Questions we get asked

Does registering mean STOKR has approved my receivable?

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

Can SPCR tell me whether the debtor paid?

No. Payment happens in a bank account, and SPCR holds no amounts and no collections data, so it could only repeat someone's claim about payment rather than verify it. Anything it reported would be a representation dressed up as a record.

There is no "live" or "expired" status either. A due date tells you the term has elapsed, not whether anyone paid, and reporting "expired" invited exactly that misreading. Due dates are not recorded at all.

A settlement or performance feed is plausible and would need reported data from the originator as servicer. It is a conversation to have with the STOKR team, not something to expect today.

What stops an originator simply keeping a receivable off the registry?

Nothing. A registry can only speak about what is in it.

What it stops is the specific fraud of pledging the same receivable twice, and of claiming something is unencumbered when a funder already holds it, because the funder can look for themselves. If you want registration to be a condition of funding, that is a covenant you write, and SPCR is what makes it checkable.

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

Yes, and the registry would not object. JUNIOR-X and X are different identifiers, so the uniqueness index treats them as different receivables.

SPCR cannot by itself tell you that a junior tranche and a whole-asset registration cover the same underlying loan. Diligence on the tranche structure is a commercial and contractual matter, in the same way that SPCR cannot prove an unregistered loan exists.

Can I split an already-registered receivable into tranches?

No. Tranching happens at issuance, before those Loan IDs are registered. Nothing is ever burned, so the original certificate cannot be retired and replaced. Splitting an existing book is a conversation for the STOKR team, not something the interface does.

Who can open my workspace?

Whoever it was set up for. Normally that is your email domain, so colleagues share the workspace with nobody to invite.

A workspace can also be restricted to named addresses, which is the right setting for one person at a large organisation, where granting a whole domain would hand the workspace's pool passkeys to every employee who signed up. Ask STOKR which yours is set to if you are not sure; it is shown on the Confirm my address page.

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

Because publishing who holds what would tell every observer things the counterparties have not agreed to disclose. The address is already public on the chain. The mapping from address to name is shown only inside a workspace, to the party entitled to it.

If a counterparty needs to prove an address is theirs, there is a mechanism for it. See Levels of access.

Is this on a real blockchain?

Yes, and today it is a test network. The flows, the records and the verification are real; no real money or real assets are involved. The same infrastructure runs on a production chain without changes to how any of this works.

What happens if SPCR is unavailable?

Your receivables are on a public blockchain and are not dependent on our servers to exist. Reading them back without our interface is what the API tier is for, and it is under development. See Levels of access.