Clear Bay: S.C.O.T.I.A blockchain platform
Eastern Trust offers its trust 'clearing' service as a payment controller function. Our service is about transparency, reliability and simplicity. It is our role as trustee to handle these assets for you and effectuate your intent.
In 2012, Clear Bay introduces the Standard Control on Transactional International Agreements (known as SCOTIA). Its purpose: to change the way business is conducted in the physical delivery OTC commodity markets by enabling the creation of tradeable standard products.
Acting as a 'Master Agreement', SCOTIA provides a single, accepted set of terms and conditions, and a range of quality specifications and delivery points for transnational sales and purchases. Although it can be used offline, in bilateral and brokered deals, it also governs each and every transaction executed on the ClearBay online trading platform.
SCOTIA is developing increased adoption as the contract of choice by producers, consumers and traders worldwide, both for screen trading and in bilateral transactions. Our mission is to efficiently, anonymously but with full price and volume transparency engender a robust marketplace at ClearBay.
SCOTIA is a dynamic resource evolving in a fast-paced environment, SCOTIA is constantly being revised and enhanced in response to market developments to ensure that it remains relevant, effective, and captures new market opportunities. SCOTIA evolves based on a collaborative approach with ClearBay members.
ClearBay operates within the following principles:
CONFIDENTIALITY: the core of market integrity. No sensitive information is ever released to members or third parties.
NEUTRALITY: ClearBay favours neither consumers, producers nor traders.
OPEN ACCESS AND TRANSPARENCY: ClearBay systems are available to all market participants who join as Market Members. ClearBay promotes the dissemination of market information and the use of objective, transparent indices for price discovery.
INDEPENDENCE: ClearBay is a distinct business with a structure independent from its members' as Eastern Trust, the foremost name in Atlantic Canadian institutional trust services.
For more information on ClearBay Beta testing, please contact us.
We are supported by proprietary USPTO patent technology: Trust Enhanced Algorithm