====== 1. Scope ======
[[fxdemo:07-part:start | Go to Top]]

Part 7 defines the Governed Node Service Market as a market mechanism for allocating governed functions among Qualified Service Providers using Qualified Nodes.

Part 7 covers:
  * Relationship to the Cost Recovery, Compensation, and Settlement Plane
  * Relationship to exchange rates and FX settlement
  * Qualification-based participation
  * Stakeholder roles
  * Non-functional characteristics
  * Qualification and assurance value
  * Competition among equivalent qualified implementations
  * Benefits for multinational institutions
  * Participation by smaller and specialized providers
  * Contrast with blockchain, distributed-ledger, and crypto-economic models
  * Governance implications
  * Demonstration implications for the FX Demo

Part 7 does **NOT** define actual FX prices, exchange-rate calculation methods, commercial fee schedules, production billing rules, tax treatment, legal liability, payment rails, clearing rules, regulatory fee amounts, or jurisdiction-specific accounting rules.

Part 7 does **NOT** require blockchain, tokenisation, cryptocurrency, speculative payment mechanisms, or a separate monetary system.