Settlement Process Overview
Transaction settlement is the process of finalizing and clearing financial transactions between parties through the NVC Banking Platform.
Settlement Flow
Initiation
Transaction request submitted
Validation
Security and compliance checks
Processing
Fund movement and clearing
Settlement
Final confirmation and record
Settlement Types
- Real-time Settlement: Immediate processing for internal transfers
- Batch Settlement: End-of-day processing for external transfers
- SWIFT Settlement: International wire transfer clearing
- Blockchain Settlement: Smart contract execution for NVCT transactions
Settlement Timeframes
- Internal NVC transfers: Immediate
- Domestic wire transfers: Same business day
- International SWIFT transfers: 1-3 business days
- ACH transfers: 1-2 business days