Core Ledger

Cobalt Core Ledger brings counterparties together to use the same technology to allow for centralised management of post-trade processing. This creates one post-trade system across all FX relationships, one process used across all FX counterparties and one joint record between you and your counterparty.

Segregating our members’ data but allowing for centrally managing post-trade operations reduces settlement risk and the impact of UMR between them and their counterparties.

Using the mutual agreed rules-based system, counterparties can automate 100% of the post-trade lifecycle of an FX transaction,  and in some cases eliminate the need for reconciliation.

Cobalt Core Ledger handles:

  • Matching

    Both venue match and counterparty match, for bilateral, tri-party and four-way trade flow.

  • Cobalt Unique Transaction (CUT)

    Produces a single joint record that counterparties can use to reduce the need for onward reconciliation.

  • Trade Netting & Aggregation

    Through mutual agreed cycles, counterparties can let the system do all the netting or aggregation from the joint records and produce a joint record of the summary of transactions. Cobalt’s ability to handle all relationship types means trade reduction is optimised between bilateral flows and primed flow.

  • Trade Enrichment

    For downstream processes, ranging from trade settlement and reporting of a trade.

  • Finality

    Offers a trusted data set which only once matched and passed, will be processed to finality and posted on the Cobalt Ledger.

  • Trusted Data Set

    Stored within the Cobalt Core ledger, giving members access to reconciled data for further lifecycle events to optimise FX portfolios.

Current Solution

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Cobalt Solution

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Banks Today

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Banks with Cobalt

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