Guarantor passport

Guarantor passport.
Guarantors ensure the depositing/withdrawing of funds to/from the system under the instructions of holders of WM purses to the respective type. To obtain the guarantor status, an applicant (individual or legal entity) must provide financial and legal collateral for the exchange of title units issued by it for the declared amount of tangible assets, and finance for the system upgrade to account for the units of a created type.
The system specifies the following main requirements to guarantors: 100% reserve of assets accounted with WebMoney title units, and exchange of WebMoney title units to the equivalent quantity of assets of this type upon the customer’s request. Particular methods used to build depositing/withdrawing model must meet the above requirements depending on the jurisdiction, local banking system, legal and financial status of system guarantors.