Closed mistermoe closed 1 month ago
After further thought I agree it'd make sense to explicitly include a top level unrounded rate in the Quote
. That said, I think this should be an Eng decision, since the relevant Regulatory requirements can all be met as-is:
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must disclose a rounded exchange rate to usersQuotes
must be consistent in disclosing Quotes' detailsDuring our mtg, I was incorrectly concerned about Req 3 being met if we include an explicit rate in the Quote
. Since some PFIs might apply the rate to the payin
amount after fees, and others to the payin
amount before fees. But in those two scenarios the rate itself isn't changing, it's just how it's applied that's changing. And that difference is correctly reflected in the payout
amount that will be disclosed to users. All that said, I was wrong in my thinking during the meeting, and this proposal meets all of our requirements.
notes out of tbdex wg discussion
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