Category: Risk Management
Smart contracts and distributed ledger technology could bring cost and efficiency benefits to the derivatives market, says a new whitepaper from ISDA and Linklaters. Along with the whitepaper, ISDA has launched an industry legal working group to focus on smart contracts.
In order to unlock value in the derivatives market and realise the benefits smart contracts and distributed ledger technology could bring, work is underway to standardise and formalise clauses within ISDA's legal documents and ISDA Definitions.
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