Sell via Autogiro

Example with an instrument in SEK.

Click on the Sell button to sell the position in an instrument.

Select Autogiro as Settlement Account. The customer's external account of the type autogiro will be prefilled in the bank account. When selling a position there is only possible to do a one-time payment. Click Confirm when entered all the information.

First, will a sell order be placed and when the money is available on the account the withdrawal/autogiro order will be activated. The autogiro order has the status Pending Financing.

The placed order will be handled according to its order route (execution interface).

The autogiro order will be placed when the order is finished. There is no longer a position on the account. The money from the sale is reserved for the autogiro order.

Navigate to Order Management > Autogiro to handle the autogiro withdrawal order.

The autogiro order will be exported in a file to BGC (read more here) and will get order status Sent (Active). When BGC has handled the order the back office administrators will receive a file to import to Bricknode Broker and the order will get status order status finished.

On the customer overview, we can see that there is a sell transaction and an autogiro withdrawal transaction. The money from the sale is now transferred via autogiro to the customer's bank account.