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RFS Meaning

RFS (Request for Service) is a service management term used in the IT and fintech sectors to describe a formal request made by a client to a service provider for a specific task that falls outside of standard automated operations. This could include requesting a custom API integration, asking for an increase in withdrawal limits, or initiating a specialized security audit for an institutional account.This protocol is a core component of the ITIL (Information Technology Infrastructure Library) framework, moving through a strict workflow of logging, impact analysis, and approval.

In a high-stakes financial environment, an RFS is often tied to a Service Level Agreement (SLA) that dictates response times. This ensures that a client's multi-billion dollar operation isn't stalled by administrative delays or poorly documented manual changes.In the crypto custody space, RFS is frequently used for manual cold storage withdrawals.

Because the assets are physically air-gapped from the internet for security, moving them requires a human-in-the-loop process.

A client submits an RFS, which then triggers a series of multi-signature approvals and physical security protocols to move the funds, balancing the need for absolute security with the requirement for operational responsiveness.

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Important Disclaimer:

Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

Finery Markets’ software is non-custodial and is provided exclusively to licensed institutional entities that act as independent operators of their own environments. All counterparties are solely responsible for establishing and maintaining their own bilateral trading and settlement relationships. Finery Markets is not a party to any such arrangements and assumes no responsibility for the conduct, verification, or compliance obligations of any users of the software.

Nothing on this website shall be construed as a financial promotion, investment advice, or an offer to engage in regulated activities. Access to and use of the software is strictly limited to clients who have entered into a software licensing agreement with Finery Markets. Persons located in jurisdictions where such access is restricted should not rely on this website or any of its contents.

Additional notice to UK visitors: This website and associated communications are not intended to constitute a financial promotion under The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) and related guidance. Access to services provided by Finery Markets is limited to regulated entities, professional clients and eligible counterparties as set out by the Financial Conduct Authority. UK users are not permitted to use this website for the services of Finery Markets if they don't fall within these categories.