# Settlement #### **How is a trade settled?** As we operate in the OTC market, we need to settle a net open position (NOP) directly with our trading partners. It might be a blockchain transaction or a bank wire. Normally, we exchange the standard settlement instructions (SSIs) prior to trading, as adding a new blockchain address usually takes up to 48 hours due to white-listing procedure. We usually require our trading partners to deliver or pay first. Alternatively, we can DVP settle via one of our custodian partners. Please ensure that your sending and receiving addresses are the same. This is a mandatory requirement. #### **What are the settlement options?** * Fiat currencies: * EUR: SEPA, SEPA Instant, SWIFT, BLINC * USD: SWIFT, BLINC, ACH, Fedwire * GBP: Fast Payments (FPS), CHAPS (upon request) * Digital assets: * a blockchain transaction #### **Which banks do you work with?** We have bank accounts with several banks and payment institutions. Settlement within the same banking partner is a great option to improve the delivery process, as it is usually available 24/7, triggers fewer AML compliance questions, and incurs no or minimal fees. Check our [website](https://finchtrade.com/#methods) to discover the banks we currently have accounts with. #### **What is the limit for SEPA Instant payments?** The SEPA Instant limit is 1M EUR per transaction. For amounts exceeding this limit, the payment can be sent via standard SEPA or split into several transactions. For specific cases, please reach out to your account manage #### Where can I find FinchTrade's bank details and wallet addresses? All current bank details and crypto wallet addresses are available in your account at [app.finchtrade.com](https://app.finchtrade.com/). #### **Can you handle Fiat on/off ramps?** Yes, our main focus is EUR liquidity, namely BTC/EUR; however, we support other fiat currencies like USD or GBP, too. Contact us to figure out if we can help you with your specific request. #### What reference should I include when making a fiat deposit? We have automated the process of deposits:\ 1\. Please add all your IBANs on [app.finchtrade.com](http://app.finchtrade.com) (make sure to tick the box indicating it is a pooled account).\ 2\. When sending funds, please specify your number in our system (MG9999) in the description field. MG ID Can be found by clicking your profile icon in the lower left corner of the app under your email and company name. #### **Do you support payments to third parties?** We only send a fiat currency to the bank account in your name and a digital asset to your wallet. However, we are ready to discuss your particular case and find a suitable solution. #### **Do you use cold wallets? Are there security certificates?** FinchTrade uses Fireblocks and Inabit as custodians, which use MPC technology and provide a powerful tool to manage blockchain wallets and transactions. All addresses are white-listed. #### How are my crypto assets stored and how long can I keep them? Your crypto assets are held in our custody solution (Fireblocks and Inabit, using MPC technology). If your company has dedicated professional treasury, assets can be stored indefinitely. If not, the maximum holding period is 60 days. #### Is intraday (instant) trade settlement available? Yes. FinchTrade supports instant settlement without the need to wait until end of day. Clients can perform multiple settlements throughout the day, providing greater flexibility in liquidity management. #### Deposits are taking longer than expected. What could be the reason? Please ensure that the blockchain transaction has “confirmed” status and that the sending address is added and approved in your FinchTrade account before contacting support. #### Is it possible to lock the position parameters at the moment a request is created? Once a request is submitted, the system requires a short processing time. During this period, market conditions or position parameters may change. If, at the time of actual processing, the required conditions are no longer met, the operation may not be executed. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://help.finchtrade.com/how-it-works/settlement.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.