Indeval operates under the settlement models established by the Bank of International Settlements (BIS). S.D. Indeval's Delivery Versus Payment (DvP) model combines securities and cash clearing (BIS Model 3), as well as transaction-by-transaction settlement (BIS Model 1) so that as long as participants have the protection and funds available, the settlement will be made in full or in part.
In addition to the DvP model, for fixed income and government securities transactions, a TLPs or FoPs (Free Transfer of Payment) settlement scheme can be used, consisting of settlement until the full position exists to cover 100% of the transaction's securities.
The settlement is done in real-time in the system; no process is Batch. Settlement cycles are performed every 2 minutes, and it takes seconds for the process to start and end.