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| fxdemo:07-part:10-relationship-to-cost-recovery-compensation-and-settlement:10-4-settlement-instructions:start [2026/06/29 11:26] – created nick_dido | fxdemo:07-part:10-relationship-to-cost-recovery-compensation-and-settlement:10-4-settlement-instructions:start [2026/07/11 11:15] (current) – ↷ Links adapted because of a move operation nick_dido |
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| [[fxdemo:07-part:10-relationship-to-cost-recovery-compensation-and-settlement:start|Go up to Relationship to Cost Recovery, Compensation, and Settlement]] | [[fxdemo:07-part:10-relationship-to-cost-recovery-compensation-and-settlement:start|Go up to Relationship to Cost Recovery, Compensation, and Settlement]] |
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| Settlement Instructions express the settlement treatment that follows recognised governed work, validated compensation eligibility, applicable [[fxdemo:99_part_annexes:annex-b-terms-and-definitions:c:cost_rule | Cost Rules]], and supporting evidence. | Settlement Instructions express the settlement treatment that follows recognised governed work, validated compensation eligibility, applicable [[dido:99_annexes:annex-b-terms-and-definitions:c:cost_rule| Cost Rules]], and supporting evidence. |
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| The Governed Node Service Market does not define the payment rail, payment method, accounting system, legal payment obligation, tax treatment, or FX settlement mechanism. The market identifies the assigned work, the eligible [[fxdemo:99_part_annexes:annex-b-terms-and-definitions:q:qualified_node], the accountable [[qualified_service_provider]], the applicable Cost Rule, the supporting evidence, and the compensation treatment. The [[fxdemo:99_part_annexes:annex-b-terms-and-definitions:c:cost_recovery_compensation_and_settlement_plane]] uses those records to produce [[fxdemo:99_part_annexes:annex-b-terms-and-definitions:s:settlement_instruction | Settlement Instructions]]. | The Governed Node Service Market does not define the payment rail, payment method, accounting system, legal payment obligation, tax treatment, or FX settlement mechanism. The market identifies the assigned work, the eligible [[fxdemo:dido_99_annexes:annex-b-terms-and-definitions:q:qualified_node_the_accountable_qualified_service_provider]], the applicable Cost Rule, the supporting evidence, and the compensation treatment. The [[dido:99_annexes:annex-b-terms-and-definitions:c:cost_recovery_compensation_and_settlement_plane]] uses those records to produce [[dido:99_annexes:annex-b-terms-and-definitions:s:settlement_instruction| Settlement Instructions]]. |
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| Settlement Instructions support traceability between governed work and economic recognition. They identify the compensation treatment associated with a [[fxdemo:99_part_annexes:annex-b-terms-and-definitions:c:compensation_claim]] after review against the applicable assignment record, [[fxdemo:99_part_annexes:annex-b-terms-and-definitions:w:work_performed_event]], [[fxdemo:99_part_annexes:annex-b-terms-and-definitions:e:evidence_reference]], [[fxdemo:99_part_annexes:annex-b-terms-and-definitions:q:qualification_profile]], [[fxdemo:99_part_annexes:annex-b-terms-and-definitions:c:cost_rule]], policy constraint, service-level expectation, and market integrity rule. | Settlement Instructions support traceability between governed work and economic recognition. They identify the compensation treatment associated with a [[dido:99_annexes:annex-b-terms-and-definitions:c:compensation_claim]] after review against the applicable assignment record, [[dido:99_annexes:annex-b-terms-and-definitions:w:work_performed_event]], [[dido:99_annexes:annex-b-terms-and-definitions:e:evidence_reference]], [[dido:99_annexes:annex-b-terms-and-definitions:q:qualification_profile]], [[dido:99_annexes:annex-b-terms-and-definitions:c:cost_rule]], policy constraint, service-level expectation, and market integrity rule. |
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| [[fxdemo:99_part_annexes:annex-b-terms-and-definitions:s:settlement_instruction | Settlement Instructions]] also preserve the separation between transaction settlement and service compensation. In an FX context, the settlement of the underlying FX transaction remains distinct from compensation for governed services performed by Qualified Nodes. A Qualified Node receives service compensation for governed work, such as validation, screening, evidence recording, policy evaluation, or settlement-support processing, not for the value of the FX transaction itself. | [[dido:99_annexes:annex-b-terms-and-definitions:s:settlement_instruction| Settlement Instructions]] also preserve the separation between transaction settlement and service compensation. In an FX context, the settlement of the underlying FX transaction remains distinct from compensation for governed services performed by Qualified Nodes. A Qualified Node receives service compensation for governed work, such as validation, screening, evidence recording, policy evaluation, or settlement-support processing, not for the value of the FX transaction itself. |
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| Settlement Instructions may support payment, accounting, reconciliation, dispute handling, adjustment, rejection, or non-performance treatment in accordance with the applicable governance and settlement rules. | Settlement Instructions may support payment, accounting, reconciliation, dispute handling, adjustment, rejection, or non-performance treatment in accordance with the applicable governance and settlement rules. |