--- title: Settling Your Trades description: Kooltra provides quick and interdepartmental workflows to ensure that your settlement instructions are easy to assign, update, and save for future use. Finally, we generate cashflow files for your bank and everything is complete! --- [Skip to content](https://help.kooltra.com/knowledge-base/settling-your-trades#main-content) English Show submenu for translations [Customer portal](https://help.kooltra.com/client-portal?hsLang=en) ![Kooltra\_Logo\_Green\_Eggplant\_RGB-1](https://help.kooltra.com/hs-fs/hubfs/Kooltra_Logo_Green_Eggplant_RGB-1.webp?width=200&height=67&name=Kooltra_Logo_Green_Eggplant_RGB-1.webp) Open main navigation Close main navigation - English Show submenu for translations - [Customer portal](https://help.kooltra.com/client-portal) - [Go to Kooltra Platform](https://kooltracore.cloudforce.com/) [Go to Kooltra Platform](https://kooltracore.cloudforce.com/) Search the knowledge base - There are no suggestions because the search field is empty. 1. [Knowledge Base](https://help.kooltra.com/knowledge-base?hsLang=en) 2. [Client Journey at a Glance](https://help.kooltra.com/knowledge-base/client-journey-at-a-glance?hsLang=en) 3. [Trading and Settlements](https://help.kooltra.com/knowledge-base/client-journey-at-a-glance?hsLang=en#trading-and-settlements) # Settling Your Trades ## Kooltra provides quick and interdepartmental workflows to ensure that your settlement instructions are easy to assign, update, and save for future use. Finally, we generate cashflow files for your bank and everything is complete! ### Creating Reusable Beneficiaries (Settlement Instructions) #### Beneficiary Management on the Client Portal To settle trades, clients must set up beneficiaries for each currency. The “Beneficiaries” page in the client portal makes this a breeze—clients can manage all their beneficiaries, view details like currency and banking information, and check their status. They can also create new beneficiaries for future payments or cashflows, submit them for compliance approval, or deactivate them when necessary. #### Beneficiary Management by the Sales and Backoffice Teams  Sales and back-office teams can add beneficiaries too. Just have your client provide their beneficiary details, then head to “Beneficiaries” in the left sidebar under Settlements, click “Create New Beneficiary,” and fill in the client, beneficiary name, and currency. You’ll then be guided to a page where you can add banking, settlement, and other details.  Once you hit “Submit for Approval,” compliance will step in to review and either approve or reject the beneficiary. Once you've got your beneficiaries set up and approved, you’re all set to start trading! ![Beneficiary](https://help.kooltra.com/hs-fs/hubfs/Beneficiary.gif?width=600&height=304&name=Beneficiary.gif) ### Adding Settlement Instructions to the Trade When you book a trade in Kooltra, you’ll need to add settlement instructions. When you’re on the trade entry screen and have booked a trade, you’ll see a prompt to add these settlement instructions. Just click the “Add Payment” and “Add Funding” buttons, and then choose the right beneficiaries - for sending funds and for receiving them. ![Trade Entry](https://help.kooltra.com/hs-fs/hubfs/Trade%20Entry.gif?width=600&height=741&name=Trade%20Entry.gif) ### Generating your Banking Files Generating bank files is fast and effortless. Go to the Cashflow Export page under Settlements in the left sidebar. From there, you can easily approve cashflows by checking the box next to the relevant ones and clicking the "Approve Selected Cashflows" button. Once approved, head over to the Export tab. Select the cashflows you want to export, check the box next to each one, and hit "Export Selected Cashflows". In no time, your file will be downloaded and ready to send to your bank, streamlining your cash flow process. ### Congratulations! 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