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What are the benefits of decoupling contract definitions and processes?

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What are the benefits of decoupling contract definitions and processes?

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The business benefits are reduced time to market, costs, and operational risk. The technical benefits are that processes (e.g., pricing, event management) do not need to be re-written each time a new instrument is introduced and, conversely, new processes do not have to be adapted for each instrument, one by one.

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