Perform settlement

Trigger: A cleared financial transaction or batch of transactions is presented for the final exchange of funds or assets.

1. Receive cleared transaction data from trading platforms or clearinghouses
2. Verify counterparty account balances and settlement risk limits
3. Calculate gross or net settlement obligations for the cycle
4. Execute the transfer of funds and assets between accounts
5. Reconcile and update internal and central bank ledgers
6. Dispatch settlement confirmations to all involved parties

Outcome: Funds and assets are irrevocably transferred between counterparties, and all relevant ledgers reflect the settled obligations.