Settlements can be initiated by you or the exchange. When supported, it can be on-demand or based on certain predefined thresholds (see the Supported Exchanges table).
Exchange-initiated settlements
Some settlements are initiated by the exchange itself as per their settlement cycles. For specific times and frequencies see our Supported Exchanges and Assets for Fireblocks Off-Exchange article.
Customer-initiated settlements
The customer-initiated settlement option, which is not supported by all exchanges, allows you to ask the exchange to calculate the amounts due for settlements. This provides visibility on the position intra-settlement cycle. Some of the exchanges also allow you to trigger these ad-hoc settlements without waiting for the settlement cycle to commence.
To initiate and complete a settlement:
- Go to the Exchanges tab in the Fireblocks Console of your main workspace.
- Select the exchange account you want to settle with, and then select Settle.
- Review the settlement instructions generated by the exchange, and then select Settle if you agree.
- You will automatically see any incoming transactions as a result of the settlement. Sign any outgoing transactions as a result of the settlement. These will also be automatically initiated.
For the sake of trading continuity, settlement to the CVA does not alter your available balance on the exchange.