> For the complete documentation index, see [llms.txt](https://docs.cyclex.cc/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.cyclex.cc/trading-and-settlement.md).

# Trading and Settlement

#### **Access**

Registration → KYC/AML → Suitability and jurisdiction verification → Account opening;

#### **Subscription/Redemption**

Executed according to product documentation timelines and fee rules (e.g., T+N);

#### **Secondary Trading**

After passing compliance checks (eligibility/jurisdiction/limits/holder type), transfers are completed via platform matching or within compliant-supported scenarios;

#### **On-chain Settlement**

Post-matching settlement recorded on-chain, with full traceability of transactions and share changes.