A Disruptive Solution

The solution changes the entire OTC derivative business  dramatically, with obvious consequences on prices.

MAJOR IMPROVEMENTS:

• Complete automation + digitization of the whole OTC trading cyclenegotiation + contracts generation + contracts signature + execution

• 70% savings on actual average costs (front & back office upfront + running costs)

• Improved transparency

• Fully digitalized process and paperless workflow.

HOW

SUPERFLAT allows to reach new levels of efficiency and control by delivering blockchain  technology built specifically for the needs of the OTC financial industry. With security and  privacy at the core, the product is specifically designed to improve the negotiation, pricing and settlement of OTC contracts.

PRE TRADE:

• Pricing engine and intuitive OTC contract definition tools (visual editor)

• Digital production of contracts and e-signatures

EXECUTION

• Automation of a smart-contract coding, audit and deployment process (binary code) full integration with bank core system and Back Office workflow through available banks APIs

• PLUS automatic illegalities, default and early termination events management
  

RESULTS

Paperless negotiation, automatic margins and settlement management.

Banking Integration 

Negotiation occurs through available Banks sandbox / APIs environments

Negotiated contracts are deployed on Ethereum blockchain for the automatic execution.

Blockchain events are transmitted to bank back office in different ways:

• Manual : blockchain oracles sends email to back office for manual intervention (payment, disputes, ..)

• Automatic / Banks available APIs

  • blockchain oracles sends automatic events to core banking software system (payment instructions)

  • blockchain oracle checks booked accounts transaction for payments reconciliation (accounts transactions)

  • blockchain events manage early termination and default conditions