the superflat platform
Superflat radically improves the understanding, transparency and operations in respect of OTC derivatives trades between Corporates and Banks, as:
Digitized and full paperless contracts negotiation
Automatic translation of legal contracts in blockchain smart contract for a full decentralized and autonomous execution
Exploiting new blockchain and smart contracts technologies, SUPERFLAT enables smarter financial transactions by bringing to market participants the latest in trading, auditing and pricing along the entire financial value chain, while operating as a PISP, thus initiating and reconciling online payments on behalf of blockchain smart contracts events.
The Business Environment
BIS (Bank for International Settlements) reports that the volume of OTC contracts in Europe in 2017 was approx. USD 500,000 billion.
Interest Rate Swaps (IRS) represent the most common derivative in terms of volume.
There are No immediate direct competitors.
There are start-ups trying to exploit smart contract - blockchain capabilities being aware that the actual financial processes are due to be disrupted.
Business Model
Superflat is sold to Banks so to manage OTC operation in an leaner way
Banks reduces costs in terms of legal, procedural and Back Office expenses while reducing counterparty risk
Due to reduction of costs and risks banks can increase their margin and/or offer the service at reduced costs gaining in competitiveness
Corporates will have benefits in terms of transparency, costs reduction and negotiation time