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This article discusses the process of settlement once you have booked a trade with us.
Summary
Once a trade transaction has been confirmed, an email receipt detailing the trade information will be sent to the client. Trading at Zerocap requires pre-funding of the account with the fiat or cryptocurrency asset. The settlement process will take place with both debit and credit of the client account of the fiat and/or cryptocurrency asset according to the transaction detail. Following the completion of the settlement process, clients can monitor and deploy any of the cryptocurrency assets within their wealth portal as they see fit.
Process
Once you have booked a trade with the OTC team, you will receive an OTC receipt to confirm the details of the trade such as the date, assets, amount…
Zerocap needs to receive the funds before settling the assets into your account:
- If you are buying crypto against fiat, your account must be pre funded with fiat prior to booking a trade with us.
Once the trade is booked, Zerocap will withdraw from your fiat account according to the trade agreement and deliver the crypto into your portal account. - If you are selling crypto against fiat, your account must be pre funded with the crypto assets.
Once the trade is booked, Zerocap will withdraw your crypto account according to the trade receipt and deliver the fiat into your portal account.
For each operation (deposit/withdrawal) into your portal account, you will receive a notification by email.
What is the settlement time?
Zerocap aims to minimise settlement times to the best of our ability. As we operate primarily on a Post Trade Settlement model, funds will be transferred once we have received payment in full. Settlement typically occurs within 1-3 business days following receipt of payment for all transactions.
Post trade settlement
To discuss a post trade settlement agreement, please email otc@zerocap.com.