What We Do at a Glance
Standardize value transfer with FQX electronic negotiable instruments
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Enabling the Renaissance of Negotiable Instruments
Negotiable instruments are documents representing an unconditional promise to pay a certain amount of money on a certain date or on sight. They have been a common tool in financing for over 1'700 years. There are, however, numerous restrictions and risks due to their paper-based nature.
Digital technologies such as Distributed Ledger Technology (DLT), qualified electronic signatures and unique data objects combined with new legislations trigger a paradigm shift in trade and corporate finance and initiate a renaissance of negotiable instruments.
FQX operates the eNI system, an internationally distributed electronic registry system that records rights and beneficial ownership interests in electronic negotiable instruments (eNI) and allows efficient and secure transfers.
FQX and the eNI System were created to streamline the negotiable instruments process by using electronic commerce. Beneficiaries of FQX include note originators, wholesale lenders, commercial lenders, insurers, investors and corporate businesses.
The FQX eNI Infrastructure
FQX uses a state-of-the-art Hyperledger infrastructure with the highest standards in regard to data encryption, integrity and resilience. All data is replicated between multiple trusted nodes in real time.
Instead of creating complex SPVs and rule books requiring the support of expensive lawyers, FQX allows using worldwide-recognised and proven negotiable instruments - just in electronic form.
FQX integrates Qualified Electronic Signatures (QES) and Seals from its partner Swisscom Trust Services to guarantee compliant and legally binding negotiable instruments.
From Papers to eNI: Best of Two Worlds
eNI Use Cases
Traditional ways of documentary trade finance are paper-based which is inefficient and limits the fungibility and liquidity of the overall market. Supply chain and sales finance today is mostly based on receivables finance or approved payable finance continuously struggling to satisfy accounting and flexible liquidity needs. Plentitudes of individual and fragmented solutions are mostly addressing only one or two working capital needs of global corporations.
FQX offers a simple and flexible way to issue and transfer eNI allowing secure and effective liquidity exchange between corporations.
eNI represent a paradigm shift in financing
FQX provides the infrastructure
eNI will transform financial supply chains
just like containerisation changed physical supply chains
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