Administrator

An Administrator is a person that works for the Issuer and who is responsible for carrying out the administration of the organization on the platform.

Blacklist

A blacklist is a mechanism which explicitly denied some identified entities to access a particular service. The blacklist Operation consists in forbidding the Investor to sell or buy a specific token.

Burn

A Burn is an Operation that allows Administrator to decrease the total supply of existing Tokens by burning existing Token, i.e deleting existing Tokens. A Burn is made either on the wallet of an Investor or on the Token crypto-account.

Burned Token

Token that has been sent to an unusable account and that cannot be used in Transactions.

Buyback

A buyback is when a corporation purchases its own securities in the market.

Circulating Token

Tokens in circulation are calculated by subtracting the burned tokens from the minted Tokens.

Expiration date

The expiration date must be on or after the settlement date (order page, explain better).

Force Transfer

A Force Transfer allows Administrator to launch a Transfer Operation, from an Investor’s wallet to another wallet, without Investors' approval.

Freeze Token

Operation that locks all current Tokens that are in circulation. Tokens can be frozen for instance because of a ban on certain token transactions, a ban on certain wallets or a ban on wallets with a certain amount.

Frozen Token

Token that cannot be transferred to another address until certain unlocking conditions are met.

Investor

An Investor is a person or an entity who commits capital with the expectation of receiving financial returns.
This capital can be cash when the Investor purchases tokens via a bank transfer. This capital can also be Tokens when the Investor performs a token swap.

Investor Account

An Investor Account can be created for a person or an organization. When the Investor invests as an individual the Account is personal whereas the Account is professional (i.e created for an organization) when a legal entity is investing.

Liquid Token

Token which can be sold by an Investor.

Locked Token

Token which cannot be sold by an Investor.

Mint

A Mint is an Operation that allows Administrator to increase the total supply of existing Tokens by minting new Tokens, i.e creating new Tokens. A Mint is made either on the wallet of an Investor or on the Token crypto-account.

On-chain
Off-chain
Offer

Act of offering something for sale, or the submission of a bid to buy something.

Operation

An Operation is an administrative task created by Administrators or Investors that must be signed on-chain.
There are different examples of Operations : Mint, Burn, Whitelist, Add Admin, etc.

Owner

The Owner of the Document (Owner) is an Investor. The Owner is able to consult the Document but cannot edit it.

Portfolio

A portfolio is a collection of financial investments

Primary Market

Place where securities are issued and sold to the public for the first time.

Primary Market Order

A Primary Market Order (referred as Order) consists of an Investor’s instruction to purchase or sell Tokens directly from an issuer. It can be either an Investor Buy Order (Issuance) or Investor Sell Order (Buyback Order).

Secondary Market

Place where eligible Investors buy and sell securities they already own. In the Secondary Market, Investors exchange with each other rather than with the issuing entity.

Secondary Market Trade

Often referred as Trade, is an Investor’s instruction to purchase or sell Tokens to another Investor. It can be either a Buy or a Sell Trade.

Settlement date

Date when a trade is final. At this date the buyer must have made the payment to the seller, and the seller delivers the assets to the buyer. Before the settlement is done, the settlement date corresponds to a target date. After the settlement is done, the settlement date corresponds to the actual settlement date.

Token pair

Group of two tokens that can be traded for each other in a Token Swap.

Token Swap (WIP)

Technically the “Transfer” corresponds to an authorization to the Token Swap smart contract to transfer the Tokens to the counter-party once both parties have signed the trade and have the corresponding funds.

Transaction

A Transaction is a completed agreement between a buyer and a seller to exchange financial assets in return for money or security token.

Unfrozen Token

Token that can be transferred to another address.

Wallet

A wallet is a device or a program that aims at managing Tokens. It allows to receive, send and store them. From a technical point of view, a wallet allows to store private keys that control these Tokens.
Software wallets store private keys using programs directly connected to the Internet.
Conversely, hardware wallets are devices that generate and store private keys off-line and allow to sign transactions off-line.

Whitelist

A whitelist is a mechanism which explicitly allows some identified entities to access a particular service. The whitelist Operation is the one by which the Issuer allows the Investor to buy and sell a specific token.