Describes the PSP-based risk framework — how custody of receivables enables instant offsets, while advance and allocation caps, KYB analysis, reserve capital, and FX control.
As the PSP, conomy_hq receives all merchant funds first from acquirers. That means the collateral, the receivables is already in our custody. When a shortfall arises, we automatically offset from the next settlements. No chasing, no court orders.
We cap daily advances to ≤ the merchant’s 3‑month average daily sales. If sales slow, caps tighten automatically, reducing exposure in lockstep with revenue.
Onboarding includes industry tiering, historical sales volatility, chargeback/refund behavior, and seasonality. We assign risk grades that map to advance rates, caps, and monitoring intensity.
We hold 10% of the total pool in immediate-liquidity reserve. This buffers redemptions, absorbs short timing mismatches, and lets us pause advances in stress without impairing withdrawals.
While advances/repayments traverse USDC↔CLP, we manage FX via tight conversion SLAs, posted applied rates, and Phase‑2 USD/CLP oracle + disclosed off‑chain forwards; Phase‑3 explores on‑chain hedging. Short duration (T+2) further limits FX drift between advance and repayment.
With receivables as collateral and PSP-first custody, tying advances to realized sales keeps debt self-liquidating and in step with the merchant’s actual cash generation.
