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Implementing a financial derivative as smart contract

Author

Listed:
  • Christian Fries
  • Peter Kohl-Landgraf
  • Bjorn Paffen
  • Stefanie Weddigen
  • Luca Del Re
  • Wilfried Schutte
  • David Bacher
  • Rebecca Declara
  • Daniel Eichsteller
  • Florian Weichand
  • Michael Streubel

Abstract

In this note we describe the application of existing smart contract technologies with the aim to construct a new digital representation of a financial derivative contract. We compare several existing DLT based technologies. We provide a detailed description of two separate prototypes which are able to be executed on a centralized and on a DLT platform respectively. Beyond that we highlight some insights on legal aspects as well as on common integration challenges regarding existing process and system landscapes. For a further introductory note and motivation on the theoretical concept we refer to https://www.law.ox.ac.uk/business-law-blog/blog/2018/12/smart-derivative-contract-constructing-digital-financial-derivative . A very detailed methodological overview of the concept of a smart derivative contract can be found in doi:10.2139/ssrn.3163074.

Suggested Citation

  • Christian Fries & Peter Kohl-Landgraf & Bjorn Paffen & Stefanie Weddigen & Luca Del Re & Wilfried Schutte & David Bacher & Rebecca Declara & Daniel Eichsteller & Florian Weichand & Michael Streubel, 2019. "Implementing a financial derivative as smart contract," Papers 1903.00067, arXiv.org, revised Mar 2019.
    • Handle: RePEc:arx:papers:1903.00067
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