Use of state-of-the-art standards
Fragmos Chain uses market standards for rapid deployment in the financial industry: Corda technology from R3 for the blockchain and ISDA’s Common Domain Model (CDM) data model*. The solution allows synchronization of data by design through golden trade records, golden reference data and self-executing transactions. All lifecycle and regulatory events are automatically determined, from trade confirmation and portfolio reconciliations to payments, collateral management and regulatory reporting. Data are segregated per counterparty, and encrypted using state-of-the-art standards, with strong authentication mechanism.
* Press release available here.
The results? Fully automated OTC derivatives management.
The Fragmos Chain platform automates the entire transaction lifecycle, from registration and confirmation to cash flow calculations and regulatory reporting. Self-executing trades, creating reconciliation-free and break-free trades with embedded logic to ensure state transitions, are validated according to the pre-agreed rules.