SPECIALISED FINANCE · SECTOR SURFACE
SPECIALISED FINANCIAL EXECUTION REQUIRES MORE THAN A LICENCE.
Insurance, asset management and market infrastructure combine distinct supervisory, product, capital, liquidity, custody, settlement and time conditions. immo.quick treats these states as separate Determination Domains.
SECTOR_SURFACE = true · DOMAIN_DETERMINATION_ONLY · AUTHORITY_REMAINS_EXTERNAL
FI
INSURANCE
ASSET MANAGEMENT
SECURITIES FINANCING
MARKET INFRASTRUCTURE
GATE PASS ≠ EXECUTION PERMISSION
ASSET MANAGEMENT
SECURITIES FINANCING
MARKET INFRASTRUCTURE
GATE PASS ≠ EXECUTION PERMISSION
SPECIALISED DOMAINS
Three financial worlds. One authorization boundary.
INSURANCE
gateVAG
Licence, solvency, capital, reserve and transfer states within the defined insurance scope.
ASSET MANAGEMENT
Asset Management & Securities Financing
AIFMD, UCITS, SFTR and Securitisation as separate Determination Domains.
MARKET INFRASTRUCTURE
Financial Market Infrastructure
Resolution, settlement, clearing, deposit guarantee and prudential dependencies.
CANONICAL CHAIN
AUTHORITATIVE SOURCE → SPECIALISED FINANCE DOMAIN → DOMAIN DETERMINATION → EXECUTION RIGHTS CLOSURE → CAPABILITY OR NONE → EXECUTION OR NONE → EVIDENCE
AUTHORITY · RULE · JURISDICTION · TIME · DEPENDENCY
ALL FIVE REQUIRED DIMENSIONS VALID → VALID EXECUTION RIGHT. ANY REQUIRED DIMENSION ABSENT → NO VALID EXECUTION RIGHT → NO CAPABILITY → NO EXECUTION.
ALL FIVE REQUIRED DIMENSIONS VALID → VALID EXECUTION RIGHT. ANY REQUIRED DIMENSION ABSENT → NO VALID EXECUTION RIGHT → NO CAPABILITY → NO EXECUTION.
CAN
- determine encoded insurance, fund and infrastructure conditions
- surface time- and state-bound dependencies
- provide determinations as input to Execution Rights
CANNOT
- create supervisory authority, licences or approvals
- authorize an investment, insurance or settlement action by itself
- turn a Gate result into Execution Permission