Operation type
Structure a back-to-back horse transaction
In a back-to-back transaction there are two connected deals: an original seller sells to an intermediate buyer or reseller, who in turn sells to the final buyer. The margin between the two deals is confidential, and each side should only see what concerns them. Arena structures both deals and keeps them isolated.
Two connected deals, one structure
Arena represents Deal A (original seller to reseller) and Deal B (reseller to final buyer) as connected but separate. Terms, payments and participants are coordinated so the sequence works, while the margin stays private to the reseller.
Confidential margin, role-based visibility
The original seller does not see the final buyer's price, and the final buyer does not see the original seller's price. Each participant sees only their side of the operation, which is what makes a back-to-back workable without leaking the margin.
Payment sequence and distribution
Arena coordinates the sequence of payments across both deals and the final distribution of the agreed amounts, so the reseller is not exposed while funds move between the sides.
Frequently asked questions
- What is a back-to-back horse transaction?
- Two connected deals where a reseller buys from an original seller and sells to a final buyer, keeping the margin between the two confidential.
- Does each side see the other's price?
- No. Role-based visibility keeps each deal isolated so the margin stays private to the reseller.
- Can Arena coordinate the payment sequence?
- Yes. Arena structures both deals and coordinates the sequence of payments and the final distribution.
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