The numeraire community is an international organisation which fosters cooperation among members in pursuit of financial and monetary stability. It has no supervisory or regulatory functions or responsibilities. Its services are provided exclusively to members, monetary authorities and international financial institutions, and selected parties.
The numeraire community does not accept deposits, any form of custodial relationship from, or provide such services or advice to, private individuals or companies. The numeraire community has set up an Digital Financial Market Infrastructure (dFMI) to foster innovation and collaboration amongst its members and the wider community globally, enhance the deployment of financial technology and contribute to the development of innovative solutions to benefit and enhance the global financial system.
As the dFMI is provided by the International Settlement Association, without any consideration, and hence the ISA cannot be bound by any contractual condition, the agreed provider and all faculties are provided on an as is basis without any form of liability , warranty or legal recourse under any jurisdictional law. If you do not accept these terms than you many not access the dFMI or utilise any of its functions.
The dFMI provider is not a counterparty to any function provided by the dFMI or provider which exists solely to provide pear-to-peer functions. The dFMI provider does not have an custodial function nor does any monetary value flow via, or though the dFMI. The dFMI is not a counterparty or entity involved in any dFMI functions, it simply orcastrates the flow of funds between equal peer parties end systems.
As an Association the ISA may not enter into or be bound by any contract with any party, under any condition. The ISA grants a right-of-use via its providers, to acceptable corporations. The right to use represents a lessee's privilege to use the dFMI over a duration .or the lease term. The lease is granted the authority to obtain the economic benefit from the usage of an the dFMI owned by the ISA and its members., under GASB 87. A lease liability, as appropriately named under three major standards (ASC 842, IFRS 16, and GASB 87), is the financial obligation to make all provider invoiced payments in full ,on the due date, arising from the operation of a lease, to the provider. There is no payments or consideration due to the ISA for the grant of a lease.
The selection of a provider , and service provision is by mutual agreement between the leasee and the ISA, the contract will be formed between the lessee and the provider, and all payments shall be directed exclusively to the agreed provider.
In order to access the global dFMI, each party must contact their national ISA member, and provide the minimum WCU-capital (10 x 400 oz Bullion bars ) to boot their local currency area, in accordance with the current dFMI rules.
You may not reverse engineer, decompile, disassemble, or work around technical limitations in the Product, except to the extent applicable law permits it despite these limitations.
You may not disable, tamper with, or otherwise attempt to circumvent any security mechanism that mediates your use of the Online Services.
You may not rent, lease, lend, resell, transfer, or host the Product, or any portion thereof, to or for third parties except as expressly permitted.
Neither party will be liable for loss of revenue or indirect, special, incidental, consequential, punitive, or exemplary damages, or damages for lost profits, revenues, business interruption, or loss of business information, even if the party knew they were possible or reasonably foreseeable.
Nothing in these terms and conditions shall constitute a waiver of any of the privileges or immunities of the numeraire community, or the ISA within any jurisdiction.
Each Financial Market Infrastructure must be booted via a barter exchange of a minimum of 10 x 400 ounce four nines Gold bullion bars...