Terms of Membership for The Velocity Council
By submitting an application for membership to The Velocity Council (“the Council”), you (“Member” or “Applicant”) agree to be bound by the following Terms of Membership. These terms govern your participation in the Council’s cohorts, digital forums, and data-sharing initiatives.
1. Membership Eligibility & Vetting
Practitioner Status: Membership is strictly reserved for active, senior-level Finance and Treasury practitioners (CFOs, VPs of Finance, Treasurers, or Directors of Supply Chain Finance).
Volume Requirement: Applicants must manage or oversee a minimum of $10M USD in monthly cross-border transaction volume.
Discretionary Admission: The Council’s Moderation Committee reserves the absolute right to deny admission to any applicant for any reason. We maintain a strictly enforced 12% acceptance rate to ensure peer-level parity.
2. The "Zero-Vendor" & Anti-Solicitation Mandate
Prohibition of Sales: The Council is a sanctuary from commercial solicitation. Members are strictly prohibited from pitching, selling, or soliciting products or services to other members.
Conflict of Interest: Employees, founders, or representatives of financial institutions, software vendors, or consulting firms are ineligible for membership.
Expulsion: Any member found to be using the Council’s directory or forums for commercial gain will be immediately and permanently removed without appeal.
3. Code of Conduct: The Chatham House Rule
Confidentiality: All Council proceedings are governed by the Chatham House Rule. Members are free to use the information and intelligence received, but they are strictly prohibited from revealing the identity or affiliation of any speaker or participant.
Data Integrity: Members agree to provide accurate, anonymized data when participating in FX benchmarking studies. Intentional falsification of treasury data is grounds for removal.
4. No Professional Advice
Information Only: The intelligence, data, and peer insights shared within the Council are for informational purposes only. They do not constitute financial, legal, tax, or investment advice.
Independent Judgment: Members are expected to exercise their own professional judgment and consult with their own legal and financial advisors before making treasury or infrastructure changes.
Limitation of Liability: The Council, its moderators, and Netaro Inc. shall not be held liable for any financial losses, regulatory penalties, or business disruptions resulting from actions taken based on Council discussions.
5. Intellectual Property & Brand Usage
The Council Brand: "The Velocity Council" name, logo, and benchmarking reports are the exclusive property of the Council. Members may not use the Council’s name in press releases or public marketing without written consent.
Member Contributions: By sharing anonymized data, you grant the Council a non-exclusive, royalty-free license to use that data for aggregated industry reports, provided your identity remains fully decoupled.
6. Termination of Membership
Voluntary Exit: Members may leave the Council at any time.
Involuntary Termination: The Moderation Committee may terminate membership at its sole discretion for violations of the Anti-Solicitation mandate or breaches of the Chatham House Rule.
7. Governing Law
These terms shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to its conflict of law principles.