Events Subscription
1.2

Subscription

Last update, October 28

Issuance Process Phase 2: Subscriptions management

Subscription Management

Steps 1 to 8 belong to the Issuance Phase 1: Instrument creation described here.

  1. Once notified of the instrument creation, the Lead Manager starts the conversion of allocated IOIs into subscriptions (book execution);
  2. The Investors provide their crypto SSI to their respective dealers;
  3. The dealers enter crypto SSI into the Issuance Facility;
  4. The Lead Manager closes the issuance book, generating final subscriptions;
  5. Based on the crypto SSI provided, the Issuance Facility generates the settlement instructions and submits them to the Registrar, and submits the settlement instructions to the Registrar;
  6. The Registrar processes the settlement instructions (validity checks, etc.) and initiates the settlement transaction processing.