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      Bud Novin

      Bud Novin

      Head of DiSH

      LSEG

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      Long time clearing industry leader. 17 years at LCH and LSEG. Developed much of the seg and collateral infrastructure for SwapClear in NY. Led the design and development of the SwapAgent payment system in London. Designed and lead the launch of the Digital Settlement House (DiSH) for LSEG Post Trade Solutions.

      Speaking At

      • 12:30–1:30pmMon 16 NovWorkshopWorkshop Room 3Open

        Others

        Moving Beyond 24x7 Payments: Seamless Always-On Interbank Settlement - Powered by Partior

        WorkshopWorkshop Room 3Open

        About this session

        Instant payment rails have improved payment speeds. The harder constraint now sits behind them. Intraday liquidity is still trapped in pre-funded nostro accounts. Repo and FX swap activity is still bound by cut-off times and business-day calendars. Treasurers still hold costly buffers against periods when markets are closed. As tokenised assets and continuous trading scale, markets will need more than 24x7 payments. They will need always-on interbank settlement and liquidity.

        Drawing on the LSEG Digital Settlement House (DiSH) and Partior partnership, this workshop brings together a market infrastructure provider, global banks and an interbank settlement network to explore what it will take:

        • Settling across banks and currencies: How can real-time, multi-bank settlement with shared rules on finality work across currencies and time zones?
        • Managing settlement liquidity around the clock: How can banks fund and rebalance the liquidity they need to settle payments at any hour, and can intraday repo and FX swaps extend beyond today’s cut-offs to support it?
        • Releasing trapped liquidity: How much pre-funding could banks free up, and what would that mean for balance sheet and capital decisions?
        • Moving from pilot to scale: What operating, risk and regulatory conditions must be met before treasurers, boards and supervisors are comfortable with banks relying on this outside business hours?

        Participants will leave with a clear view of what is live today, what remains in pilot, and the decisions institutions should make now to prepare for markets that never close. Treasury, markets and payments leaders are invited to bring their own questions to the discussion.