[Webfunds-users] bearer payments to market?

Tue, 07 Nov 2000 11:42:08 -0400

<someone> asked:
> when you do a trade in your market, is the transfer a bearer one or a
> directed one? or is that a silly qn?

When you send the value to the market, it is a SOX payment
written to Bearer, currently.  The market does try and tell
which payment to write to, but there was a glitch.  As the
lower level (SOX) guaruntees a secure connection to the market
this isn't so much of a problem.

When the market sends back the goods and change, it does a
direct payment straight through the issuer, and passes you
back the receipt.  This is done for reliability at the market,
it knows you are paid and doesn't have to worry about outstanding
payments (i.e., your Trader being lazy and not cashing the
payments returned).

iang