Glossary

Available. Registered and held in STOKR's custody vault, not yet sold.

Certificate. The on-chain record of one receivable. An ERC-721 token carrying no metadata: tokenURI returns an empty string.

Custody vault. The address receivables are minted into and held at until a pool is sold. Operated by STOKR.

Funder. The party that buys pools and holds receivables. Needs no account to verify; a workspace is optional.

Loan ID. Your own reference for a receivable, and its identity in SPCR. See Loan ID rules.

Originator. The lender that originates receivables, registers them, groups them into pools and sells pools to funders.

Pool. An off-chain grouping of receivables sharing one passkey, sold as a single block to exactly one funder. See Pools and passkeys.

Passkey. The secret attached to a pool. With a Loan ID, it is the credential that verifies a receivable.

Receivable. One loan or invoice. The unit SPCR registers.

Receivable ID. The 256-bit identifier derived from SHA-256( UPPERCASE(TRIM(Loan ID)) + "|" + passkey ). SPCR shows it in hex; a block explorer shows the same number in decimal as the ERC-721 Token ID, so both forms appear in the product.

Sold. Held by a funder's vault. A pool is sold to exactly one funder.

Tranche. A slice of a structure, expressed as a prefix on the Loan ID (JUNIOR-...). Each tranche is its own pool.

Workspace. A participant's own subdomain, e.g. yourco.spcr.io.