FAQ

Does registration mean STOKR has approved a receivable?

No. SPCR is a registry, not a credit committee. STOKR does not vet, rate or approve the quality of a receivable. Registration is immediate, and the only automatic check is the uniqueness check.

Does SPCR show whether the debtor has paid?

No. Payments are made to a bank account, and SPCR holds no amounts or collections data, so it cannot verify payment.

SPCR does not record due dates and does not report "live" or "expired" status.

An independent servicer can confirm, in its own SPCR workspace, that a registered receivable is in its loan records, and the verification result then reads Confirmed. That confirms the receivable exists, not that it has been paid. A settlement or performance feed is not currently available. Contact STOKR to discuss requirements.

Can an originator keep a receivable off the registry?

Yes. SPCR covers registered receivables only.

SPCR prevents a receivable from being registered twice, and prevents a receivable held by one funder from being presented as unencumbered to another, because the funder can verify the current holder. To make registration a condition of funding, include it as a covenant in the facility documentation. SPCR allows compliance with that covenant to be verified.

Can a junior tranche and a whole-asset registration refer to the same loan?

Yes. JUNIOR-X and X are different identifiers, so the uniqueness check treats them as different receivables.

SPCR cannot determine whether a tranche and a whole-asset registration cover the same underlying loan. Diligence on the tranche structure is a commercial and contractual matter.

Can a registered receivable be split into tranches?

No. Tranches are defined at registration, using prefixed Loan IDs. Certificates are never burned, so an existing certificate cannot be retired and replaced. Contact STOKR to discuss restructuring an existing book.

Who can access my workspace?

Access is configured for each workspace. By default, all addresses on your email domain can access it, so colleagues do not need an invitation.

A workspace can instead be restricted to named addresses. This suits an individual user within a large organisation, where granting access to the whole domain would expose the workspace's pool passkeys to every employee who signs up. The current setting is shown on the Confirm my address page.

Why does the registry show a vault address rather than a name?

Publishing the identity of each holder would disclose information the counterparties have not agreed to share. The address is already public on chain. The mapping from address to name is shown only within a workspace, to the parties entitled to see it.

To prove that an address belongs to a counterparty, use an address confirmation. See Levels of access.

Does SPCR run on a public blockchain?

Yes. SPCR currently runs on a test network. Registration, transfer and verification operate on chain; no real money or real assets are involved. The same infrastructure runs on a production chain without changes to these processes.

What happens if SPCR is unavailable?

Receivables are recorded on a public blockchain and do not depend on SPCR's servers. With your Loan IDs and pool passkeys, you can locate and verify your receivables directly on chain. See Continuity and recovery.