> For the complete documentation index, see [llms.txt](https://docs.neox.vn/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.neox.vn/docs/global/global-collections/settlement.md).

# Settlement

Settlement is the stage that credits reconciled cross-border funds into the merchant's Global Collections balance, making them available for conversion and payout.

***

## Settlement period

* The merchant has a settlement period **(T)** with a start time, both configured by NeoX.
* A settlement runs only when the merchant has **at least one successful reconciliation** in the period.

> Example: if (T) is 3 days starting on the 10th of the month, all reconciliations completed between the 10th and the 13th are settled on the 13th.

## Settlement process

When a settlement runs:

* The settled reconciliations' status changes to **"Paid"**.
* The merchant's Global Collections balance is credited with the reconciled amount, in the currency of each reconciliation.
* The settled amount is removed from the pending (unsettled) collection total.

## After settlement

Once funds are settled, the merchant can:

* **Check the balance** — call [Get Account Balance](/docs/global/global-collections/integration/accounts/get-account-balance.md) (`GET /v2/gc/accounts/balance`) per currency, or view it on the Merchant Portal.
* **Convert currency** — lock a rate and execute a trade via the [FX APIs](/docs/global/global-collections/integration/fx.md).
* **Pay out funds** — register a beneficiary and initiate a payout via the [Payout Request APIs](/docs/global/global-collections/integration/payout-requests.md).

## Multi-currency note

Settlement is performed **per currency**. Each currency balance settles on its own reconciliations; there is no implicit conversion at settlement time. Convert between currencies explicitly with the [FX APIs](/docs/global/global-collections/integration/fx.md) when required.

## Viewing settlement status

To check which reconciliations have the **"Paid"** status, log in to the Merchant Portal, choose the **Global Collections service**, then open **Reconciliation report**. To view the credited balance, open **Collection account**.


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