Introduction

In this guide, you will learn how to settle your orders as a client with the Omnibus operating model. We also show you how to retrieve settlement reports via the Investment API and describe the exact process of a data retrieval and how such a report is structured.

How order and post-trade processes work

In an Omnibus setup, Upvest supports settlement on a post-trade basis, while clients manage cash locks independently of Upvest's order execution.

We typically execute orders throughout the trading day so that we can issue a settlement report at the end of the day indicating how much cash is to be received or paid for the trading day.

The following diagram illustrates the post-trade settlement flow:

Order settlement flow

Buy dominant business day

Sell dominant business day

Corporate actions settlement flow

In the case of corporate actions distributions, the main difference is that no withholding tax is applied and upon settlement we generate a separate settlement invoice in the same nature as the trading settlement invoice. Once the settlement invoice is received, we transfer the applicable funds to our client.