# Indication Mode Overview

Indication Mode enables trading between pre-agreed institutional counterparties, providing enhanced control, transparency, and flexibility through bilateral relationships and customized terms. Users can select from their approved counterparty list, with the specific trading partner revealed upon successful order matching.

### Key Features

#### Pre-Agreed Counterparty Trading

* **Curated Partner Network**: Trade only within your institutional partner network
* **Post-Match Identity**: Specific counterparty identity revealed after successful order matching
* **Relationship Management**: Maintain bilateral relationships with customized terms for each partner

#### Bilateral Relationship Management

* **Invitation System**: Secure invitation and approval process for new counterparties
* **Role Configuration**: Customizable lender/borrower roles on the counterparties
* **Parameter Customization**: Set specific trading limits and terms for each counterparty

#### Flexible Settlement

* **Off-Platform Settlement**: Settlement arrangements handled independently by counterparties
* **Customized Terms**: Settlement arrangements tailored to each counterparty relationship

### Benefits

#### Enhanced Risk Management

* Trade only within your pre-agreed institutional network
* Set specific limits for each counterparty relationship
* Negotiate terms directly with trusted partners
* Full counterparty visibility after order matching

#### Improved Market Access

* Access liquidity from your approved counterparty network
* Potentially achieve better rates with trusted counterparties
* Build long-term strategic trading partnerships

### When to Choose Indication Mode

**Indication Mode is ideal when:**

* Wanting to trade only with pre-approved institutional partners
* Requiring customized terms and bilateral negotiations
* Preferring institutional counterparty verification and relationship management
* Building long-term institutional trading relationships
* Needing enhanced control over your counterparty network


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