Money
Reserve, Settlement and funding composition
Understand what the account holds, how an operation is funded, and what a dollar presentation means.
Two sources, one supported total
Reserve retains its admitted funded denomination and backing. Settlement retains exact Phi with its supported deterministic dollar presentation. The account presents their supported sum while keeping their sources distinct. Local revaluation can change the dollar presentation of unchanged Phi; it does not change the units, ownership, funding source or authority to spend.
| Figure | What it represents | What it does not establish |
|---|---|---|
| Reserve | Admitted funded denomination and backing. | A new credit from a card-success screen. |
| Settlement | Exact Phi with deterministic valuation. | An executed cash sale at the displayed value. |
| Account total | The supported Reserve and Settlement sum. | Investment value or unconfirmed received Notes. |
| Received Notes | Admitted originals retained for the recipient. | Confirmed account credit available for another spend. |
Automatic funding
Supported ordinary account operations use Reserve first and Settlement for any remainder. The approved request and resulting sources retain the exact composition. A mixed allocation is not converted into an unexplained total. When a review displays both components, check the total and each unit before approval.
- ReviewExact amount and recipient.
- AllocateReserve first, Settlement remainder.
- ExecuteUse the admitted sources once.
- RetainKeep each component in the result.
Notes preserve their rail
A Reserve Note carries the original funded dollar denomination and accepted backing Phi. A Settlement Note carries exact accepted Settlement Phi; its printed dollars describe value at creation. A Settlement Reserve Note carries both. Changing artwork, a title or a displayed dollar figure cannot change the signed funding. Every issue, handover, claim and credit must preserve the original components.
Do not count the same value twice
Funding committed to a Note or a backed asset cannot remain separately spendable. A consumed Note remains historical evidence rather than another available holding. Investments, Showcase valuations, account cash, outstanding Note funding and received-but-uncredited Notes have their own presentation roles. Adding them together without their source and availability rules invents value.
Inspect the source of an amount
- Open the financial record
Use the account history or the operation’s retained result.
- Read the components
Inspect actual Reserve/Settlement amounts and their original relationships.
- Distinguish calculation
Calculated pooled FIFO attribution explains an admitted basis; it does not rewrite an allocation recorded by the original transfer.
- Keep the original
Retain the supported receipt/source when independent inspection or later recovery matters.
Implementation sources
Inspect the exact path.
Source links retain revision 6c5d582. Read the documented operation and assessment scope alongside its code.