A
Alice's Node
Accounting System
Alice's S.E.
Settlement Engine
B
Bob's Node
Accounting System
Bob's S.E.
Settlement Engine
Underlying Core Ledger
XRP / ETH / ACH
$100
Alice's Internal Ledger
Owed to Bob (Liability)
$0
Threshold: -$100
Settle-To: $0
Bob's Internal Ledger
Owed by Alice (Asset)
$0
Settle-To: $0
Max Balance: $100