Platform · Post-trade
Settlement and post-trade: DVP, RVP and FOP straight to the ledger
SWIFT and ISO 15022 instructions generated and dispatched, daily reconciliation, and every movement booked to the general ledger in real time, across markets and custodians.
In short
ZagTrader generates and dispatches settlement instructions by SWIFT, SFTP, email or API, settles DVP, RVP and FOP on per-market T+N cycles, reconciles custodians and client money daily, and books every movement to the general ledger as it happens. Settlement and operations teams work from one record, from instruction to settled, reconciled and booked.
- Settlement types
- DVP, RVP and FOP
- SWIFT
- MT540 to MT548 and MT578, ISO 15022
- Cycles
- T+0 to T+N, set per market
What settlement and operations teams ask first
How instructions go out, how breaks are caught, and how it reaches the ledger.
DVP, RVP and FOP
Settlement per market and custodian, with per-leg status and rejection tracking.
See custody and back officeInstructions out, confirmations in
Early- and final-cut instructions from your SSIs, dispatched by SWIFT, SFTP, email or API.
See SWIFT SuiteDaily reconciliation
Custodian, holdings and client-money reconciliation, auto-matched with exceptions flagged and aged.
See solutions for custodiansT+N per market
Settlement cycles set per market, with holiday-aware dating and end-of-day processing.
See markets and exchangesBooked to the ledger in real time
Trades, fees, commissions and VAT post to the general ledger as they happen, with reversal journals on rollback.
See finance and accountingStock transfers
Client-to-client, inter-portfolio, gift and inheritance transfers, with fee and VAT logic and approvals.
See fees and commissionsRelated guides
Who it's for
- Settlement & operations desks
- Custodians & clearing members
- Back-office & finance teams
- Treasury
What it solves
- Manual settlement instruction creation
- Reconciliation breaks found too late
- Fragmented SWIFT / depository messaging
- No real-time link between settlement and the ledger
Key capabilities
From instruction to settled, reconciled and booked
How it works
DVP, RVP & FOP
- DVP / RVP settlement through central depositories and clearing houses
- Free-of-payment transfers and custodial moves
- SSI mapping per client and custodian
- Early-cut and final-cut instruction generation and dispatch
- FX trade-vs-settlement currency handling
Daily Reconciliation
- Custodian and broker reconciliation from Excel, XML, SWIFT, or drop-copy
- Holdings reconciliation against local and international custodians
- Aggregate client-money reconciliation (omnibus vs. individual accounts)
- Auto-matching by ISIN, quantity, price, and reference
- Exception flagging with aging alerts and escalation
Accounting & End-of-Day
- Real-time GL entries for trades, fees, commissions, and VAT
- Journal segmentation by instrument, broker, client, custodian, and market
- End-of-day position consolidation and net-position settlement
- Settlement rollback with reversal journals
- General-ledger integration via real-time event or batch file
Read settlement messages with our free parser
Decode MT and ISO 20022 messages with our free parser. Paste a settlement message to see every field explained, or look up what a status or reason code such as PEND or NMAT means.
- Every MT block, field, sequence and qualifier decoded in plain English
- ISO 20022 XML shown as a tree, with the MT message that does the same job
- Status, reason and event codes explained, with what to do next
- Runs in your browser: nothing you paste is uploaded
Free to use, no sign-up. Available publicly until further notice.
Frequently asked questions
Which settlement types and cycles are supported?
Delivery versus payment and receive versus payment through central depositories and clearing houses, free-of-payment transfers and custodial moves. Cycles are configured per market (T+0, T+1, T+2, T+N) with holiday-aware dating, and FX trades settling in a different currency are handled.
Which SWIFT messages are used?
MT540 to MT547 settlement instructions and confirmations, MT548 status and MT578 allegements, through a structured ISO 15022 messaging framework. For dedicated SWIFT message processing and monitoring, see SWIFT Suite.
What is reconciled, and how often?
Every day: custodians and brokers (from Excel, XML, SWIFT or drop copy), holdings at local and international custodians, and aggregate client money across omnibus and individual accounts. Items are auto-matched by ISIN, quantity, price and reference, and exceptions are flagged with aging alerts and escalation.
How does settlement reach the general ledger?
In real time. Trades, fees, commissions and VAT post as they happen, segmented by instrument, broker, client, custodian and market. End of day consolidates positions and settles net, a rollback posts reversal journals, and an external general ledger can be fed by real-time event or batch file.
Settle faster, reconcile cleaner
See DVP settlement, SWIFT messaging, and daily reconciliation in a live demo. For dedicated SWIFT message processing and monitoring, explore SWIFT Suite.
100+ institutions run on ZagTrader technology, with $500B+ in client assets on the platform
Institutions that run on ZagTrader technology
