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Risk Disclosure
Digital Credit Note Token (DCN) Over-the-Counter Desk
The DCN OTC Desk within the Pecu Terminal creates a transparent, decentralized marketplace for institutional peer-to-peer trading of Digital Credit Note Tokens. Vetted issuers can structure perpetual or fixed-term DCNs with programmable parameters, while institutions gain seamless access through FIX APIs. This design bridges traditional debt capital markets with blockchain innovation, offering scalability, transparency, and global reach.
Peer-to-Peer Institutional Trading
The DCN Over-the-Counter (OTC) Desk is a platform built into the Pecu Novus ecosystem, enabling vetted institutions to trade Digital Credit Note Tokens (DCNs) directly with one another in a decentralized manner. It provides a peer-to-peer environment where all active DCNs, both Perpetual Digital Credit Note Tokens (PDCNs) and Fixed-Term Digital Credit Note Tokens (FDCNs) , can be freely exchanged on a peer-to-peer basis without reliance on intermediaries.
Issuer Transparency and Access
Every DCN available on the OTC Desk is primarily backed by a PECU coin based Digital Asset Treasury (DAT), in some cases in conjunction with tokenized verified real world assets owned by the issuer, ensuring that issuer information, asset details, and contractual parameters are fully transparent. Institutions can review:
Issuer credentials and vetting status
Underlying asset structures (PECU coins, tokenized mortgages, receivables, sovereign debt, private credit, ESG projects, etc.)
DCN parameters (maturity, coupon flows, perpetual yield terms, callable/redemption features)
Performance data updated in real time via Pecu Novus smart contracts
This transparency reduces systemic opacity and allows institutions to make informed decisions when acquiring or trading DCNs.
Issuer Participation
Vetted and approved issuers gain the ability to create their own DCNs directly within the Pecu Novus framework. They can structure either:
PDCNs: Perpetual instruments offering ongoing yield streams without maturity.
FDCNs: Fixed-term instruments replicating traditional bonds with defined repayment schedules.
Issuers define parameters such as coupon rates, maturity dates, collateral triggers, and waterfall structures, all enforced by smart contracts. This ensures that institutions have access to standardized, programmable debt capital instruments.
Institutional Integration via FIX API
The OTC Desk is fully integrated into the Pecu Terminal, providing institutions with a streamlined interface for trading. Beyond the terminal, vetted institutions gain FIX API connectivity, allowing them to access DCNs directly from their existing trading, clearing, and settlement systems.
This ensures:
Seamless integration with legacy infrastructure
Direct peer-to-peer execution without intermediaries
Global accessibility across institutional networks
Strategic Value Add
For Investors: Access to a wide range of vetted DCNs with full issuer transparency, real-time performance data, and programmable yield streams.
For Issuers: A scalable platform to raise debt capital through PDCNs or FDCNs, with direct institutional reach.
For Institutions: FIX API integration ensures DCNs can be traded alongside traditional instruments, while the OTC Desk provides decentralized liquidity.
