> ## Documentation Index
> Fetch the complete documentation index at: https://tetrafi.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Overview

> Offset obligations across the network before they move - coming soon.

<Note>
  **Coming soon.** Multilateral Netting is in design, not yet live. These pages describe the planned primitive so anyone settling on the network - users, market makers, and desks alike - can evaluate it early; cycle timing, fee schedules, and membership criteria publish at launch.
</Note>

## The Cost of Gross Settlement

Every trade on the network settles alone today. Each fill pays the full toll - the bridge, the rebalance, the conversion - even when an equal and opposite flow crosses the network minutes later. Opposing flows cancel on paper; in fees, they don't. That toll is the floor under every spread you're quoted.

**Multilateral Netting makes the cancellation real.** Settlement obligations accumulate on a clearing ledger, offset against each other each cycle, and only the residual moves through priced liquidity. The matched portion - the majority, in balanced flow - settles at bookkeeping cost. Industry analysis of cross-chain flows found roughly 80% of rebalancing activity nettable, putting an order-of-magnitude cost reduction on the table for the flows that match.

## Key Facts

|                      |                                                                                                                                                     |
| -------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Status**           | In design - register interest below                                                                                                                 |
| **Model**            | Multilateral netting: opt in per settlement, and only the net difference moves                                                                      |
| **The choice**       | Per settlement, pick instant (direct, the default) or Multilateral Netting (delayed, cheaper) - the same choice for users, market makers, and desks |
| **Hold, don't move** | Net-clear against inventory you already hold - no bridging, no rebalancing; only the net difference ever settles                                    |
| **The residual**     | Cleared through a layered backstop - vault liquidity, wholesale desk conversion, discount auction, external rebalancing - never left waiting        |
| **Membership**       | Compliance-gated: KYB'd participants, jurisdiction-aware, per-policy                                                                                |

## A Clearing Module For Institutions

Like everything TetraFi ships, clearing is a primitive, not a venue. Plug into the shared clearing network as a participant - or run your own version of the module: your membership rules, your cycle cadence, your backstop order, your asset scope, under your compliance policy, the same way every workspace owns its router.

The same module bends to very different books: a [payment network](/use-cases/payment-networks) netting corridor flows across chains, an [issuer](/use-cases/rwa-issuers) netting mints against redemptions, an OTC circle netting bilateral T+1 obligations down to one wire a day. And it composes with the rest of the stack - [RFQ](/rfq-api/introduction) firm quotes, [Router](/router-api/introduction) execution, [T+0 Vaults](/vaults) liquidity - or stands alone as the cost layer under whatever you already run.

## Go Deeper

<CardGroup cols={2}>
  <Card title="How It Works" icon="gears" href="/netting/how-it-works">
    The clearing cycle, the settlement choice, and where the residual goes.
  </Card>

  <Card title="Register Interest" icon="sparkles" href="/support">
    Making markets, running a desk, or settling institutional flow? Get on the early list.
  </Card>
</CardGroup>