Client quote, order, and RFQ
Turn a client request into a governed quote, accepted order, execution instruction, settlement handoff, and commercial close.
Overview
A client request becomes a priced quote, accepted order, execution instruction, settlement handoff, contract note, and commercial close.
Use this when a client needs a price and the bank must keep quote, acceptance, execution, settlement, economics, and contract-note proof on one institutional order path.
Route coverage
- Captures client objective, product, side, quantity, constraints, and disclosures
- Clears client, product, wallet, counterparty, route, and limit eligibility before price
- Collects quote lines, price source, expiry, spread, commission, and route rationale
- Books accepted quote, client acceptance, execution instruction, and fee disclosure
- Publishes contract note, settlement references, deductions, and close proof
Infrastructure
- Client channel, eligibility gate, RFQ desk, execution venue, and settlement owner stay separate
- Bid/offer, spread, commission, custody fee, settlement fee, tax or deduction, and net rows are visible
- Acceptance timestamp, quote expiry, route rationale, and contract note reference prevent disputes
- The same surface can support digital-asset OTC, fund orders, and tokenized-asset secondary trades
Lifecycle stages
| Stage | Flow steps |
|---|---|
| Client Action Ticket | Capture objective, product, side, quantity, constraints, and commercial disclosure; Show channel fee, client tier, quote validity request, and order constraints |
| Eligibility And Risk Gate | Clear client, product, wallet, counterparty, route, and limit checks before RFQ; Show eligibility fee, limit usage, approval basis, and route constraint state |
| Rfq Route Book | Collect quote lines, expiry, price source, spread, commission, and route rationale; Show bid/offer, bank spread, venue fee, desk margin, and quote expiry |
| Order Booking | Book accepted quote, client acceptance, execution instruction, and fee disclosure; Show order id, accepted price, commission, booking fee, and settlement dependency |
| Execution Settlement Status | Track fills, custody or payment handoff, settlement state, exceptions, and commercial accruals; Show fill price, accrued fee, settlement charge, exception value, and expected close |
| Contract Note Close | Publish contract note, settlement references, gross and net amounts, spread, and commission; Close with contract-note fee, settlement invoice, client deduction, and final proof state |