Ask us anything. We're here to help.

2021-02-01 New Participant Positions Page

Portal Updates

There are 2 changes:

  • 1. A new "Participant Positions" page
  • 2. An updated "Platform Positions" page

Here is the Participant Positions page location on the Portal:

Screen_Shot_2021-02-01_at_9.59.37_PM.png

This page allows any Zero Hash customer of a platform to view helpful position-related stats:

mceclip1.png

 

The Platform Positions page is located in the same spot and has a similar look to that of the Participant page, providing insight into the positions of all customers in addition to yours:

mceclip3.png

Stats and Definitions

Position (Accepted)- Refers to a position that exists due to trades that have not yet been processed by the settlement system, i.e. due to trades with a trade state of 'accepted'.

NAB- Net Account Balance that is held in an asset on a particular platform. It is calculated as: Available + Receivable - Payable + Collateral - Collateral Payable.

Expected NDO- Position (Accepted) minus NAB. If this number is less than 0, you do not owe for this asset as of this moment. The value will display as 0 in this case. In other words, this is the Net Delivery Obligation that will become due in the future based on your current positions.

Position (Active)- Refers to a position that exists due to trades that have been processed by the settlement system, but are outstanding due to outstanding delivery obligations, i.e. due to trades with a trade state of 'active'.
NDO- Refers to Net Delivery Obligations. This amount must be delivered before Position (Active) can settle.

Position (All)- Refers a position due to all open trades, i.e. due to trades with a trade state of 'accepted' or 'active'.

Example

Participants:

  • Institutional Exchange (KYZN8L) operates_platform_for
  • Liquidity Provider (RROED8) 

Step 1- No trades

The Liquidity Provider:

  • Position (Accepted)- has no Accepted trades
  • NAB- has an NAB of 20 BTC and 523,000 USD
  • Expected NDO- does not have an expected NDO, since there are no Accepted trades
  • Position (Active)- has no Active trades
  • NDO- has no NDO
  • Position (All)- has no positions, since there are no Accepted or Active trades

 

Screen_Shot_2021-02-01_at_10.44.18_PM.png

 

Step 2- Trade submitted

Liquidity provider sells 25 BTC. The Liquidity Provider now:

  • Position (Accepted)- has an Accepted trade, selling 25 BTC
  • NAB- has an NAB of 20 BTC and 523,000 USD (has not changed)
  • Expected NDO- is expected to have to deliver 5 BTC
  • Position (Active)- has no Active trades. No settlement has been attempted yet
    NDO- has no NDO, since no settlement has been attempted yet
  • Position (All)- has an overall position of -25 BTC and 750,000 USD

Screen_Shot_2021-02-01_at_10.50.52_PM.png

 

Step 3- Settlement

Zero Hash attempted settlement. The Liquidity Provider now:

  • Position (Accepted)- has no Accepted trades
  • NAB- has an NAB of -5 BTC and 1,273,000 USD
    • BTC: 20 + 0 - 25 + 0 - 0 (Available + Receivable - Payable + Collateral - Collateral Payable)
    • USD: 523,000 + 750,000 - 0 + 0 - 0
  • Expected NDO- is expected to have to deliver 5 BTC
  • Position (Active)- has an Active trade, selling 25 BTC
    NDO- has an NDO of 5 BTC
  • Position (All)- has an overall position of -25 BTC and 750,000 USD

Screen_Shot_2021-02-01_at_10.55.41_PM.png

 

 

Step 4- Obligations met

Zero Hash fulfills settlement obligations. The Liquidity Provider now:

  • Position (Accepted)- has no Accepted trades
  • NAB- has an NAB of -5 BTC and 1,273,000 USD
    • BTC: 20 + 0 - 25 + 0 - 0 (Available + Receivable - Payable + Collateral - Collateral Payable)
    • USD: 523,000 + 750,000 - 0 + 0 - 0
  • Expected NDO- does not have an expected NDO, since there are no Accepted trades
  • Position (Active)- has an Active trade, selling 25 BT
  • NDO- has no NDO
  • Position (All)- has an overall position of -25 BTC and 750,000 USD

Screen_Shot_2021-02-01_at_11.14.09_PM.png

 

Step 5- Zero Hash re-attempts settlement

There is usually a small amount of time between steps 4 and 5, perhaps minutes.

The Liquidity Provider now:

  • Position (Accepted)- has no Accepted trades
  • NAB- has an NAB of 0 BTC and 1,273,000 USD
    • BTC: 0 + 0 - 0 + 0 - 0 (Available + Receivable - Payable + Collateral - Collateral Payable)
    • USD: 1,273,000 + 0 - 0 + 0 - 0
  • Expected NDO- does not have an expected NDO, since there are no Accepted trades
  • Position (Active)- has no Active trades
  • NDO- has no NDO
  • Position (All)- has no positions, since there are no Accepted or Active trades

Screen_Shot_2021-02-01_at_11.19.44_PM.png