Events Settlement Settlement Transaction Processing
1.6.5

Settlement Transaction Processing

Last update, October 28
Services Description
Settlement instructions processing • Refers to the collection and matching (if needed) of settlement instructions;
• If the settlement instructions provided by the counterparties of a transaction are not pre-matched, the Registrar has the obligation to perform the matching.
• Responsibility of the Registrar.
Record-keeping • Refers to the creation of the Security Tokens’ Smart Contract and the recording of settlement transactions in the STR;
• Includes services such as instrument registry and token factories;
• Includes the recording and maintenance of the Security Token holders’ register.
• Responsibility of the Registrar.
Audits • Refers to the audit of the Security Tokens’ Smart Contract.
• Responsibility of a third party mandated by the Registrar or the Issuer.