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
- Party 1: Zodiac Finance (N6ZGLA)
- 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: