About this publication
“Operational Capabilities of the Alkaimi Ecosystem™. Institutional Realignment: Claims Reduction within the Granular Value System, Reducing Interbank Claims and the Reliance on Credit Default Swaps” is the first in a series of technical publications issued by Pegisai Global Holdings relating to the Alkaimi Ecosystem’s capabilities and benefits. The publication was released for public engagement on 5 October 2026.
The 5 October 2026 publication was written to provide information about Pegisai Global Holdings’ products and services. Parties who benefit from this information are: the public, governments, regulators, market commentators, and the company’s core product users or beneficiaries including: central banks, financial system supervisors and prospective Alkaimi Ecosystem financial institutions.
What the publication states
The publication names the problem in today’s banking system: the claims banks carry against one another and the credit default swaps banks buy and sell to insure those claims.
The publication illustrates the Alkaimi Ecosystem’s operations and discusses the compliance and legal issues, including what the DTA™ legally is and is not. The publication shows the effect of the operations on banks’ balance sheets and on central banks, including the influence the operations may have on how central banks set interest rates. The publication sets out the potential outcomes of the model’s work to stabilize the global financial system, and closes by answering the fourteen hardest questions regulators ask.
About Pegisai Global Holdings
Pegisai Global Holdings develops, licenses and administers the technology supporting the Alkaimi Financial Ecosystem™. The company also operates as the administrator of an institutional settlement infrastructure. Pegisai Global Holdings is not a standard fintech vendor and the publication illustrates this in detail.
About the Alkaimi model
Every day, banks pay one another trillions of dollars on nothing more than a promise to settle, and most of those promises have no collateral behind them. Banks insure those promises with credit default swaps: insurance one bank sells another against a borrower failing to pay. If the bank that sold the swap can’t pay, the insurance is worthless. Currently, United States banks hold about $121 in derivative contracts, at face value, for every $1 of cash in circulation, and credit default swaps alone come to almost $3 for every $1 of cash. When people take more cash out of a bank than the bank can pay out, because they fear the bank can’t pay, that’s called a bank run. A run can close a bank in days, and history shows the fear usually spreads to other banks as well. In the United States, the FDIC’s insurance fund holds only about $1.48 for every $100 of insured deposits. The government insures up to $250,000 per depositor, per bank, and when the fund runs short, the taxpayers pay. There is not enough cash and assets in the system to pay off all the claims and credit default swaps if they came due at once. Central banks could print more money in a default, but governments can’t carry that cost, and neither can the taxpayers. The Alkaimi™ model brings new sources of asset value, more value and more stability into the existing financial system, and begins to reverse that shortfall.
“The model moves settlement from net debt to gross asset: the value moves, the obligation is extinguished, and the counterparty risk between the banks leaves with the claim.” Operational Capabilities of the Alkaimi Ecosystem, 5 October 2026
The Alkaimi model’s objectives
The publication lays out, illustrates and supports how the model, its components and the operations of the Alkaimi Financial Ecosystem correct, improve and protect the existing financial system, strengthen the stability of the existing financial system, and reduce stress on central banks and scrip currencies. The model provides:
For central banks and supervisors: Basel III+ compliance recorded in real time, the DTA as Level 1 on Pegisai™’s published position, and risk isolated inside a walled garden.
For member institutions: finality that leaves no open claim, a wind-down of credit default swap books, and custody that becomes liquidity.
Banking operations are conducted by member chartered financial institutions licensed to operate the Alkaimi model.
Our collective aim: to become an ally in each central bank’s mission to stabilize the regional and larger global banking sector. Our efforts are to provide a clear, compliant blueprint for prospective financial institutions under the supervision of their regional regulators in accomplishing this mission.
Each section of the publication is presented in the menu on this page.
An official copy of the publication is available in PDF format.