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How money moves

End-to-end money-flow diagrams for each of the main customer journeys.

UAE — deposit → trade​

Customer wallet decreases by trade cost + brokerage. Custody increases. Trial balance still balances at every step.

India — LRS deposit → trade​

The Indian journey has an extra leg. INR converts to USD at GlomoPay before the USD arrives at ViewTrade.

Key invariant: the deposit cash is posted once — as the ViewTrade wire_in. GlomoPay's paid event only contributes the FX-spread accrual and the compliance audit row. No double-counting.

India — sell → withdrawal​

Dividends (India)​

Indian residents can claim the WHT as a DTAA foreign-tax-credit on their Indian tax return. The ledger tracks it per customer per FY.

The reconciliation checks that surround this​

At every stage, the ledger cross-checks itself:

  • Trial balance still zero? (Category A)
  • Customer wallet = sum of postings? (Category B)
  • Ledger cash matches broker cash? (Category C)
  • Share counts match broker positions? (Category C)
  • GlomoPay remittance ties to ViewTrade wire? (Category C)

See Reconciliation.