# Settlement

At maturity, TermPrime offers two settlement paths so institutions can choose between platform-level atomicity and their existing bilateral workflow.

#### On-platform maturity (atomic settlement)

* The order detail page presents a single **Repay / Return Collateral** action, with the amount due automatically calculated (principal + accrued interest + fees).
* On confirmation, the platform initiates an **atomic exchange**: the borrower pays principal plus interest while the collateral is returned in the same transaction, so either both legs complete or neither does.
* On success, the status updates to *Settled (on-platform)* and a settlement record is produced (transaction hash and reconciliation document).

#### Off-platform maturity (settle, then register)

* The two parties complete repayment or settlement through their existing off-platform or bilateral workflow, each keeping their own evidence.
* Either party then registers the completed settlement on TermPrime, attaching evidence (transaction hash, external document references).
* The counterparty confirms, and the status updates to *Settled (off-platform)*, preserving an audit trail.
* In this path the platform does not move funds or assets; it provides post-settlement record-keeping and reconciliation only.

#### Notifications & status

Throughout the loan lifecycle, TermPrime keeps both parties informed without intervening in risk:

* **LTV notifications (roadmap).** When market moves bring the loan to a warning level or threshold, both lender and borrower are notified. *The platform notifies only; it does not act on risk.*
* **Maturity reminders.** Reminders are sent ahead of maturity and on the maturity date, when settlement options open on the contract page.
* **Status tracking.** Loans move through clear states (e.g. *pending settlement* → *settled on-platform* / *settled off-platform*); overdue loans are flagged and continue to be reminded.
* **Channels.** In-app messages, email, and webhooks for institutional system integration.


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