Settlement

Settlement is where the network settles net amounts between your settlement account(s) and the network. Settlement is typically generated once per day per settlement account / currency.

How it works

1. Open Fabric sends a settlement file ready notification (see Settlement file ready notification).
2. You download the settlement report from the provided URL specified in the settlement file ready notification.
3. You process the file for your finance operations and reconciliation.

info

The settlement report will be uploaded to a specific S3 bucket and the complete S3 URL of the report will be included as file_ref in the settlement file ready notification.

The S3 bucket details will be established as part of the onboarding process.

Structure of the Settlement Report

File name PBA_EOS_<UUID>_<YYYYMMDD>_<HHmmSS>.json

File format JSON

Location S3 Bucket as configured for you.

Frequency Once a day, corresponding to the end of settlement cycles from the card network.

note

The settlement report should be delivered approximately around 19:10 UTC

Schema The settlement report is made up of two sections:

1. Net settlement summary: totals, net amount, dates, and currency metadata.
2. Settlement records: line-by-line records and fees.

See Settlement report schema for details.