How late is "too late"?

[Patrick]

How much time/many days do practitioners and banks need if they want to put a matter through PEXA that's already commenced in paper? What's the latest a matter can be put through PEXA?

[EmilyBilling · Accepted solution]

Hey Pat,

What a great question. There isn’t a set time which is too late to put a matter through PEXA. We’ve had examples when a settlement moved from paper to electronic with less than 24 hours notice, and really depends on the parties involved.

One of the benefits of transacting electronically are that transactions can be coordinated through the shared PEXA workspace, no one needs to be physically present and calls can be organised quickly and smoothly between practitioners.

If you've been involved with online settlements, what are your experiences?

Cheers

Emily, Community Manager, PEXA Employee