FCA HNW EQU – Cash cheque on paper transaction

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Inventing FCA Herhofer Net Worth and launching it on the financial market, we follow adoption of latest most successful currency – EURO Launch Roadmap.

The Roadmap

For a few years, we invented and delivered Herhofer Net Worth Capital Market Private Currency itself and Herhofer Net Worth Planetary, Space and Interstellar Currency Referencing Service Released to Market on 02/2023 strongly use till now. For commercial use currency balance is above H120,000 spending with main balance users FCA, HMCTS, Bank Of England.

Herhofer Space Bank is recognized in all our payments, it is launched in the way Bank of England prescribe of Bank Startup. We will deal with this topic next time.

Herhofer Net Wroth itself is in two stages running the business until our services are authorized aligned with our adopted EURO launch roadmap

Worldwide financial operations require digital authorization of financial entity to deliver rapid fast financial transactions world globally. For this purpose we invented Cash Cheque to fill the gap of time between our first payment in HWN and FCA authorization, allowing us pay for our bills and services.

We invented HNW EQU Cash Cheque for transactions on paper

Financial Media, is an authorized business dealing with transactions in digital payments and finances, facilitating our cash cheque payments – currency exchange, BACS 99 transaction credit to account, add cash to the portfolio application.

Transactions on paper meaning is the EQU adoption, EQU was calculated as equivalent of future EUR. To pay their bills and services, European Bank designed EQU and execute on paper transactions. Meaning of on paper is the EQU equivalent is calculated outside of all banking systems, its purpose is to account payments on paper, further payment is converted to cash depending of the target payment

Adopting the process, we invented our FCA HNW EQU to deliver payments, paying successfully first payment on 15/08/2023, since that time the volume of payments increase slowly and securely.

For the Payments with FCA for example we pay in our cash cheque fees for authorization

We do on paper transactions issuing Cash Cheque HNW EQU, this cash cheque survive only EQU stage where we are not FCA authorized yet .

Dealing with paper transactions, Generate Cash Cheque

Accounting of paper transactions

Requirement of FCA to manage paper/cash transactions is to provide core business requirements – accounting, auditing, taxation and reporting, AML clearance.

We maintain our accounting of

Issued Cheques Register
Paid Services Register
Report to HMRC

At present we do not have deposits and spend our own money, reporting requirement and taxation are out of scope, we still maintain our reference of accounting. In the same way we deposited money in our businesses from SCRAM Bank accounts launching effective payment solution of HNW EQU Cash Cheques

We applied for

Herhofer Space Bank authorization

Herhofer Stargate Network Authorized Payments Institution

Galactic Services Space Small Payment Institution

We also feature a few more financial providers joining Herhofer Space University – HSRIBank a university designated space and interstellar payments

This year, we missed one licensing as we added not required document, found an issue in FCA our licensing was rejected with possibility to reapply.

The bright future is in the scope of the next 12-18 months we will be able deliver out FCA Authorized Services to perform all required financial capital market digital services.

At this point Cash Cheque will be converted equal functionality to UK ICS and our SCRAM Financial Network for Galactic Global Payments

Lorenz Herhofer, CEO

Herhofer Space Bank