Maritime obligations, netted into one proposed position per member.
Netting across all members: $49.0M of obligations becomes $42.5M of proposed movement — 13.3% never needs to move in this scenario.
Navius is shown here as a working demo on a synthetic ledger. Every party, vessel and figure is fictional. Nothing settles.
The cycle in numbers
How a cycle runs
Four stages of the cycle, in the order the demo runs them: the modeled screen, the netting, the review window, the reserve cover. Every figure is computed from the synthetic ledger each time the calculation runs.
- 1Sanctions and identity screen modeled: one payment would be held (Poseidon, ownership unresolved), the rest would pass — no screening runs in this demo
- 2Netting across all members: $49.0M of obligations becomes $42.5M of proposed movement — 13.3% never needs to move in this scenario
- 3Proposed net positions held for review. Any member could challenge for four hours before the proposed positions are confirmed
- 4Reserve cover recomputed against modeled balances before any release
Eight seats, one cycle
Eight seats in the demo, each with its own views: owner, operator, lender, charterer, regulator, clearing house, vendor and broker. Each sees the same cycle from its own side.
Three seats in detail
The clearing house's proposed instructions for one cycle, a lender's loan book under a stated value stress, and a member application in the questionnaire's own words.
The words on this page
Each term as the demo uses it.
- Clearing
- What the demo does with a cycle of obligations between its members: it nets them and proposes one position per member. Nothing is executed.
- Netting
- Setting what a member owes against what it is owed, across every counterparty, so one net figure remains per member.
- Obligation
- An amount one member owes another in the cycle's synthetic ledger.
- Proposed position, proposed movement
- The net figure the calculation proposes for a member, and the total that would move if every member accepted. In the demo nothing moves.
- Reserve cover
- The tape's check that modeled balances cover the proposed movement before anything would be released.
- Novation
- Replacing an obligation with a new one between different parties. The demo does none: its disclosure reads "calculation only — not settlement or legal novation".
- Seat
- A role in the demo with its own views: owner, operator, lender, charterer, regulator, clearing house, vendor or broker.
- Modeled
- Marked on screen as a figure from the fixture, shown to illustrate the mechanism, not measured.
See a cycle run in your seat.
A walkthrough is a session in the demo, arranged by email.