Settlement Service

Commodities Settlement

The first OTC precious metals simultaneous settlement solution

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Settle With Confidence

Paxos Settlement Service for Commodities delivers fully automated management of your entire post-trade lifecycle; including multilateral payment netting and simultaneous settlement for the OTC commodities market, increasing efficiency and reducing counterparty risk. 

Automated Management of the Entire Post-trade Lifecycle

Consolidate transfers to one instruction per asset/currency across all counterparties. Paxos Settlement Service allows you to unite cash and metals settlement, eliminate manual errors and reconciliation, and still maintain transparency and control within one user interface.

Efficient Multilateral Payment Netting

Scale your business with the first OTC precious metals settlement solution offering multilateral payment netting for both cash and precious metals. This allows you to increase operational efficiency, reduce the amount of funds leaving your accounts and unlock working capital.

Safe, Simultaneous Settlement

Limit risk with pre-settlement assets protected in trust and simultaneous settlement occuring when both parties have funded their settlement obligation. This allows you to reduce counterparty settlement risk, manage time zone challenges and settle with confidence.

Value of transactions confirmed

>$ 1 T

Number of transactions confirmed

> 1000000

Number of names in network

> 0

Paxos Helps Organizations Achieve Compliance

GUIDANCE/REGULATION

LBMA Global Precious Metals Code on Post-trade Principle 6.1

SOLUTION

Confirmation and Settlement Affirmations

GUIDANCE/REGULATION

The European Market Infrastructure Regluation – Dispute Resolution

SOLUTION

Confirmation and Settlement Affirmations

GUIDANCE/REGULATION

The European Market Infrastructure Regluation – Compression

SOLUTION

Multilateral Trade Compression

Paxos Settlement Solutions

Our suite of settlement services aims to reduce risk and save cost, so you can settle with confidence. 

Trade Confirmations

Paxos automatically generates confirmations in your counterparties’ preferred format and matches their responses, flagging any discrepancies

Settlement Affirmation

Net settlements per counterparty and value date are automatically calculated and affirmed with counterparties

Multilateral Payment Netting

Make a single pay/receive per asset or ccy 

Platform manages subsequent settlements from net amounts

Simultaneous Settlement

Simultaneously exchange pay and receive legs as soon as both parties’ funds are available

Paxos can ingest data from a variety of sources throughout the settlement workflow, including automated import via email, JSON, CSV, XLS, XML, PDF, SFTP, API, and SWIFT.

Contact Us

 

Ready to reduce settlement risk and increase operational efficiency? Please complete the form and we’ll be in touch right away. 

Frequently Asked Questions

We believe we are the most cost effective post-trade automation platform in the market. Set-up costs are typically zero, allowing you to get started with no upfront cost or risk. Pricing is based on volume, with enterprise packages available. Request a quote by emailing [email protected] 

We’re constantly expanding our capabilities based on the needs of our clients. Today Paxos Post-Trade can automatically confirm and settle trades for over 125 product codes, including precious metals, base metals, energy, freight, agricultures and FX. Our platform is built to scale — new assets can be added as quickly as within one business day. Request a new product by emailing [email protected]

Paxos Post-Trade provides full end-to-end automation of the post trade lifecycle, from trade confirmations to settlement affirmations and transfer instructions. This includes end-to-end transfer instruction management for depositories.

Using Paxos and a single feed of trade level data, you can automatically create trade confirmations, calculate and agree net settlement amounts and generate transfer instructions.

Schedule a demo! A Paxos Post-Trade representative would be happy to walk you through the platform’s features and benefits in a live demo. Email us at [email protected] to schedule.

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