Clearing & Settlement
Post-trade processing — CCP clearing, netting, fail management, and final settlement.
What happens after the trade. These paths often start at Stage 5 because Stages 1-4 already fired on the Securities or Wholesale rail. The Atlas greys out earlier stages and cross-references the originating rail.
6 PATHS
DTCC · NSCC · Broker-Dealers · Digital Asset · Canton Network · Chainlink · Kinexys · Ondo · Canton · BNY · Goldman Sachs · HSBC · LCH SA · GFO-X · Chainlink CCIP · LayerZero · Wormhole
None — single-regime rail
6 Paths
Traditional CCP clearing — NSCC as central counterparty, CNS netting, T+1 settlement.
DTCC's blockchain pilot with Digital Asset — Canton Network privacy + atomic DvP eliminates fails.
Chainlink's Cross-Chain Runtime Environment enabling DvP across heterogeneous blockchains.
Repurchase agreements on Canton Network — smart contract as compliance artifact, automated lifecycle events.
LCH SA's CCP clearing service for digital asset derivatives — traditional risk framework applied to tokenized instruments.
Settlement via cross-chain bridges — compliance gap at bridge layer, oracle security at finality.
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