Are you an LLM? Read llms.txt for a summary of the docs, or llms-full.txt for the full context.
Skip to content

17. Legal and compliance note

CPP can coordinate tokens, vouchers, Pools, and swaps whose legal treatment depends on their design, marketing, use, responsible parties, and jurisdiction. Nothing in this White Paper is legal, tax, investment, credit, or financial advice.

Use of the CLC App is governed by the Terms of Service. GEF operates the App and supporting infrastructure. Unless GEF expressly assumes another role, it is not an issuer, Pool Steward, custodian, lender, borrower, broker, guarantor, redeemer, adviser, insurer, or party to obligations between participants.

Deployment-dependent payment services must identify their responsible provider, jurisdictions, eligibility, fees, limits, custody model, and terms. The presence of a connector does not mean that GEF or a Pool operates the underlying regulated service.

17.1 Voucher and Offering disclosures

An issuer should publish and keep current:

  • responsible identity and contact information;
  • the associated Offering, unit, supply, stated value, and capacity;
  • presentment locations and procedures;
  • fulfillment timing and evidence;
  • expiry, fees, taxes, restrictions, and material-change rules;
  • complaints, substitutions, refunds, or other remedies; and
  • the discharge method preventing reuse after fulfillment.

A token contract does not establish these terms or prove performance.

17.2 Pool disclosures

A Pool Steward should publish:

  • the Pool's purpose and accountable decision-makers;
  • the SwapPool owner, proxy administrator, dependency controllers, and fee recipients;
  • admitted assets and suspension or removal rules;
  • valuation methods, quote sources, fees, token-balance caps, inventory, and owner-withdrawal powers;
  • contribution and exit rights;
  • every reserve, guarantee, guarantor, insurance policy, and loss-allocation rule; and
  • governance, upgrade, emergency, complaint, migration, and termination processes.

Listing is not endorsement, valuation, insurance, or a guarantee by GEF.

17.3 Actions and obligations

An ordinary Pool swap exchanges supported assets under a displayed quote and transaction bounds. Asset direction does not make it a loan, repayment, issuer redemption, or real-world fulfillment.

Redemption presentment returns or presents voucher units to an issuer. Fulfillment is the issuer's promised performance. Discharge records fulfilled units so they cannot be reused. The App's “Redeem” action currently prepares a transfer to the token owner; that transfer alone does not prove fulfillment.

The App's “Retire voucher” action is reversible catalog unlisting. It does not burn balances, cancel claims, or discharge obligations.

A future loan or other credit product would require separately presented supplemental and transaction terms before use. No ordinary send, contribution, Pool deposit, Pool swap, presentment, fulfillment, or discharge creates a loan merely because of its direction or asset type.

17.4 Protections, evidence, and local law

A limit, reserve, registry entry, App listing, or blockchain transaction is not automatically a guarantee or insurance policy. Any protection must identify its responsible party, covered event, funding, cap, exclusions, duration, evidence, claim process, and applicable terms.

Public-chain evidence can show addresses, assets, amounts, timestamps, and contract events. It does not by itself prove identity, issuer capacity, fulfillment, satisfaction, governance deliberation, legal discharge, or social impact.

Features may be restricted or unavailable because of law, sanctions, eligibility, contract state, inventory, limits, security, jurisdiction, or third-party services. Issuers, Pool Stewards, providers, and participants remain responsible for determining and complying with applicable law.