When both sender and receiver are customers of the same institution, 4orm settles the transfer entirely on the bank's own canonical ledger. No external rails, no inter-bank coordination, no settlement risk. Two accounts, one bank, one atomic write — under a second.
<1 second end to end1 institution, all internal1 atomic book transfer0% fail rate, internal validationDebit and credit on the same ledgerZero external rail cost
<1second
Internal transfer time
Customer A to Customer B
1bank
Institutions involved
On-us, no inter-bank coordination
1write
Atomic book transfer
Debit + credit on the bank's ledger
$0cost
External rail cost
No SWIFT, no Lynx, no CDS — on-us
4orm settlement · <1 second end to end · Canadian institutional trade
Debit and credit on the same ledger
540Small green coin, left to right · instruction settling atomicallyACKSmall blue coin, right to left · confirmation in the same writeBig gold bag · your principal settling atomically in seconds
Click for index · what every colour, shape, and badge above means
Index · what every colour, shape, and badge means above
5 lanes — animated transaction elements
Lane boxSender or receiver · account # cycles every 3s per lane
C$50Green amountDollar value flying from sender to receiver
►Green SENDPulses to trigger each transfer in the lane
✓ SETTLEDNeon settledFlashes when the amount lands at the receiver
Live pulseCanonical ledger live indicator · updates in real time
Ledger rowNew entries arrive at top · existing rows slide down
Comparison rail · legacy on-us vs 4orm
Red barLegacy on-us pain · bar length = how bad
Green sliver4orm reality · bar length = how minimal
C$2.3BHero numberLive production scale · CDN dollars settled today
5 reasons cards · colour-coded by reason type
Green cardRevenue play · new product line, wedge, fintech UX
Six categories of cost the legacy chain generates per trade. 4orm removes every single one of them, atomically, on every trade.
01 · Counterparty risk eliminated
~3s
Window of exposure
From execution to final book is 3 seconds. Debit and credit on the same ledger. The economic exposure collapses to nothing.
02 · Capital freed
C$0 buffered
Capital fully deployed
No pre-funding required. Cash settles atomically with the asset in the same instruction. Every dollar of buffered capital is freed back to the desk.
03 · Reconciliation FTEs released
0 / C$bn AUM
People freed from comparing ledgers
One canonical ledger of record. Nothing to compare. Back-office headcount that was spent matching the same trade across five books is freed for higher-value work.
04 · Messaging cost gone
C$0 each
1 atomic book transfer
One ISO 20022 atomic instruction. No per-message charges, no repairs, no corrections, no acknowledgement chains. The whole settlement is a single write.
05 · No trade fails
0% of trades
Fails caught at the rail
SSI is pre-validated. Atomic settlement is all-or-nothing: the trade either settles in full or does not fire. No tickets, no phone calls, no rebooks, no regulatory penalty.
06 · Corporate actions atomic
real time
Distributions and entitlements
Distributions and entitlements settle atomically on the same canonical ledger. Same instant write, same atomic guarantee, same zero ops cost.
What 4orm does
One canonical ledger. Atomic DvP. Compliance at the rail. Custody in the same write.
Atomicity: cash and securities settle in the same instruction. Either both legs commit or neither fires. No exposure, no fails.
Canonical ledger: one source of truth, real-time. No reconciliation needed because there is nothing to reconcile.
Compliance at the rail: KYC, AML, sanctions, accreditation checked before the instruction is accepted. Fails caught upfront, not at end of day.
Same asset coverage: equities, fixed income, ETFs, derivatives margin. Same plumbing, atomic settlement, zero ops cost.
What 4orm collapses
Every category of cost the legacy chain charges per trade — collapsed to zero.
Risk: ~3 seconds of exposure on every trade. Atomic DvP, no settlement risk window.
Capital: no pre-funding. Cash settles atomically with the asset. Every dollar deployed.
People: back-office freed from reconciliation. One canonical ledger, nothing to chase.
Messages: one ISO 20022 atomic instruction per trade. No SWIFT fees, no per-message charges.
Fails: 0%. Atomic settlement is all-or-nothing. Either both legs commit or nothing fires.
Speed: ~3 seconds from execution to final book. Every trade. Always.
The relief · what 4orm delivers
One ledger. Cash and securities atomic. Three seconds, every trade.
Nine parties, five books, 36 hours, one trade. 4orm collapses the chain to a single event. One canonical ledger. Cash + asset settled on RTR or BoC money. Securities posted in the same instruction. Compliance checked at the rail. Custody confirmed in the same write.
Nobody gets removed. Brokers still match. Custodians still attest. CDS and Lynx still run. 4orm is the rail that makes them atomic.
Concept diagram for institutional discussion. Timing and message counts illustrative of a typical Canadian institutional fixed-income or equity trade under T+1, drawing on ISO 15022 / 20022 message standards, CDS Clearing and Depository Services workflows, and Lynx operating procedures. Not a CDS, Payments Canada, or 4orm product specification. Cost figures sourced from public industry benchmarks; treat as illustrative ranges, not audited estimates. Click any number to see the source authority and a direct link to the document. The legacy figures used for comparison are sourced identically to the legacy-concept diagram.