Abstract: System and method for dual blockchain based validation of instrument reference data and transaction reporting is disclosed. The method includes receiving raw instrument reference data from a plurality of financial entities that are part of a blockchain network. The method further includes validating the raw instrument reference data based on a smart contract system that executes a plurality of data rules on the raw instrument reference data. The method includes determining in real-time, based on the plurality of data rules, whether the raw instrument reference data includes at least one discrepancy. The method further includes receiving corrected raw instrument reference data contemporaneous to determining that the raw instrument reference data comprises at least one discrepancy. The method includes consolidating instrument reference data received from each of the plurality of financial entities to generate validated instrument reference data.

Abstract: Disclosed herein is method and system for providing real-time unified access to users for monitoring collateral allocation. Allocation information related to allocation of collaterals between a provider and receiver of the collaterals are collected. Also, allocation rules determined by bilaterally agreed collateral terms related to the collaterals allocation and real-time data are retrieved from a reference database. The collected information is validated by comparing them with regulatory rules for allocating the collaterals to the receiver from the provider. Finally, the real-time unified view of the collaterals allocation is provided to the users, thereby establishing a real-time monitoring of the collateral allocation. The present disclosure ensures complete compliance of collateral allocation with the regulatory rules and regulations through real-time checks that are digitally verified.