π‘ What is ACTUS, its benefits, and how does it work?
This 13-minute YouTube video talks to experts and newcomers alike. πΊ
Check it out! π
https://t.co/R0mgTbufXN
The ACTUS standard and blockchain offer a promising solution to the longstanding issues of transparency and efficiency in financial markets.
By leveraging these technologies, financial institutions can significantly reduce operational costs, enhance regulatory compliance, and improve market transparency.
This not only aids in assessing systemic risk but also facilitates the development of new trading platforms and financial products.
π― The Silicon Valley Bank crisis could have been detected as developing much earlier!
As Willi Brammertz explains in this video, implementing ACTUS would have sent a warning signal to the respective bank and the regulators 1.5 years before the collapse.
If this did not prevent the collapse, it could have mitigated the worst impact and significantly reduced the cost.
Try ACTUS β¬οΈ
https://t.co/5OdjBzZJkD
In the era of automation, machine-readable logic is essential. π€
ACTUS standardizes financial contract obligations as machine-readable logic, enabling applications to derive current and future cash flow obligations seamlessly.
This allows easy integration with financial systems like transaction processing, risk, and accounting!
πThe finance industry has yet to fully standardize its core operations. At their heart, banks deal with creating, managing, trading, and analyzing financial contracts like loans, mortgages, deposits, stocks, bonds, and more.
These contracts are driven by well-defined algorithms. π»
By breaking down the complexity of financial contracts into a manageable number of standardized cash flow patterns, ACTUS paves the way for better efficiency in the industry. π
π Visit the world of financial contracts through the ACTUS Standard Data Dictionary, which untangles the unnecessary complications of finance.
It is a single table with a mere 120+ attributes, which defines each attribute and identifies the ACTUS Contract Type algorithms that use it.
π Learn more:
https://t.co/2Uwy79nZmQ
Moritz Karber from the @ecb shares why ACTUS isn't just another standard, but a transformative tool set to revolutionize financial analysis.
π Our Open Source Standard will empower regulators to take systemic risk analysis to the next level, enhancing global financial stability.
In a world where intelligent regulation is crucial, ACTUS is the key to building a more resilient financial system for everyone. π
One of the defining features of ACTUS is its ability to represent virtually all financial instruments currently available in the market. π οΈ
It achieves this with fewer than three dozen Contract Types (CTs), standardized financial contract templates that capture typical cash flow exchange obligations.
This versatility makes ACTUS invaluable for both distributed ledger technology and financial institutions, as well as regulators. π
π¨ The #crypto industry currently faces a dilemma: many tokens represent assets defined by outdated paper methods.
These token prices are set by trading without key contract details like cash flow or debt.
By using ACTUS in smart financial contracts, cash flows can be automatically generated, providing a solid basis for token valuation.
If the blockchain industry sees another speculative surge in token prices, it risks creating dangerous bubbles. π«§
The need for a standardized approach to financial contracts has never been more pressing.
β This is where ACTUS comes into play!
ACTUS makes financial contracts machine-readable and, therefore, truly digital. This is a crucial feature for bringing finance to blockchains.
π« ACTUSβs organizational home takes the form of two not-for-profit corporations charged with continuing to develop the open-source and-royalty free intellectual property of the standard and to educate regulators and financial practitioners about its uses and value.
ποΈ New Casper Podcast Episode is now available!
Tune in as experts dive into the transformative power of #DeFi and #blockchain technology, recorded live at the @ActusResearch Conference in Washington DC.
Listen now: https://t.co/hSuQBhQ9Mz
Moritz Karber from the @ecb shares why ACTUS isn't just another standard, but a transformative tool set to revolutionize financial analysis.
π Our Open Source Standard will empower regulators to take systemic risk analysis to the next level, enhancing global financial stability.
In a world where intelligent regulation is crucial, ACTUS is the key to building a more resilient financial system for everyone. π
πββοΈ Ever felt overwhelmed by too many conflicting definitions and ineffective solutions in finance? πππππ π’π¬ π‘ππ«π ππ¨ ππ‘ππ§π π ππ‘ππ.Β π₯
Francis Gross, Senior Advisor at the @ecb, explains why ACTUS will play the central part in the network of financial contracts which will be the future of finance.
The days of paper contracts are numbered.
The future lies in standardized machine-readable, executable algorithms that represent the financial obligations β following the ACTUS Standard!
The US moved recently from T+2 to T+1 settlement time.
The ultimate goal however is T+0 (Immediate Settlement)!Β β‘
T+0 however, must be built around standards.
πΉ Dan Doney, CTO of @The_DTCC explains the importance of these standards,
πΉ β¦ and the crucial roleΒ ACTUS plays within these standards.
ACTUS is set to revolutionize finance with increased efficiency, ready to serve and be used by you!
We recently partnered and sponsored @ActusResearch's annual ACTUS Conference 2024 in Washington D.C.
Our Head of R&D, Mark Greenslade, shared his thoughts on securing financial contracts by bringing financial contracts into the #DLT or #blockchain space.
Mark discusses how adopting financial standards such as #Actus will be a huge win for regulators and financial institutions!
"πββ, π‘βππ π βππ’πππ'π‘ βπππππ!" The Dodd-Frank Act was established to prevent financial crises like that of 2008. π¬
However, as evidenced by the Silicon Valley Bank incident, these measures were not entirely effective.
Senator Reed and Allan Mendelowitz delve into the critical importance of the ACTUS standard in this video, which highlights key discussions from The Brookings Institution event.
Striving for a more secure financial future... with #ACTUS! π
Dive into the taxonomy of Contract Types as proposed by ACTUS. π
Contract Types are the ACTUS algorithms that represent the underlying cash flow exchange patterns of financial contracts.
These patterns correspond to various classes of financial products such as bonds, deposits, stocks, futures, options etc. each of which can be represented by a specific Contract Type.
π For further details, please visit:
https://t.co/GFso1ih1hp