Overview

2024-12-19 01:55

Learn about Antom's settlement rules and reconcile using financial reports provided by Antom.

Terms and definitions

The following table introduces commonly used terms in settlement and reconciliation.

Term	Definition
Settlement	Refers to the process of calculating the net settlement amount for all transactions within a settlement batch and transferring the corresponding settlement funds on the predefined settlement date.
Settlement period	Refers to the time interval from the first transaction day to the day that Antom should settle with you. The settlement period varies depending on the following dimensions: For daily settlement, the settlement period is T+N, where N is a variable specified in your contract. Transactions that occur on the T date are all settled to you on the date of T+N. For weekly settlement, the settlement period is W+N, where N is a variable specified in your contract. Transactions that occur during the week are all settled to you on the date of W+N. For monthly settlement, the settlement period is M+N, where N is a variable specified in your contract. Transactions that occur during the month are all settled to you on the date of M+N.
Settlement batch	A settlement batch is formed when the unsettled funds in a settlement period meet the settlement prerequisites.
Currency conversion mode	Determines the exchange rate that is used for settlement and has two types: locked-in and non-locked-in.
Locked-in	When the transaction currency differs from the settlement currency, the settlement amount is determined by the exchange rate on the transaction date.
Non-locked-in	When the transaction currency differs from the settlement currency, the settlement amount is determined by the exchange rate on the next day of the transaction date.

Figure 1. Terms and definitions

Learn about settlement

Antom settles with you based on the settlement rules. It is recommended that you familiarize yourself with the settlement prerequisites, settlement periods, settlement exchange rates, and other settlement-related rules before reconciling. The settlement lifecycle from transaction occurrence to settlement completion varies based on different settlement period dimensions (daily, monthly, or weekly) and currency conversion modes. For more information about the settlement, see the following:

Perform reconciliation

You can perform reconciliation in the following two ways:

Reconcile using reports.
Reconcile using Antom Dashboard.

For more information about how to reconcile using these two methods, see Perform reconciliation.

Reconciliation reports

Antom provides the following three financial reports to help you reconcile:

Transaction details report: contains details of all successful transactions on T day.
Settlement details report: contains settlement details of all transactions within a settlement batch.
Settlement summary report: contains settlement summary information within a settlement batch.