Distributed Ledger Technology in Payments, Clearing, and Settlement

Distributed Ledger Technology in Payments, Clearing, and Settlement

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Distributed Ledger Technology in Payments, Clearing, and Settlement

Digital innovations in finance, loosely known as fintech, have garnered a great deal of attention across the financial industry. Distributed ledger technology (DLT) is one such innovation that has been cited as a means of transforming payment, clearing, and settlement (PCS) processes, including how funds are transferred and how securities, commodities, and derivatives are cleared and settled.

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