Post Trade Clearing, Settlement &
Processing
Required Readings:
‘Wall Street finds blockchain hard to tame after early euphoria’ Reuters (July 16, 2019)
‘ASX’s blockchain project gets nasty’ Financial Review (March 18, 2019)
‘Barclays, Goldman Champion ISDA Standard for Blockchain Derivatives’ CoinDesk (April 26, 2019)
‘Using Blockchain in Banking to Improve FX Payment Efficiency’ American Express (May 7, 2019)
‘ASX blockchain roll-out on track, to explore other applications’ Ledger Insights (August 15, 2019)
‘The ISDA CDM: much more than just a standard for the derivatives lifecycle’ Digital Asset, Medium
(April 10, 2019)
Optional Readings:
‘Digital Asset Holdings’ pivot raises doubt over blockchain future’ Financial Times (June 7, 2019)
Study Questions/Issues to Prepare:
1) What are the opportunities of blockchain technology to lower costs and counterparty risks in the
clearing, settlement and processing of financial transactions?
2) Why have the projects to date focused on permissioned distributed ledger technology or
development only inspired by blockchain technology?
3) What lessons might be drawn from the ongoing projects – CLSNet for currencies, ASX for
equities, ISDA for swaps, others?