settlement
3 free lessons tagged settlement across Business. Each one is a short sequence of focused steps with narration and a five-question quiz at the end — take them in any order, no signup required.
Authorization, Clearing, Settlement: The Three Clocks of a Payment
The tap is instant; the money is not. A card payment runs on three separate clocks: authorization in about a second, clearing in overnight batches, settlement as netted bank transfers. This lesson walks the message flow, explains holds and why they linger, shows why refunds are slow when charges are fast, and follows one transaction through all three phases.
Settlement, Custody, and What Happens When It Fails
Settlement is one instant of exchange, and getting it right means never letting the two legs come apart. This lesson covers delivery versus payment, where securities actually live and who is in the chain, why settlement fails are routine rather than scandalous, and what shortening the cycle costs.
After the Fill: The Gap Nobody Sees
A trade is agreed in microseconds and completed days later. In between, both sides hold a promise rather than an asset, and either could fail. This lesson builds the trade lifecycle, explains why the gap exists at all, and introduces the legal manoeuvre that lets a stranger's creditworthiness stop being your problem.