LET'S ROCK!
Settlement Term
Settlement Term | Description | add. fees |
|---|---|---|
next day | Settlement happens on the next business days, although funds were not yet collected from the issuing banks yet. | 2.00% |
daily after 31 days | Settlement happens on a daily basis after an initial 31 days which is the standard settlement term from issuing banks. | none |
previous week | We settle you every Monday for the previous week. | 2.00% |
previous month | We settle you on the 10th of each month for the previous month | 2.00% |
month before previous month | We settle you D+40 after month end | none |
bi-weekly | We settle you bi-weekly on the 16th and 10th of each month for the previous two weeks | 2.00% |
bi-weekly after 31 days | We settle you bi-weekly with a delay of 31 days to be aligned with the settlement term from issuing banks | none |