What does this mean for me?

• Transparency - Participants can easily identify if their workspace is part of a Simultaneous Settlement by viewing the Financial Settlement Schedule. They can also view the progress of linked workspaces and identify early warning signs if any are at risk.
• Security - If a party in the chain is unable to provide pledged source funds, or electronic payment requests are unavailable at a given Financial Institution, PEXA will, following re-try, ensure that none of the linked workspaces proceed to settlement.
• Independent lodgement - If funding is successful but lodgement fails for one workspace, it will not impact any other linked workspace. All lodgements are independent of each other.
• Less risk of lodgement failure - PEXA performs routine lodgement verifications on all documents within a lodgement case to minimise any risk of lodgement failure at settlement.
• Cross-jurisdictional - PEXA allows Simultaneous Settlements to occur across jurisdictions, making it easier to coordinate transactions between interstate participants.