Digital Mission

Digital First Capital Markets

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Operational Efficiency Process Automation

Real-time Clearing and Settlement

Current Situation

Process and procedure limitations have prevented centralized clearing and settlement market infrastructure providers from further reducing clearing and settlement times. Anything less than real-time clearing and settlement permits market risk and incurs margin requirements expense. Real-time gross settlement is presently possible but would require transaction-specific funding introducing liquidity and risk concerns avoided with multilateral netting.

Goals and Objectives

Reduce uncompensated risk and expense by encouraging coordinated industry investment in modernized clearing and settlement infrastructure across asset classes and trading ecosystems.

Technology Deployed

Blockchain, smart contracts, cloud, and artificial intelligence

Use Case Summary

Process and procedure limitations that are currently affecting clearing and settlement times can be resolved. Eliminate market risk and margin cost through the application of automation, authentication, and distributed ledger technologies.

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