User registers on SYNTA’s website and acquires his login, password, idClient, idStatus, etc..
The user is is obliged to go through a verification process in accordance with AML/KYC procedures in order to get access to trading and transactional operations (carried out by a dedicated organization, e.g. Sub & Substance, outsorces by SYNTA).
User signs an agreement for banking and brokerage services with SYNTA and receives dedicated subaccounts from the prime broker (stock.synta.client) and crypto exchanges (crypto.synta.client).
*SYNTA is allowed to use client's funds to cover liquidity gap from Synthetic Trade transactions, by overnight lending.
Becoming a full-fledged client of SYNTA.
Within his personal dashboard the client registers, specifies, determines and changes his own accounts, cards and cryptocurrencies outside SYNTA. These accounts will be used for depositing and withdrawal of funds.
SYNTA allows the client to deposit funds to broker accounts with fiat and crypto instruments, while:
the client's fiat funds are divided into stock. and crypto. (at the nominal value of the asset unit 1:1) in the proportion determined by Rebalance software according to the principle of equal distribution of total funds in crypto and stock directions, taking into account market conditions; the client’s fiat funds are represented in the client's portfolio as undivided.
the client’s crypto funds arrive fully to the client account and are not subject to intra-system distribution between crypto. and stock. customer accounts.
SYNTA allows the client to carry out synthetic transactions on the two-vector movement of funds between stock, crypto and nft, while:
the client sells his actual asset to purchase another one, and SYNTA purchases the other one by using its own funds as well as funds borrowed from clients
the resulting deficit of liquidity is covered by transferring funds from the crypto exchange to the primebroker account and vice versa, taking into account general capital movement within the SYNTA client system.
Client funds withdrawing procedure is determined by the type of funds withdrawn (fiat, crypto):
fiat funds first arrive at the client's subaccount in the bank/payment system and are withdrawn to an external account defined in the client's personal account dashboard
crypto funds are withdrawn from the crypto exchange subaccount and arrive at the client's crypto wallet defined in the client's personal dashboard.