Yesterday
Baton Systems announced that together with
J.P. Morgan it developed a distributed ledger-based solution for derivatives. It enables real-time movement of cash as well as collateral transfers.
For some time, Baton has been using distributed ledger technologies (DLT) for post-trade and payment solutions targeting financial institutions. Its core platform integrates with existing legacy infrastructures rather than getting banks to replace them.
Currently, the delays in transferring collateral used for margin calls mean that excess funds are tied up. The new system helps to integrate collateral custodians with existing treasury systems.
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