Trade Settlement Processes

Updated: Nov 23, 2021

How we settle trades at Conduit Global Markets...

 

Fixed Income/Structured Product Settlement


Example Bond Trade, settles

Client Trade Side:

​BUY

Security:

BABA 3.6 11/28/24

Nominal:

USD 1,000,000

Gross Price::​

100.05

Net Price:

100.15

Accrued Interest:

USD1,500

​Net Proceeds:

USD1,003,000

 Fixed Income/Structured Product Settlement
Delivery Vs Payment via Euroclear

Conduit stands back to back between the client and the market, acting as an agent to enable our clients to trade via multiple market counterparties without onboarding them directly

  • Conduit’s license conditions mean we cannot take positions or trade on our own account

  • Delivery vs. Payment: securities and cash settle simultaneously

  • Settlement is via Euroclear / Clearstream - standard market settlement infrastructure

 

Equity Settlement


Example Equity Trade

Client Trade Side:

BUY

Security:

AAPL US

​Shares:

USD 10,000

​Gross Price:

135.0000

Net Price:

135.3375 (25 bps)

Net Proceeds:

USD1,353,375.00


 Equity Settlement
Direct Equity Settlement DVP via Stock Exchanges
  • Conduit places orders electronically with our panel of institutional equity brokers;

  • An anonymous account number is specified on the order which is mapped to the clients’ standard settlement instructions;

  • After execution, Conduit sends a confirmation to the Client and their custodian with detailed instructions for settlement;

  • Settlement is anonymous, via standard market infrastructure from the broker to the client’s custodian.