When there has been an update of the proposed Settlement date and/or time, notifications are issued to all affected participants. Once a settlement date and time is proposed, all Participants in the workspace, except those acting in the role of Consentor, CT Controller or Caveator on Title, must affirm their acceptance of the proposed settlement date and time or propose an alternative. All participants in the workspace are able to see the acceptances of other participants.
Important Note: The acceptance of the proposed settlement date and time is a pre-requisite for the lodgement case linked to Financial Settlement to proceed to a status of Ready.
Workspace Summary, My Subscriber Outstanding Tasks
A task is generated for all affected participants indicating that acceptance of the proposed Settlement Date and Time is required.
Click on the Accept or Propose New Settlement Date and Time in the My Subscriber Outstanding Tasks.
Review the Proposed Settlement Date and Time.
Select Accept or Propose new date and time, and then click Save.
Select the Settlement tab on the left hand navigation panel, review the details of the settlement date and time, and choose either Accept Settlement Date or Change Settlement Date.