CONTINUOUS NETTING • Integrates with internal systems, via APIs, without the need to overhaul existing internal infrastructure • Captures settlement obligations across multiple legal entities • On-demand, rules-driven engine contains a dashboard that monitors and tracks obligations, payment and end settlement of funds • Enables clients to benefit from netting and splitting opportunities ACCOUNT SNAPSHOT • Baton connects to CCPs, aggregating and normalizing intraday data • Provides real-time visibility into excess/deficit calculations, collateral posted and clearing house specific eligibility, haircuts and risk thresholds • Automated rules-based engine provides the interface to initiate pledge, recall or substitute instructions BATON LEDGER • Seamlessly and accurately transfer assets internally—between entities, geographies or front offices, in any currency—to drive more profitable funding results • Synchronize and accelerate payments with DVP & PVP for any type of obligation, including brokerage fees and financing • Automate workflows and reduce risk, supported by a rulebook to confirm agreed parameters