SIO-6.3 Reconciliation and Addressing Discrepancies
Reconciliation
SIO-6.3.1
Stablecoin issuers must conduct internal and external reconciliation on a daily basis. For internal reconciliation, stablecoin issuers must compare, as per their own records, the value of reserve assets against the par value of the approved stablecoins in circulation and check whether the value matches. For external reconciliation, stablecoin issuers must compare their internal records of reserve asset valuation and par value of approved stablecoins in circulation with the records of any third party with whom the reserve assets are being held.
Added: July 2025Addressing Discrepancies: Excess
SIO-6.3.2
Upon daily valuation and reconciliation of the reserve assets, if the value of the reserve assets is in excess of the par value of the approved stablecoins in circulation, the excess amount must be removed from the reserve assets account within one business day and transferred into the stablecoin issuer’s own account.
Added: July 2025Addressing Discrepancies: Shortfall
SIO-6.3.3
Upon daily valuation and reconciliation of the reserve assets, if the value of the reserve assets is less than the par value of the approved stablecoins in circulation, licensee must top up the shortfall amount at the earliest but no later than 1 business day. The stablecoin issuer must top up any identified shortfall from their own liquid resources. The CBB must be immediately notified about the shortfall, its value and the measures taken by the licensee to top up the shortfall.
Added: July 2025