A business OTC enquiry should describe both the proposed trade and the entity making it. Confirm who can act for the business, how funding will be arranged and which records are required. The desk must establish eligibility and onboarding requirements before progressing.
Who can agree the transaction?
Identify the person who can discuss the enquiry and the person who can accept a quote. These may be different roles. Ask what evidence or authorisation the desk requires and use the approved channel for documents.
Keep internal approvals consistent with the quote’s expiry. If an acceptance needs more than one approval, explain this in advance rather than assuming a price will remain open while the process is completed.
What should the trade brief include?
- The entity and the role of the person enquiring.
- The asset, direction and intended amount.
- The quote and settlement currency.
- Preferred timing and any funding dependencies.
- Approval, reporting and settlement requirements.
A first website brief should not contain identity documents, account credentials, bank details or private wallet information. The desk will explain how to provide required material.
How should funding be coordinated?
Discuss the approved sending and receiving arrangements before accepting a quote. Confirm account requirements, payment references and deadlines. Your bank’s checks and limits can affect the transfer.
For an asset transfer, verify the token or coin, network and destination. Decide who within the business checks the instructions and how any change will be confirmed.
Which records should the business request?
Ask what trade and settlement records will be provided. Keep the accepted terms, approval record, payment or blockchain reference and completion evidence together so that the transaction can be reconciled.
Accounting and tax treatment depends on the business and its activities. Ask an appropriately qualified adviser what records and treatment are required for your circumstances. This guide does not determine an entity’s tax obligations.
Can Lumora support your business?
Begin by describing the entity and transaction. Our team will confirm eligibility, asset and currency availability, applicable trade sizes and onboarding. Do not assume that a company registration makes every proposed activity or transaction eligible.
Prepare a business enquiry. You can also review the onboarding guide and settlement requirements before contacting the team.