How Banks trade assets on TradeAssets

Summary

The video introduces Trade Assets, a cutting-edge e-marketplace for banks to trade assets efficiently and securely. Built on blockchain technology with Microsoft Azure cloud servers, it ensures data security, immutability, and scalability. Users can post, view, and bid on trade assets through a smart dashboard, with customizable asset preferences. Banks can negotiate deals with features like bilateral communication, document uploads, and a detailed audit trail. The platform streamlines transactions and provides a comprehensive reporting system. Trade Assets enhances institutional trading by offering transparency and control for its users.

Takeaways

• 🌍 The world is evolving with new solutions for trade, like Trade Assets, the first e-marketplace of its kind for banks.
• 💻 Trade Assets is built using blockchain Hyperledger protocol, with secure data storage on Microsoft Azure cloud servers.
• 🔐 The platform ensures that data is immutable, scalable, and timestamped, guaranteeing security and traceability.
• 📊 A smart dashboard gives members a clear view of transaction statuses, including posted, finalized, and outstanding assets.
• 🔍 Users can customize their asset preferences and filter trade options based on various parameters.
• 🏦 Members can post trade assets, manage user categories, and control asset visibility for other banks in the system.
• 📢 Banks can broadcast their assets to all members or selectively to a few, enhancing control and communication.
• ⚙️ Bidding and negotiation processes between banks are streamlined, and all communications are bilateral after a bid is made.
• 📧 Members are alerted via notifications and email whenever an asset is posted or a bid is received, ensuring transparency.
• 📈 The platform offers robust reporting features, allowing members to generate a wide range of reports, including audit trails and communication history.

Q & A

What is Trade Assets, and what makes it unique?

Trade Assets is an e-marketplace designed specifically for banks, allowing them to trade financial assets efficiently. It is unique because it provides a convenient, secure, and profitable platform for institutional transactions, built on blockchain technology with data stored securely on Microsoft Azure cloud servers.

What technology is used to build Trade Assets, and how does it benefit users?

Trade Assets is built using blockchain technology on a Hyperledger protocol. The use of blockchain ensures that data is immutable, scalable, and securely timestamped, providing trust and transparency in all transactions.

How does the member dashboard in Trade Assets function?

Upon logging in, a member sees a smart dashboard that indicates the status of posted, finalized, and outstanding transactions. The dashboard also features a menu on the left for navigating functional tabs, and a toolbar at the top offering additional settings and tools for managing trade assets.

What is the 'asset preferences' feature in Trade Assets, and how is it used?

The 'asset preferences' feature allows members to filter and select trade assets based on specific parameters such as underlying instruments, location, and currency. These preferences can be changed anytime to tailor the asset listings to the member's needs.

How do members post a trade asset on Trade Assets?

To post a trade asset, a member selects the underlying instrument, location, and currency, then fills out the necessary trade asset details. Some information can be kept undisclosed. Once ready, the asset is posted, and other members are alerted about the listing.

What is the 'pipeline' feature in Trade Assets, and what is its purpose?

The 'pipeline' feature provides visibility and control over the status of transactions for the posting member. It helps track the asset's progress, whether it is broadcast to all Trade Assets members or only to selected parties.

How are bids submitted and managed on Trade Assets?

Members can submit bids on posted assets, with notifications sent to the relevant members. After receiving a bid, the posting member can accept, reject, or negotiate the offer. All further communication, including negotiations, happens bilaterally and is visible only to the involved parties.

How does the bilateral chat feature enhance communication on Trade Assets?

The bilateral chat feature enables instant communication between members involved in a transaction, with the ability to upload documents directly. This improves the efficiency of negotiations and deal finalization.

What reporting features are available on Trade Assets?

Trade Assets provides a wide range of reports that include deal information, communication history, and a full audit trail, helping members track and analyze their transaction data in detail.

What happens when a deal is concluded on Trade Assets?

When a deal is concluded, system-generated messages are sent to the respective members. For primary transactions, the system sends out notifications, while for secondary deals, an offer and acceptance document is generated, ensuring that all parties are informed.