Yearly Archives: 2015

15 DecSSI Cup – FinTech 1- 0 Traditional Fin Services

FinTech will upend banks! Nothing new in that prophecy. There is no such thing as the SSI, Standing Settlement Instruction, Cup, but if there were the FinTech community would win. In last week’s post, I offered some views on how hard our industry makes it to deal with SSI’s. Every institution manages them, matching them […]

Read More ...

30 Nov3 letters that are the root of all evil: the SSI and a bit of Blockchain

Reference data is either the root of all evil or the fountain of all good. My experience is that this is an 80:20 in the devil’s favour. Standing Settlement Instructions, SSI’s, are the subject of this week’s thoughts with inspiration coming from actual market experience where things really did not go according to plan. With […]

Read More ...

15 Nov3rd of 3 Financial Service things that could be better with real money in Blockchain

Last week’s post looked at Payment vs. Payment. This week, Delivery vs. Payment or DvP, the exchange of securities vs. payment. #3 Delivery vs. Payment (DvP) Securities settlement today falls into one of three methods; i) via an ICSD, an International Central Securities Depository, for example Euroclear, Clearstream or SIX, ii) a CSD, a domestic […]

Read More ...

08 Nov2nd of 3 Financial Service things that could be better with real money in Blockchain

Last week’s post looked at Payments. This week, Payment vs. Payment or PvP. This is when one currency can be exchanged for another; this is an essential ingredient for the settlement of FX trades. Delivery vs. Payment for securities will be next week’s topic. #2 Payment vs. Payment (PvP) FX is the biggest global market […]

Read More ...

25 Oct1st of 3 Financial Service things that could be better with real money in Blockchain

Why bother? Why do we need to have the central banks act as an agent to translate fiat currency balances into Blockchain platform ones? In last week’s post, I promised to offer some arguments for that. Just assume for the purposes of this post, that one or more central banks would be willing to perform […]

Read More ...

18 Oct3 Must Dos for Money in Blockchain

“Money is essential for Blockchain to do wonderful things”. I hope that those readers who have been following the posts agree with that. This week’s post will focus on three must do things or rules for moving money into a Blockchain platform. #1 The Central Banks has to be the transfer agent for its currency […]

Read More ...

04 OctThe One Way to Get Money into Blockchain and change everything

Adding money to the Blockchain is the single ingredient needed to realise the potential of this new technology. How to make that happen is the subject of this week’s post. In various previous posts, I have covered the shortcomings of Bitcoin and also pointed out how unhelpful it would be if there were multiple Blockchain […]

Read More ...

21 SepOne magic ingredient for the Blockchain to change everything

A conclusion. The missing ingredient in the use of the Blockchain will be revealed, or at least my view. That is the goal for this week’s post. For sure, I do not have a fully formed solution. that said, I think I have enough of a view to have an opinion. Any and all feedback […]

Read More ...

15 SepThe Blockchain will change everything, if ….

A recent Bloomberg article has caused a ripple or two. Two big name items have collided to cause this effect: the Blockchain and the involvement of industry maven, Blythe Masters, who as a young hot shot at JP Morgan invented the CDS product.  The article is a must read and with it, the following pinch […]

Read More ...

23 AugMight Blockchain help securities markets?

This week follows from the previous post, which looked at how moving securities balances from one platform to another was not a totally new idea. Building on that, I would like to illustrate how Distributed Ledger Technology (DLT) might work in securities settlement. A little accounting example is a necessary evil ingredient in helping develop […]

Read More ...