Netting run settles 40 balances in one payment

The group netting centre pays each entity one net amount; entity ledgers still show 40 gross balances to clear.

What the agent does

  1. Read the netting statement and map each gross balance to the net settlement
  2. Clear the gross items against the settlement on each entity's ledger
  3. Flag items on the netting statement that are not in the ledgers, and vice versa

What you get back

Forty gross items cleared with the netting statement line cited; exceptions listed.

Related

TieOut Pilot is in early access.

We are onboarding a small number of design partners with real documents and real deadlines. Tell us what you work on and we will set up a workspace with your material.