The framework the system is written in is Python and Django which is ideal for prototyping and rapid, iterative development supporting large quantities of data and the perfect structure for financial analysis and computing through Pandas (DataFrame and Series objects) and NumPy (ndarray). The strings of data and records that must be processed through the system and the automated statistical models give access to analyze large and complex datasets through sophisticated statistical calculations. Our financial framework and trading technology are built for a high activity environment without losing any data or being at risk for security breaches. The framework and infrastructure of the Globe Merchant Exchange will run on our servers and network to ensure that quality and performance always exceed the demand, for the satisfaction of the client. The terminal infrastructure uses Public Key Infrastructure (PKI) which includes a set of roles, policies, software, and procedures needed to create, manage, use, store and revoke digital certificates and manage public-key encryption to ensure safety and quality without compromising with the effectiveness or products of the terminal. Our trading technology eliminates unnecessary latency and provides users with a smooth and reliable exchange. Globe Merchant Exchange will also consider the implementation of known and high-performing trading server software, such as Stratus Open VOS if it corresponds with customer demand. While the popularity among decentralized exchanges is growing with a special focus on the cryptocurrency industry, we understand the absolute importance of a centralized and secure exchange when it comes to global debt financing. While Globe Merchant Exchange is looking into the potential of blockchain technology to enhance the security and efficiency of the terminal, we have not yet decided how and if it will be implemented in the trading technology. Our Public Key Infrastructure (PKI) technology will allow users to share, sign and finalize contracts and agreements through the exchange. PKI technology is legally approved and available in most countries and is the technology that all digital signatory companies use today.

Security protocols

To ensure ultimate prevention of DDoS, the terminal uses different security protocols on different layer levels which will secure the data integrity and protect sensitive data, financial data and allow file transfer using the cryptographic method. 

The implementation of Application Layer Filtering (ALF) provides a high degree of protection towards the Internet Payment Gateway, Server Based Wallet (Account), and the dedicated Payment Server to ensure a complex security layer. The filters are implemented as a dedicated firewall. The server application is located on a private network behind our firewall. In contrast to the filter circuit level, application-level intermediaries allow only packets that they were assigned to work. Application-level intermediaries check the contents of each packet passing through the gateway. To secure the data at the network level the Internet Protocol Security (IPsec) will authenticate and encrypt the packets to ensure secure encrypted communication between two users through the internet protocol network. The IPsec supports network-level peer authentication, data origin authentication, data integrity, data confidentiality, and replay protection. The sharing of files within the servers through SFTP will be secured by SSH protocol which a connection will be established in a secure environment to prevent password sniffing attacks and ensure data integrity with cryptographic hash functions and data encryption. When users communicate through the terminal on the internet the Transport Layer Security (TLS) ensures privacy and prevents third party tampering of the message.

Methodology

The Cross-Border Grid (CBG) is the core of the terminal and provides all users the access to safely interact and transact through a model which will drastically enhance the effectiveness of cross-border capital investments through a chain of procedures and protocols including security, risk assessment, risk adjustment, and a scenario formulation – all happening within the terminal. The methodology behind the grid is purely based on security procedures and financial modeling operating together to make it faster, safer, and more efficient for capital providers and finance seekers to cooperate. The CBG is where our role as market makers steps in. The CBG will connect finance seekers, with available business, with trusted financiers around the world. The most important part of the CBG is that both parties have been verified and authorized by the system, which ensures that users are dealing with a serious counterpart. The CBG takes globalization one step further.  

Our financial model is developed around the principle of providing understandable metrics to users via an advanced but logical methodology creating a formulation for type 1 users to have a detailed overview of the specific project with all decisive factors taken into consideration.

At the formulation stage of each project, the model will include various assumption variables including, flag assumptions, macro assumptions, profit & loss assumptions, current assets & liabilities under balance sheet assumptions, and the share capital under equity. Using data and intelligence from the OceanEXL Intelligence database, the formulation will include current market variables and asset details, ensuring that the investment metrics provided will include actual market charter rates, asset prices, vessel and asset details as well as forecasted scenarios creating a reliable and certain case for the type 1 user to base their decision on.

The theory behind the model is to create a scenario in which a capital provider can estimate the value of the project in terms of the current value of the asset, depreciable value, residual value, opportunity cost, and return functions.

Throughout the development of the model, the most important factor was to recreate the model via a sustainable, scalable, and data-centric framework that can handle large sets of data, complex mathematical models, and functions to support the formulation of scenario-based investments.

Identity of users and applicants

To ensure safe authentication of users and applicants the users will have to go through an application protocol retrieving information and data (documentation) on the user for the terminal to control the identity and be vetted by an assigned quality control personnel. Various decisive factors will be taken into consideration when authenticating a user identity such as IP address, OAuth, Role-Based Access Control (RBAC), Policy-Based Access Control (PBAC), and Rule Set Based Access Control (RSBAC) to ensure a streamlined identity control with minimum risk of unwanted access and breach.  

This and more also helps to ensure reliable identity and access management (IAM) for cybersecurity, to verify that only allowed professionals will be given access to the terminal, and the system can immediately detect users/IP addresses trying to enter restricted functions.

As part of the authentication and documentation process, user 2 will be required to fill out a standard Globe Merchant Exchange know your customer (KYC) form, anti-money laundering (AML) form. When a type 2 user creates a finance request, they will in addition to the information given in the registration process, be asked to provide a bank statement, prove of collaterals (if any), and which other parties are involved in the project, which user 1 can request user 2 to review before or after giving a finance offer. This is required as a presetting for creating finance requests, to ensure professionalism, faster and easier financing, and help user 1 determine the creditworthiness of a type 2 user.  

User 1 will be required to fill out a standard Globe Merchant Exchange know your customer (KYC) form and anti-money laundering (AML) form. A user 1 might require additional information from a user 2 on which project they wish to finance, however, this should all be included in the subjects of the financiers’ offer.  

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