2019/04/01 by Christopher D. Clack, Clack, Christopher D., Ciaran McGonagle +1 · 1 citation
Business, Management and Accounting · Computer Science · Economics, Econometrics and Finance · #Blockchain Technology Applications and Security #Computers and Society (cs.CY) #FOS: Computer and information sciences #FinTech, Crowdfunding, Digital Finance #Insurance and Financial Risk Management
paper · pdf · doi:10.48550/arxiv.1904.01461
openalex publication_date 2019/04/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
High-value derivatives contracts require substantial legal protection and often utilise standardised legal documentation provided by the International Swaps and Derivatives Association (ISDA). Smart Derivatives Contracts aim to automate many aspects of high-value contracts, including automation of the provisions of the ISDA legal documentation. Here we investigate how the ISDA Master Agreement may affect the automation of payments and deliveries: we provide a framework for understanding how high-value derivatives contracts are structured at different levels, in terms of both the legal documentation and the workflow; we explain issues relating to how the smart contract code processes payments-related and deliveries-related events; and we discuss the extent to which these are amenable to automation.