ā 100% Non-Custodial ā¢ UK PSR 2017 Technical Exemption ā¢ FinCEN Safe Harbor
š”ļø Transit Protection: Lloyd's Syndicate #4020 & Nexus Mutual ($5M Limit)
B2B Cross-Border FX Clearing Bridge
Settle international contractor & supplier invoices at a flat 0.50% take rate. Eliminate 3.5% SWIFT banking spreads and 4-day wire delays with atomic Base L2 settlement.
ā” 1-Click Settlement Generator
Generate an audit-ready invoice with instant multi-currency settlement links for your overseas contractor.
š Settlement Economics
Comparative breakdown vs legacy SWIFT correspondent banking:
Spot Rate: 1 USD ā 85.47 INR (Chainlink/Uniswap TWAP)
Invoice Amount:
$10,000.00 USD
Legacy SWIFT Spread (3.50%):
$350.00 USD
Legacy Wire Intermediary Fee:
$45.00 USD
Legacy Settlement Delay:
3 to 5 Banking Days
Code402 Bridge Fee (0.50%):
$50.00 USD
Code402 Settlement Speed:
Instant (T+0 Base L2)
Net Retained Agency Savings:
+$345.00 USD
šļø Corporate & Non-Custodial Legal Architecture:
ā¢ Zero Custody: Principal funds move directly peer-to-peer between client and contractor via Base L2 smart contracts. Code402 never escrows or holds principal.
ā¢ UK PSR 2017 Exemption: Technical service provider exclusion under Schedule 1(2)(k) & commercial agent exemption under Regulation 3(1)(a).
ā¢ Corporate Backstop: Issued under JUANA LIMITED (United Kingdom, Co. 14043409) with Tide domestic and CurrencyCloud/Barclays multi-currency IBAN coordinates.
ā¢ Zero Custody: Principal funds move directly peer-to-peer between client and contractor via Base L2 smart contracts. Code402 never escrows or holds principal.
ā¢ UK PSR 2017 Exemption: Technical service provider exclusion under Schedule 1(2)(k) & commercial agent exemption under Regulation 3(1)(a).
ā¢ Corporate Backstop: Issued under JUANA LIMITED (United Kingdom, Co. 14043409) with Tide domestic and CurrencyCloud/Barclays multi-currency IBAN coordinates.