Transfer Agent

Debt instruments can be transferable among investors.

D-ASA supports both on-chain and off-chain transfer agents.

The Transfer Agent executes primary and secondary movement of D-ASA units.

Secondary transfers

transfer MUST move active units only after:

• The contract is active;
• The transfer window is open, if a window was configured;
• Both counterparties are valid, distinct, and unsuspended accounts;
• Both counterparties are settled to the current global indices;
• There is no due ACTUS event pending at the global cursor.

The sender of the D-ASA transfer MUST have enough D-ASA units to transfer.

The method MUST return the number of units transferred.

Transfers are unit-based. The current kernel does not persist a mutable per-unit nominal value or per-unit coupon status.

Caller model

The D-ASA transferability policy may involve and integrate KYC/AML processes, pre-authorizations, secondary market restrictions, etc.

The current reference implementation requires the holder to call transfer directly.

The method MUST reject calls from any other address. Transfers are therefore direct holder actions, not transfer-agent proxy calls.