The challenges of Smart Contract implementation Immediate integration of legally binding contracts into documentation storage platforms and of the terms of those contracts into wider IT infrastructure that capture, analyse and monitor trade terms • This is an enormously useful feature of Smart Contracts: some clearing brokers will have hundreds of contracts with their client base, possibly thousands. This is an efficient way of establishing: o What contracts have you entered into? o When? o With whom? o On what terms? o To what extent do those terms deviate from the house template? o How many of those agreements contain a specific provision? UNRESTRICTED 66