1. Scope

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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 PlaneRelationship to exchange rates and FX settlementQualification-based participationStakeholder rolesNon-functional characteristicsQualification and assurance valueCompetition among equivalent qualified implementationsBenefits for multinational institutionsParticipation by smaller and specialized providersContrast with blockchain, distributed-ledger, and crypto-economic modelsGovernance implicationsDemonstration implications for the FX DemoPart 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.