How does the client settles?

Sponsored/Issuer allocations:
Please ensure all clients have payment instructions in place. If there is no direct debit authority, please ensure the client BPAYS or deposits funds (with account number in the reference) into the FinClear Trust account prior to settlement date. This should be a last resort as we encourage all accounts to have linked bank details.

DVP allocations:
Please ensure cards are checked to confirm which PID the allocation is to settle with and include this in the allocation file. If this is not completed, then the trade is automatically booked to settle with the default PID linked on that account.

If the allocation is split on the card, then this must be reflected in the allocation sheet, as this constitutes an additional trade line.