Controls and safeguards
Defined limits, agreed valuation, and named responsibility at every step.
Defined limits, with named responsibility at every step
Agreed in advance
The amount and the route are agreed before any instruction is issued.
Compliance clearance
Screening is completed before release.
Confirmation first
Receipt is confirmed before the obligation is treated as discharged.
Daily reconciliation
Positions are reconciled between the venue record, the custodian and the chain.
Named responsibility
Delays, failed transfers and returns are allocated in the counterparty documentation.
Valuation, where the asset is not value-stable
Where an obligation is settled in an asset whose value moves, the reference price, the time it is taken, the tolerance and the treatment of any difference are agreed before the instruction is issued. This is recorded in the counterparty documentation.
Limits
Any launch would begin with transaction and daily limits set by Treasury and Risk, with a defined review before any increase. Limits would be stated to participating members in their documentation.
Fallback
Existing settlement arrangements remain in place throughout. The USDU route can be suspended without affecting any other obligation, market or service.
WHAT WE DO NOT CLAIM
The limits of our role
MultiBank Exchange does not guarantee the value of any digital asset, and does not act as issuer, custodian or banker to the counterparty. For USDU specifically, it is not the issuer and does not guarantee redemption or availability.
Talk to the institutional desk
Institutional enquiries only. Tell us the nature of your enquiry and we route it to the desk that owns it. Registering interest does not create any obligation on either side.