Suspicious Activity Reporting
- BOOK IT The investor's economic investment capital transaction is registered as a negative balance in the COGSold Allocation Account through the BOOK IT APP. The transaction is balanced when the cost of goods sold is settled and recorded in the account. A Legal Activity Report―LAR is generated and used as supporting evidence for the suspicious activity reporting to FinCEN.
- BANK IT- The investor's economic investment capital transaction is posted in the PRICE Allocation Account with the BANK IT APP. The Bank IT APP creates ZIRO book entry tender so qualified clients can purchase the tender through the SQUARE Point of Sale to recoup investors economic investment capital and create seigniorage revenue for bankable deposits.
- Seigniorage Revenue is the difference between the value of ZIRO book entry tender and the carrying cost to produce and distribute it. This cash flow from tender sale activities is remitted to the investor for cost reimbursement and capital reinvestment is a result of PRICE: Profit, Revenue, Investment, Cost and Exchange centers performance management by the PriceXchanger SBU.
- Demurrage Fees is a 10 percent carrying cost fee associated with the production and distribution of ZIRO book entry tender. These fees are created through the PRICE Responsibility Centers Clearinghouse and retained by Bancoser Series Group. LLC.