Category Archives: Schedulers
DEVSTORY #11 : Counterparty Knowledge Graph (CKG) for up to date information on your trading counterparties
Before you know it counterparty information and other reference data is out of date. As the data ages, a larger proportion of the data gets out of date. The CKG is a collaborative robotic process to keep all ETRM systems in sync using a single Knowledge graph updated by each counterparty in a trading network. Robotic process automation then keeps all ETRMs in sync using event driven automation
DEVSTORY #11 : Counterparty Knowledge Graph (CKG)
Schedulers, Settlement analysts, and AR/AP professionals at a commodity trading operation need up-to-date operational reference data related to counterparties and service providers. Most systems of record used today by personas in these operational roles are out of date as soon as they are deployed as data changes quickly and the systems are reliant on people to keep them up to date.
Keeping reference data up to date across multiple firms calls for a central repository of this information. The information is updated once by the responsible party. Notifications of change can be sent to other business entities that can elect to update their systems of record manually or programmatically on some or all notifications.