# cap (limit)

- Canonical URL: https://www.gerhardmerk.de/cap-limit
- Post ID: 604342
- Modified: 2026-08-25T12:53:50+00:00
- Language: en

## Definition

A cap is a rule that restricts how large a participant’s permitted activity or outstanding position may become in a payment or settlement arrangement. It may govern exposure in either direction, including amounts owed to or receivable from the system, and is determined under the arrangement’s governance and measurement methods.

## Machine-readable

- Generator: Merk Knowledge 1.1.1