Collateral Definition: An asset that is delivered by the collateral provider to secure an obligation to the collateral taker. Collateral arrangements may take different legal forms. Collateral may be obtained using the method of title transfer or pledge of assets. An asset or third-party commitment that is used by a collateral provider to secure an… Read More »
Clearing Definition: The process of transmitting, reconciling and, in some cases, confirming transactions prior to settlement, potentially including the netting of transactions and the establishment of final positions for settlement. Sometimes this term is also used (imprecisely) to cover settlement. For the clearing of futures and options, this term also refers to the daily balancing… Read More »
Available Balance Definition: The total funds a participant in a payment system has available for settlement of transactions at any moment. Calculated as a total of some pre-defined components: opening balance net value of credits and debits processed but not applied yes usable minimum reserve requirement account limits collaterals (loans, pledged securities, pledged stock options… Read More »
Acceptance for Settlement Definition: The moment at which a payment transaction becomes irrevocable as far as the sender is concerned. This is the point at which a transaction passes the tests to determine whether there is sufficient collateral for the transaction to proceed. Details: You have to see this as the last stage of a… Read More »
This post is more like a personal note of the resources indicated by Balaji as a must read if you want to start the journey of understanding crypto currencies and the underlying technology. Mastering Bitcoin Mastering Bitcoin is a book for developers, although the first two chapters cover bitcoin at a level that is also… Read More »
Starting from 9th of June 2021 #Bitcoin is legal tender in #ElSalvador. This has major world wide consequences and bellow are my takes on this. No country can tax profits from selling #Bitcoin as is no longer an “asset” but a currency. Remember #XRP issues with this topic. The Federal Reserve is investigating Ripple company,… Read More »
Swift MT and ISO messages are the basic message formats used all across the financial world in most of the payment systems. Yes there are notable exceptions like NACHA or some country specific message formats but if you need to interface with or implement some payment system that at some point connects to SWIFT you… Read More »
I all this BTC craze I wanted a nice way to get all the time the latest Bitcoin value and the value of my BTC stash.
This is my small contribution to the decentralized finance. Bitcoin is a future store of value. Bitcoin is not a traditional currency. Craig Wright It’s Not Satoshi. I am a Coinbase customer. I have a Mycelium wallet also. Stock market is a scam, do not buy shares. Banks are no longer a valid way to… Read More »
When you start reading lots of VC tweets and blog posts is easy to get confused by the deluge of acronyms they use. The following are the basic definitions for the most important acronyms. CAC = Customer acquisition cost TAC = Total acquisition cost LTV= Lifetime value TAM = Total available market YoY growth =… Read More »