# DBIS CONSTITUTION (FULL LEGAL DOCUMENT)

## 1.1 Preamble

The Digital Bank of International Settlements (DBIS) is established as the supreme multilateral monetary and settlement authority governing the cross-border financial infrastructure of thirty‑three Sovereign Central Banks (SCBs), including the Organisation Mondiale du Numérique L.P.B.C. (OMNL). The DBIS Constitution codifies the rights, obligations, governance structures, and legal foundations through which the global settlement system shall operate.

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## 1.2 Article I – Legal Personality

1. DBIS possesses full legal personality, including:

   * The authority to enter contracts
   * The capacity to hold assets and reserves
   * The authority to supervise and regulate sovereign settlement operations

2. DBIS maintains functional immunity under its Charter from:

   * National or private claims
   * Seizure of assets
   * Interference in operations

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## 1.3 Article II – Mandates

DBIS shall:

* Maintain global monetary stability across SCB settlement systems.
* Operate the DBIS Master Ledger and Global Settlement Fabric.
* Govern cross-border multi-asset transfers.
* Oversee CBDC interoperability and systemic liquidity.
* Enforce compliance with ISO, ICC, FATF, and UNCITRAL frameworks.

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## 1.4 Article III – Sovereign Rights

Each SCB retains:

* Monetary policy independence
* Full sovereignty over domestic currency issuance
* Independent AML/KYC frameworks (within DBIS thresholds)
* Control over domestic private banking licensing

SCBs delegate to DBIS:

* Cross-border settlement authority
* CBDC interoperability standards
* Interbank liquidity frameworks
* Global FX governance

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## 1.5 Article IV – Governance Bodies

### 1.5.1 DBIS Board of Governors

* One voting member per SCB
* Voting weight determined by liquidity contribution + stability metrics

### 1.5.2 Monetary & Settlement Council (MSC)

Responsible for:

* FX reserve ratios
* Liquidity obligations
* Settlement finality rules

### 1.5.3 Compliance & Audit Authority (CAA)

* Supervises FATF, ISO, and ICC compliance
* Executes audits of any SCB

### 1.5.4 Sovereign Crisis Committee (SCC)

Activated for:

* FX collapse
* Default events
* Liquidity freezes

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## 1.6 Article V – Voting & Amendments

* **Simple Majority:** Standard operational updates
* **Supermajority (2/3):** Settlement framework amendments, FX bands
* **Unanimous:** Membership changes, liquidity guarantees, CBDC issuance standards

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## 1.7 Article VI – Dispute Resolution

Three‑stage arbitration:

1. Bilateral negotiation
2. CAA mediation
3. Binding arbitration under DBIS Charter Article VI‑A

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