RippleNet Committee

Industry Leaders in Banking

RippleNet Committee


Since 2015, Ripple and an advisory team made up of a diverse set of leading transaction bankers have been building the Rulebook, a common framework that ensures operational consistency and legal clarity for every transaction. This group actively advises on maintaining and enhancing the rules and standards as RippleNet grows.

Features


One Simple Integration
Participants can transact with anyone on Ripple’s growing global real-time payment network through a single agreement.
Standard Rules
Functional standards, payment rules and industry-led governance ensure a consistent payment experience.
Operational Certainty
The Rulebook offers clarity and operational certainty for the roles and responsibilities of network participants.

RippleNet’s Rulebook


Ripple’s network uses a common framework, created in consultation with the RippleNet Committee, for processing global payments.

RIGHTS AND OBLIGATIONS OF PARTICIPANTS
Commercial Framework Eligibility Criteria
BUSINESS AND OPERATIONAL RULES
Functional Standards SLA for Network Members
RULEBOOK MANAGEMENT
Development and Evolution Administration and Compliance
A common set of standards and protocols is critical for the integrity of any platform that transfers money across borders. This is an important milestone for banks to embrace distributed ledgers in the move from proof-of-concept to commercial-ready solutions.

Mike Baldwin, Head of Transactional Solutions, Global Transactional Services at Westpac Institutional Bank

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