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.

1.2 Article I – Legal Personality

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
DBIS maintains functional immunity under its Charter from:
- National or private claims
- Seizure of assets
- Interference in operations

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.

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

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

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

1.7 Article VI – Dispute Resolution

Three‑stage arbitration:

Bilateral negotiation
CAA mediation
Binding arbitration under DBIS Charter Article VI‑A

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