ACV
Accrued Claim Value is an indicative or reporting value under the applicable methodology and timestamp. It does not guarantee an executable price.
Liquidity partners & market makers
Price discovery needs context.
Transfer needs infrastructure.
Discuss a partnership model for eligible liquidity providers: permissioned RFQ, credit evidence, inventory eligibility and settlement. This is not an announcement of a live secondary market.
Discuss liquidity partnershipSECONDARY TRANSFER
RFQ / indication→Eligibility & terms→Transfer & settlement
Participation by eligible institutions and liquidity providers. An indication is not an executed transaction.
VALUATION REFERENCEACV
Accrued Claim Value provides pricing context. It is not a guaranteed execution price.
CONTRACTUAL REDEMPTIONORA
Official Redemption Amount is determined under applicable product terms—not by an RFQ indication.
Separate pricing, transfer and redemptionNo guaranteed exit
Liquidity is subject to eligibility, product terms and market conditions. Neither a secondary transfer nor redemption is guaranteed.
01 / Distinct mechanisms
A reference is not a price.
A transfer is not redemption.
Secondary transfer
Any transfer depends on eligible counterparties, permissions, terms and market conditions. An RFQ is not a guaranteed bid or execution.
ORA
Official Redemption Amount determines the contractual amount at the applicable determination point. Product-specific terms govern redemption, including any windows or queues.
02 / Explore a partnership
Define the participation.
Agree the controls.
01
Eligible inventory
Instruments, jurisdictions and counterparty classification.
02
Quote & risk framework
Indication process, credit context, limits and approval responsibilities.
03
Settlement & records
Custody connectivity, delivery, reconciliation and transaction history.
Explore the liquidity architecture.
Tell us where your institution fits. Start with a focused discussion about your mandate, portfolio or infrastructure.
Discuss liquidity partnership