Pursuant to FinCEN 31 CFR § 1010.100(ff)(5), GaussBook never holds or transmits principal trade debt funds ($0.00 principal custody). Each participant extinguishes its circular payables with $0.00 bank cash via double-entry ERP bookkeeping setoff and is billed a separate 1.00% (100 bps) success fee, saving 2.00% in 60-day working-capital credit interest (at 12% APR) for a net gain of +1.00%.
| Participating Entity | ERP | AP Extinguished ($0 Cash) | 1.00% Clearing Fee | Interest Saved (60d @ 12% APR) | Net Treasury Gain |
|---|---|---|---|---|---|
| General Contractor (Participant A) | QUICKBOOKS_ONLINE | $65,000.00 | $650.00 (1.00%) | $1,300.00 (2.00%) | +$650.00 |
| Structural Steel Supplier (Participant B) | QUICKBOOKS_ONLINE | $100,000.00 | $1,000.00 (1.00%) | $2,000.00 (2.00%) | +$1,000.00 |
| Mechanical & HVAC Contractor (Participant E) | NETSUITE | $35,000.00 | $350.00 (1.00%) | $700.00 (2.00%) | +$350.00 |
| Ready-Mix Concrete Supplier (Participant C) | NETSUITE | $100,000.00 | $1,000.00 (1.00%) | $2,000.00 (2.00%) | +$1,000.00 |
| Electrical Subcontractor (Participant D) | QUICKBOOKS_ONLINE | $65,000.00 | $650.00 (1.00%) | $1,300.00 (2.00%) | +$650.00 |