# Roles and Responsibilities

#### Borrower / Lender (trader)

These users participate in the core borrowing and lending activity on the platform. Their responsibilities include:

* Placing orders to borrow or lend on agreed terms.
* Reviewing and co-signing the loan proposal at origination, using their own wallet.
* Initiating settlement at maturity (on-platform repayment, or registering an off-platform settlement).

Because trades are disclosed and occur only between pre-approved counterparties, each participant evaluates the other side's risk and sets its own limits, sizing, and LTV.

#### Liquidator

This is a permissioned role responsible for executing enforcement when a loan's on-chain conditions require it. The liquidator is a named, authorized participant rather than an open or anonymous liquidation bot, and acts only within the rules fixed into the contract at origination.

> *Note: liquidation applies to repo models that support on-chain enforcement (see Repo Models). The current Title Transfer Repo product does not use a platform liquidator.*

#### Institutional Admin

This role manages the institution's own users and access within TermPrime. Their responsibilities include:

* Inviting and managing the institution's users (borrowers, lenders, and any other roles).
* Managing the institution's wallets and identities on the platform.
* Assigning access to specific users within the institution.
* Initiating sensitive requests that require co-approval from the TermPrime Admin.

#### TermPrime Admin

This role manages the core platform and supports its smooth operation. Their responsibilities include:

* Managing core markets, supported assets, and network parameters.
* Co-approving sensitive operations initiated by Institutional Admins, adding an extra layer of control.
* Maintaining the platform's neutral configuration so that it continues to facilitate matching and record-keeping without acting as a counterparty.


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