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by thatcherclay
4063 days ago
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Sounds interesting - however, if they are successful in reconciliation, then seems logical that the next step will be addressing the transfer of wealth that happens after reconciliation (ie, clearing). I am not sure how much of a problem this truly is - ie, how much of counter party risk is attributed to how often the counter party agrees on the reconciliation but just does not have the capital to pay up at t+3. Whatever it is, if you could instantaneously reconcile and clear, then some forms of trading could get a lot faster. |
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