> For the complete documentation index, see [llms.txt](https://docs.unich.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.unich.com/pre-market-otc/settlement-rules.md).
# Settlement Rules
Settlement Time: 24 hours from the moment of TGE. We will count down when the project lists its token on the first exchange.
## Success in Perform Settlement
***Seller:***
* Must transfer tokens before the settlement deadline.
* Upon completion of the transaction, the seller receives back their collateral and the buyer's settlement funds.
***Buyer:***
* Must continue to deposit the remaining payment into the contract to complete the transaction.
* Upon completion of the transaction, the buyer receives tokens from the seller.
## Failure to Perform Settlement
**If *****the seller***** does not perform the settlement:**
* The seller will lose all collateral.
* The buyer will receive back the collateral and compensation equal to the buyer's collateral amount, after deducting the transaction fees for both parties.
The asset the buyer receives = 2 × Buyer's collateral - 4% × Buyer's trading volume.
**If *****the buyer***** does not perform the settlement:**
* The buyer will lose all collateral.
* The seller will receive back the collateral and compensation equal to the seller's collateral amount, after deducting the transaction fees for both parties.
The asset the seller receives = 2 × Seller's collateral - 4% × Seller's trading volume
**If both *****the buyer***** and *****the seller***** fail to perform the settlement:**
* #### Both the buyer and the seller will receive their collateral back.
* The buyer receives: Collateral - 2% transaction fee - 0.5% refund fee
* The seller receives: Collateral - 2% transaction fee - 0.5% refund fee
Notes: If the token listing schedule is delayed or canceled, please refer to our FAQs.
