Platform Reserve Accounts

Platform Reserve Accounts (<<account_reserveUS>>) are accounts held at Synapse's bank partners in the name of the Platform to provide a buffer for Synapse against unforeseen contingencies or capital loss(es). Each Platform that maintains a relationship with Synapse is required to maintain a "Reserve Amount" (i.e. a pre-determined amount of funds based on the Platform's expected transaction volume and the level of risk posed by the Platform's activities, as outlined in the Platform Spec Sheet) within the designated Reserve Account for the duration of the Platform's relationship with Synapse. The Platform shall keep an amount equal to its Reserve Amount in the Reserve Account at all times.

In the event that the Platform encounters an issue that requires Synapse to pull funds from the Platform's Reserve Account, the Platform should replenish the funds in the account back up to the Reserve Amount as soon as possible.

Please note that a Platform's Reserve Amount will periodically be subject to change. For instance, if a Platform requests increases for transactional limits, Synapse may require an increase for the Reserve Amount in line with the request (also dependent upon observed transaction volumes and risks for the Platform).

User Reserve Accounts

User Reserve Accounts are credit-only accounts that can be tied to specific users for very specific use cases. For example, because a User Reserve Account is pre-funded by the user, you could use such an account to offer the user a secured credit line (e.g. when that user needs to build credit history).