How do I allocate funds?

Allocating & Account Groups

Account groups are the combination of accounts designated for a specific purpose, for example trading with a specific platform. Within zerohash, participants can autonomously and easily allocate funds to specific account groups in real-time. Funds allocated to a specific platform would then become available for settling trades executed with that platform. Participants can also move funds to a special UNALLOCATED account group, to control what is made available to specific counterparties.

A participant can allocate funds across various account groups by navigating to Allocations page, available on the portal's sidebar. From there, you can move funds instantly.

Allocation Example

A trade has been entered:

• Party 1: Platform A (PLAT01)
  • Buys 0.1 ETH for USD
  • Therefore, owes $10,000 to settle the trade
• Party 2: Platform B (PLAT02)
  • Sells 0.1 ETH for USD
  • Therefore, owes 0.1 ETH to settle the trade
• zerohash attempts to settle, but Platform B does not have 0.1 ETH allocated to Platform A Platform, and as a result, has a Net Delivery Obligation (NDO) of 0.01 ETH. To meet it, it needs to be allocated accordingly.
• As a result of the NDO, the state of the trade is obligations_outstanding.
• Platform B allocates 0.01 ETH to Platform A Platform so that the trade can settle.

• Now that the NDO is met, Platform B has a sufficient available balance associated with the OTC Trading Platform for the trade to settle:
• zerohash processes the trade again and we find it fully settles, assuming that Platform B has also properly met its obligations. The trade state has been updated.