Trade exceptions have been a pain point for the industry.
Industry utility eyes reducing operational risk via expedited trade settlement.
Aim is seamless interaction across digital ledgers.
At least one global bank will offload the processes in 2018, BNP predicts.
DLT has met the needs of mission critical financial infrastructure.
The traditional model for implementing financial services technology is dying.
EU looks to align margin to physically-settled FX forwards with other jurisdictions.
Systemic risk in settlement, harmonisation of tax processes and collateral management are among pain points.
Firms can automate payments including notional exchanges.