Transforming Ghana's Foreign Exchange Market
A secure, transparent, and efficient platform for managing foreign exchange transactions, reserves, and regulatory compliance built on DAML distributed ledger technology.
template FxMarket
with
administrator: Party
bankParty: Party
name: Text
swiftCode: Text
active: Bool
where
signatory administrator, bankParty
choice ProposeInterbankOffer: ContractId InterbankOfferProposal
with
sellCurrency: Currency
buyCurrency: Currency
sellAmount: Decimal
exchangeRate: Decimal
expiryTime: Time
potentialBuyers: [Party]
controller bankParty
do create InterbankOfferProposal with
sellingBank = bankParty
administrator = administrator
sellCurrency = sellCurrency
buyCurrency = buyCurrency
sellAmount = sellAmount
exchangeRate = exchangeRate
expiryTime = expiryTime
potentialBuyers = potentialBuyersComprehensive FX Management
A complete solution for central bank oversight, commercial bank operations, and regulatory compliance in the foreign exchange market, powered by DAML smart contracts.
Interbank FX Trading
Secure platform for banks to trade foreign currencies with real-time settlement and central bank oversight through DAML contracts.
Regulatory Compliance
Automated enforcement of regulatory requirements for import/export transactions and remittances with immutable audit trails.
FX Reserves Management
Track and manage foreign exchange reserves across commercial banks with real-time reporting and DAML-enforced rules.
Multi-Party Transactions
Secure handling of transactions involving multiple parties with DAML's built-in privacy and authorization controls.
Treasury Operations
Issuance and management of treasury bills with automated interest calculations and maturity tracking through smart contracts.
Import/Export Controls
Prioritization of essential imports and tracking of export earnings repatriation with DAML-enforced policy rules.
Solving Complex FX Challenges with DAML
Our platform addresses the unique technical challenges of operating a central bank-managed foreign exchange market using DAML's powerful smart contract language.
Secure Multi-Party Transactions
DAML's built-in privacy model ensures that transaction data is only shared with authorized parties, while maintaining a single source of truth.
Real-Time Exchange Rate Management
Smart contracts enforce exchange rate rules and ensure all participants have access to the same rates, preventing market manipulation.
Regulatory Enforcement
DAML contracts encode regulatory rules directly, ensuring compliance is built into every transaction with flexible update mechanisms.
Privacy vs. Transparency
DAML's fine-grained privacy controls allow the central bank to maintain oversight while commercial banks keep their customer data private.
Our Development Journey
The path to transforming Ghana's foreign exchange market with cutting-edge DAML technology.
Phase 1
Core FX Market Operations
- Bank registration
- Currency pair management
- Interbank trading
- FX reserves tracking
Phase 2
Import/Export & Remittances
- Export earnings tracking
- Import request management
- Remittance processing
- Treasury operations
Phase 3
Enhanced Regulatory Tools
- Advanced reporting
- Compliance monitoring
- Policy implementation tools
- Audit capabilities
Phase 4
Advanced Analytics & Integration
- Market analytics
- Forecasting tools
- International system integration
- Mobile access
Ready to transform your foreign exchange operations with DAML?
Join the Bank of Ghana and leading commercial banks in modernizing the foreign exchange market with secure, transparent DAML smart contracts.