Treviya
Academy · Glossary

Platform terms,in plain language.

Every word used across the Treviya platform, cycle, allocation, ledger, settlement band, AML, MLRO, POD, defined in a single sentence each. Grouped by theme for navigation.

Cycle walkthrough →Academy hub →
Cycle and participation
Allocation
The portion of a cycle a member has authorised. Denominated in boxes; binds at fill.
Authorisation
The signed commitment to participate in a specific cycle. Recorded on the append-only ledger with timestamp and signed receipt hash.
Binding boundary
A point in the cycle lifecycle at which a commitment becomes irrevocable. Cycles have three binding boundaries, authorisation, fill and settlement.
Box
The smallest commercial unit on any cycle. Every box costs 150 credits at the brief, across all categories.
Brief
The public document for a cycle. Includes specification, supplier card, fee stack, margin model, timeline and channel mix. Published before authorisation opens.
Credit
The unit of account on the platform. One credit is equivalent to one unit of the reference currency stated on the brief.
Cycle
A short, fully-paid bulk commerce operation on a specific lot of physical goods. The fundamental unit of platform activity.
Cycle book
The public index of cycles currently filling, recently settled or about to open.
Cycle window
The period between authorisation opening and cycle close. Typical windows are 60–120 days depending on category and lane.
Delivery path
The cycle path where physical goods are shipped from the regional 3PL to the member's address. Selected at the fork.
Fill
The moment a cycle reaches 100% authorisation and the bulk order is committed with the supplier. Authorisations become binding at fill.
Fork
The choice recorded at authorisation, resale through partner network or physical delivery. Binds at fill.
Resale path
The cycle path where the partner channel network clears the allocation. Net proceeds settle to member Balance at close.
Reserved credits
Credits allocated to a pending authorisation. Reserved credits cannot apply to another cycle until the cycle either fills or fails to fill.
Procurement and suppliers
Bulk order
The aggregated purchase order placed with the supplier once a cycle fills. A single contract for the entire cycle allocation.
Cooperative-direct
Sourcing directly from a producer cooperative rather than through an aggregator or exporter. Treviya's preferred supplier structure.
Factory audit
On-site inspection of a supplier's production facility. Required for applicable categories at gate two of curation.
Origin inspection
Inspection of goods at the supplier's premises before shipment. Mandatory for every cycle.
Sample testing
Independent laboratory testing of a representative sample before the cycle is approved. Required for categories where chemistry or safety matters (oils, honey, cosmetic raw materials, spices).
Six-gate curation
Treviya's curation framework. Every candidate deal passes six gates, market demand, supplier vetting, margin modelling, competitive scan, logistics clearance, committee approval, before a cycle opens.
Supplier card
The public supplier profile on a cycle brief. Contains supplier licence status, UBO disclosure, prior-cycle history with Treviya and references.
Supplier scorecard
Per-supplier quarterly review across delivery timeliness, specification adherence, communication and exception handling. Drives future eligibility.
UBO
Ultimate Beneficial Owner. The natural person who ultimately owns or controls an entity. Verified at supplier onboarding and KYB.
Logistics
3PL
Third-party logistics. A specialist partner providing hub storage, inspection and last-mile distribution. Treviya works with 14 3PL partners across six regional hubs.
Bill of lading
The shipping document issued by the carrier acknowledging receipt of goods for transport. Attached to every cycle ledger.
CIF
Cost, Insurance and Freight. Incoterm for cycles where the supplier delivers goods, insured, to the named destination port. Common on ocean shipments.
FOB
Free On Board. Incoterm where the supplier delivers goods loaded onto the vessel. Less common on Treviya cycles.
Hub
A regional 3PL facility where cycle goods clear customs, are re-inspected and are prepared for dispatch to channel partners or delivery-path members.
Hub release
The point at which inspected stock is authorised to leave the hub for channel partners or last-mile delivery.
Last mile
Final delivery from the hub to the member's address or to the channel partner. Performed by carriers contracted by the 3PL.
POD
Proof of Delivery. Document confirming receipt of goods by the named recipient. Uploaded through the partner portal within 48 hours of last-mile delivery.
Quarantine
Stock held at the hub pending resolution of an inspection flag. Quarantined units do not settle until the exception is resolved.
Records and settlement
Above base case
An outcome band. Indicates the cycle settled at a higher net than the conservative margin anchor on the brief.
Append-only ledger
The platform's immutable event log. Every event writes once with a timestamp and signed evidence hash. Corrections take the form of additional entries.
Base case
The conservative margin model disclosed on the brief. The yardstick against which outcome bands are reported.
Below base case
An outcome band. Indicates the cycle settled at a lower net than the conservative margin anchor. Published alongside above- and within-base outcomes.
Divergence SLA
The time target by which a reconciliation divergence must be flagged to the platform team. Currently under two hours.
Materialised view
A readable summary generated from the ledger, for example, the settlement statement. Always derivable from the source events; never replaces them.
Net to members
The residual after all costs on the settlement statement. Distributed pro-rata across resale-path allocations.
Outcome band
One of three labels reported at cycle close, above, within or below base case.
Reconciliation
The daily process of matching ledger sums against stored balances per cycle and per member. Divergences are flagged within two hours and corrected through additional ledger entries.
Revised statement
A settlement statement re-issued after a post-close exception. References the original ledger entries; never overwrites them.
Sell-through
The percentage of units cleared within the cycle window. Published on settled cycles in the archive.
Settlement statement
The itemised close of a cycle. Line-by-line cost stack, net to members, outcome band. Materialised from the ledger.
Within base case
An outcome band. Indicates the cycle settled at or around the conservative margin anchor. The most common band for mature cycles.
Compliance and governance
AML
Anti-Money-Laundering. The regulatory framework under which Treviya operates, aligned to FATF Recommendations and implemented per local law in each jurisdiction.
Category restriction
A hard exclusion applied at gate one of curation. Restricted categories never reach the public cycle book. The exclusion list is reviewed quarterly.
eIDV
Electronic Identity Verification. Part of the KYC workflow, live selfie plus document cross-check.
FATF
Financial Action Task Force. The inter-governmental body that sets AML and counter-terrorism financing standards. Treviya aligns to FATF Recommendations.
KYB
Know Your Business. The verification path for institutional members, entity verification, articles, UBO disclosure, source-of-funds declaration.
KYC
Know Your Customer. The identity verification path for individual members. Mandatory before any allocation.
MLRO
Money Laundering Reporting Officer. The role with independent authority to file SARs, freeze activity and escalate to external authorities.
PEP
Politically Exposed Person. Accounts flagged as PEPs receive enhanced due diligence as a matter of policy.
Sanctions screening
Continuous screening of accounts and counterparties against UN, OFAC, EU, UK and Swiss SECO lists. Positive hits block activation or suspend activity pending review.
SAR
Suspicious Activity Report. The structured filing made to a Financial Intelligence Unit where reasonable grounds exist to suspect proceeds of crime, terrorism financing or sanctions evasion.
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Terminology, clarified.Now read a brief.

Every term you'll see on a live cycle brief is listed above. Jump into the book when ready.

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