Cleared settlement onboarding

Cleared settlement exists for one situation: you want to transact with counterparties you have no paper with. One agreement with Simulmedia, and every cleared seller is reachable.

Buyer steps

• 1. Request cleared on your platform agreement; sign the single settlement agreement.
• 2. Credit setup: new accounts start on the prepay tier (fund a balance, orders draw against it); terms come later with history. Limits are visible at GET /v1/settlement/credit.
• 3. Transact: set "settlement_mode": "cleared" on orders (or let the agreement default it). An order that would breach your limit fails fast with CREDIT_LIMIT, before anything books.
• 4. Reconcile: invoices at GET /v1/settlement/invoices, one statement across all cleared sellers; payments to Simulmedia; Simulmedia pays each seller on its own terms.

Make-goods, back-to-back

The seller's make-good policy travels with the package. On cleared trades, every buyer credit is linked line by line to the seller credit it mirrors in the make-good ledger: what the seller owes is what you receive. Simulmedia does not underwrite delivery it did not receive, and does not keep what it did.

Seller steps

Declare payment terms on your cleared agreement, and that is roughly it: orders arrive identically, approvals work identically, and Simulmedia is simply the counterparty on the invoice for cleared trades. Your cleared invoices are listed at GET /v1/me/settlement/invoices. Direct-settled buyers on your private catalogs are untouched.