Based in Austin, Texas, Tucker Dona is Head of Business Development and Client Success at Baton Systems, responsible for driving sales and business development.
In PAY21 Tucker gives a brief demonstration to help the audience better understand the functionality of Baton’s real-time PvP settlement process for FX.
“The Baton system indicates official ownership change as settlement of the netting group takes place.”
– Tucker Dona
“The Baton settlement process can be reduced to as little as three minutes,” Tucker explains, keen to stress that settlement risk and funding costs are hugely reduced as a result of shortening the settlement cycle.
The key to Baton’s process, he says, is both parties’ use of Baton’s shared permission ledger and workflow. The ledger is legally supported by a rulebook which provides for settlement finality and certainty.