One author suggests to adapt traceability tools developed by the food processing industry as a way to prevent or correct systemic calamities in the financial market.

Under-assessment of the risks inherent in certain financial products combined with uncertainty about the identity of holders of such products have paralysed interbank liquidity markets, thereby threatening the availability of credit and hence putting the economy at risk.

A possible solution to contain this systemic risk is to implement a traceability system based on a central database of financial contracts and positions that would allow regulators to measure risk concentrations at any point in time. Such a tool would enable the rapid eradication of centers of infection in the event of a crisis.

The implementation of such a tool presents serious technical and organizational challenges, among which the issue of financial contract representation is of paramount importance.

The financial industry lacks a common language for describing financial products.

LexiFi has resolved the issue of representing financial contracts in a computer system.

LexiFi's work is essential for improving transparency in the financial industry. The dissemination of a proven tool for describing financial products contributes to the development of well-functioning markets and to the security of both financial firms and their clients.

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