Your funds follow an identified, safeguarded route.
Funds received against electronic money are safeguarded in a dedicated account at BNP Paribas. MAP’s digital euro is backed by the euro one for one and redeemable at par value.
The amounts in this animation are examples, chosen to illustrate the mechanism.
- Your digital euro account pays in funds: 250 000,00 € enters the circuit.
- The funds received are safeguarded (cantonnement) in an account held at BNP Paribas, under article L. 522-17 of the French monetary and financial code: they are kept apart from MAP’s own funds.
- Every payment leaves the safeguarded account: 60 000,00 € goes to the referenced supplier, in euros.
- The unspent balance, 190 000,00 €, comes back to the digital euro account at face value (valeur nominale).
Safeguarding of funds at a glance
- Safeguarding Dedicated account at BNP Paribas Separate from the institution’s own funds
- Parity Backed by the euro one for one MAP’s digital euro is electronic money
- Redemption At par value Under your contractual arrangements
Flow of funds
From funding to redemption.
Funding
The organisation or contributor provides the funds intended for the account.
Safeguarding and issuance
Funds are safeguarded at BNP Paribas. MAP issues the corresponding electronic money at parity with the euro.
Allocation and payment
Euros are allocated to users, who pay within the defined rules.
Redemption
The holder requests redemption of their electronic money under their contractual arrangements.
Parties involved
A defined role at each stage.
- Mon Ami Poto SAS
- Receives the funds, issues electronic money, arranges safeguarding and handles redemption.
- BNP Paribas
- Maintains the dedicated account in which funds received are safeguarded.
- Funder
- Provides the funds and monitors their allocation and use.
- User
- Holds the allocated euros and uses them under the rules applicable to their account.
- Supplier
- Receives payment for the goods or services supplied.
Safeguarding mechanism Funds separated from MAP’s operating resources.
Safeguarding means holding the funds received in a dedicated account, separate from the institution’s own operating funds.
This mechanism protects the funds received against the electronic money issued. Euros held in the MAP account are redeemable at par value; the request and processing arrangements appear in the terms applicable to the account.
Supporting documents Documents to review with your finance team.
The terms applicable to your account set out the flow of funds, redemption arrangements and the treatment of balances on closure.
- The contractual terms identify the institution and the services selected.
- Safeguarding documentation describes the mechanism and the parties involved.
- The account agreement and financial terms set out redemption requests and any applicable fees.
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