What can I do?
Simultaneous Financial Settlement is now available in PEXA. This functionality can be used for linked property exchanges where the proceeds from one settlement are required as source funds for another settlement and all workspaces must settle at the same time.
With Simultaneous Settlements, up to 10 PEXA workspaces can be linked so that financial settlement of each workspace occurs at the same date and time. If one workspace is unable to settle, all workspaces in the chain will be unable to settle. This model is used on occasions when assurance is required that all settlements in a chain are successfully completed at the same time.
Visit the e-Conveyancing Community for more information on the differences between Simultaneous and Sequential Settlement.