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 Zero Hash, 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: Zodiac Finance (N6ZGLA)
- Buys 0.1 ETH for USD
- Therefore, owes $10,000 to settle the trade
- Party 2: Solstice Capital (DZ2WOF)
- Sells 0.1 ETH for USD
- Therefore, owes 0.1 ETH to settle the trade
- Zero Hash attempts to settle, but Solstice Capital does not have 0.1 ETH allocated to Zodiac Finance Platform, and as a result, has a Net Delivery Obligation (NDO) of .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.
- Solstice Capital allocates .01 ETH to Zodiac Finance Platform so that the trade can settle.
- Now that the NDO is met, Solstice Capital has a sufficient available balance associated with the OTC Trading Platform for the trade to settle:
- Zero Hash processes the trade again and we find it fully settles, assuming that Solstice Capital has also properly met its obligations. The trade state has been updated.
Updated 10 months ago