flowchart TD
    A[(Trade booked in Murex)] --> B[Enrich the trade economics]
    B --> C{Eligible for on-chain settlement?}
    C -->|Yes| D[Tokenize the bond on Progmat]
    C -->|No| E[Settle the trade via TLM]
    D --> F[Settle on-chain with escrow]
    E --> G[Validate the settlement]
    F --> G
    G --> H[Notify the operations desk]