OTC · Forwards
Forwards, with a dated settlement.
A trade agreed today and settled on a stated future date at the price agreed today, between participants who each keep their own accounts.
What it is
A trade whose terms are fixed at match and whose settlement falls on a later date.
The desk matches the two sides and keeps the record of the terms, the date and both confirmations.
How settlement is recorded
Settlement is designed as an escrow that releases both legs on the settlement date. The escrow contract is in preparation.
The desk writes the terms and both confirmations to the day's record on the day they are agreed and publishes the SHA-256 of that record.
Fees
A flat fee schedule. It is never a share of price, spread or profit.
Numbers on request.
Who it is for
Participants who need a known price on a known date, such as a treasury that will pay a supplier in a set month.
Eligible participants only. Not offered to retail.
This line opens by request. Tell the desk what you need and it will say what can be done.
What you get
- Record. A hashed daily record: every matched trade or quote, with the terms and confirmations, closed once a UTC day and published with its SHA-256.
- Dashboard. The public dashboard is the Record page. A participant console, by invitation, follows.
- Verify. Check any day in your browser: hash the file yourself and compare. Nothing is uploaded.
- Export. The day's JSON, byte for byte, to keep and re-check later.
Venues: as connected, listed on /record/. A sample report is the latest close on the Record page; it is a paper record.
How onboarding works
- Request a desk at /intake/: who you are, which line, a size range.
- The desk screens the parties. Nothing substantive is shared before that is done.
- A written engagement paper states the scope, the flat fee and which accounts you keep, before anything is agreed.
- Your venue accounts are linked as connected and listed on /record/; you keep the keys and the assets.
- Each day closes into the record and its SHA-256 is published, so you can check any day yourself.
Operated by UnyKorn LLC (Wyoming). UnyKorn LLC is a technology and administration service provider. It is not a bank, broker-dealer, exchange, custodian, trustee, transfer agent, appraiser, auditor, investment adviser, money transmitter, or issuer of securities. Nothing on this site is an offer to sell or a solicitation to buy any security, loan, or financial product.