ISDA and Linklaters working on smart contracts
The International Swaps and Derivatives Association (ISDA) has taken the next step towards a blockchain-enabled derivatives market, publishing a white paper with Linklaters on derivatives documentation that will be compatible with smart contracts and distributed ledger technology.
The white paper outlines ISDA’s intention to harmonise the documentation involved in the derivatives industry to allow more of the process to be automated.Once a derivative trade is executed, there are extremely resource-intensive calculations that go on to ensure, among other things, that correct levels of collateral ...
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