New Eligibility Service
Baton reports record demand for real-time collateral management amid volatile year for markets
THESTATISTICS
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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
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
Payment Control Optimised
Core-Payments®: Real-time, enterprise-wide monitoring and control over outgoing payments and settlement flows
Proven and being used in production by a tier 1 bank
Outgoing Payment Control
Banks are under increased pressure to increase payment controls so they can minimise risk, optimise cash returns and make smarter funding decisions. However siloed, fragmented data, and manual post-trade processes generate challenges. Many struggle to aggregate and analyse the relevant, real-time data needed, and access the capabilities required, to effectively control outgoing payments. 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 and control outgoing 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 and control, enhanced operational resilience, increased agility, the ability to proactively mitigate risk and optimise funding strategies.
Optimise payment and settlement flows with real-time insight
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- Real-time monitoring of funding balances, available liquidity, inbound payments and outstanding obligations for effective data-driven decision making
- Automated, real-time payment matching software (reconciling statements vs ledgers) for increased position accuracy
- Orchestrate automated, optimised and conditional settlements powered by smart payment sequencing
- Drill down to trace granular, time-stamped historical transaction data for quicker identification of an issue’s root causes
- Automated, configurable netting and pre-settlement affirmation increasing efficiency and reducing risk
- Real-time settlement risk exposure metrics alongside current and forecast funding requirements to support proactive decision-making
- Configurable alerts and early warning indicators enabling automated, faster issue escalation and investigation
- Programmable and configurable, instant firm-wide hold and release payment controls
Discover Baton’s Next-Generation Real-time Intraday Liquidity Management Capabilities
Improve Risk Management: Payment and Operational
Automate workflows to reduce operational and payment risks with real-time anomaly detection and rule-based configurable payment controls to hold and release payments during periods of market stress. Be alerted to early warning indicators such as historic pattern deviations and trace the complete lineage of individual payments or exposures, drilling down into time-stamped transaction details to identify the issue’s root cause.
Benefits:
- Real-time alerts for delayed or failed payments
- Automated execution of low-code configurable payment hold/release rules
- Quicker issue root cause identification
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
THESTATISTICS
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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