fxdemo:07-part:04-relationship-to-part-6:start

4. Relationship to Part 6

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The Governed Node Service Market depends on the Cost Recovery, Compensation, and Settlement Plane.

Part 7: Governed Node Service Market defines the following core concepts used by Part 7:

  • Cost Recovery, Compensation, and Settlement Plane
  • Chargeable Work Unit
  • Work Performed Event
  • Qualified Node
  • Qualified Service Provider
  • Evidence Reference
  • Compensation Claim
  • Cost Rule
  • Settlement Instruction
  • Non-Performance Indicator
  • Competitive Substitution
  • Content Minimization
  • Under-Compliance

Part 7 does NOT redefine those terms. It uses them to describe a market mechanism.

The Cost Recovery, Compensation, and Settlement Plane provides the economic accountability model. The Governed Node Service Market provides the market pattern by which Qualified Service Providers and Qualified Nodes compete to perform governed functions.

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