December 15, 2015
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 […]
November 30, 2015
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 […]
November 15, 2015
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 […]
November 8, 2015
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 […]
October 25, 2015
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 […]
October 18, 2015
“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 […]