{"case":{"agreements":[{"agreement_id":"SALE_U","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":false,"stay_business_days":0,"valuation_basis":"principal_and_accrued_interest"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"SALE_U_AUTH","description":"Required parties and authority confirmed","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"satisfied"}],"effective_at":"2027-06-05T12:00:00Z","status":"effective"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"execution":{"authority_evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"executed_at":"2027-06-05T12:00:00Z","signatory_party_ids":["MERIDIAN","P"],"status":"executed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"asset_sale","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","P"],"principal_terms":"sale_consideration","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2047-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"buyer_id":"P","cash_event_id":"CF_SALE","instrument_id":"U","kind":"asset_sale","quantity":"990009000","repurchase_obligation":"none","sale_price_per_unit":"1","seller_id":"MERIDIAN","title_event_id":"TITLE_SALE"},"trade_ids":[]},{"agreement_id":"FUND_TRS","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":true,"stay_business_days":0,"valuation_basis":"replacement_value_full_remaining_terms"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"FUND_TRS_AUTH","description":"Required parties and authority confirmed","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"satisfied"}],"effective_at":"2027-06-05T12:00:00Z","status":"effective"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"execution":{"authority_evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"executed_at":"2027-06-05T12:00:00Z","signatory_party_ids":["MERIDIAN","P"],"status":"executed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"funding_TRS","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","P"],"principal_terms":"no_principal_exchange","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2047-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"counterparty_id":"P","financing_base_curve_id":"OIS","financing_payer_id":"MERIDIAN","kind":"funding_TRS","last_settled_reference_price":"1","locked_financing_spread":"0.0069303218","notional":"990009000","principal_exchange":"none","quantity":"990009000","reference_instrument_id":"U","replacement_quote":{"file":"fixtures/numerical-inputs.json","pointer":"/replacement_quote"},"reset":{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"next_price_adjustment":"quantity_times_current_less_last_settled_price_discounted_to_next_settlement","post_redemption_price":"0","redemption_in_final_distribution":true,"reference_price_reset":"last_actual_price_settlement","reset_frequency":"quarterly","resets_full_trade_value_to_zero":false,"stub_paid_separately_once":true},"same_quantity_notional_maturity_and_remaining_terms":true,"total_return_receiver_id":"MERIDIAN"},"trade_ids":["FUND_TRS"]},{"agreement_id":"DEP_LOAN","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":false,"stay_business_days":0,"valuation_basis":"secured_loan_acceleration"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"DEP_LOAN_AUTH","description":"Required parties and authority confirmed","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"satisfied"}],"effective_at":"2027-06-05T12:00:00Z","status":"effective"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"execution":{"authority_evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"executed_at":"2027-06-05T12:00:00Z","signatory_party_ids":["MERIDIAN","BORROWER"],"status":"executed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"deployment_loan","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","BORROWER"],"principal_terms":"cash_advance","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2032-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"borrower_id":"BORROWER","coupon_base_curve_id":"OIS","coupon_spread":"0.0455411592","funding_cash_event_id":"CF_DEPLOY","kind":"deployment_loan","lender_id":"MERIDIAN","principal":"990009000","principal_repaid_at_maturity":true,"security_agreement_id":"DEP_SECURITY","year5_reinvestment":"OIS_cash"},"trade_ids":["LOAN"]},{"agreement_id":"DEP_SECURITY","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":false,"stay_business_days":0,"valuation_basis":"principal_and_accrued_interest"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"DEP_SECURITY_AUTH","description":"Actual deployment enforcement status is effective; this does not change the independent funding sale or controlled comparators","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"satisfied"}],"effective_at":"2027-06-05T12:00:00Z","status":"effective"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"execution":{"authority_evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"executed_at":"2027-06-05T12:00:00Z","signatory_party_ids":["BORROWER","MERIDIAN"],"status":"executed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"security","opinion_ids":["OP_BRANCH"],"party_ids":["BORROWER","MERIDIAN"],"principal_terms":"no_cash_advance","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2032-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"asset_id":"DEPSEC","collateral_kind":"issued_security","enforcement_business_days":0,"grantor_id":"BORROWER","kind":"security","perfection_status":"perfected","permitted_by_contract":true,"priority":"first_ranking","reuse_conditions":[],"reuse_right":"prohibited","secured_party_id":"MERIDIAN","withdrawal_right":"prohibited"},"trade_ids":["LOAN"]},{"agreement_id":"MASTER","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":true,"stay_business_days":0,"valuation_basis":"replacement_value_full_remaining_terms"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"MASTER_AUTH","description":"Required parties and authority confirmed","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"satisfied"}],"effective_at":"2027-06-05T12:00:00Z","status":"effective"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"execution":{"authority_evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"executed_at":"2027-06-05T12:00:00Z","signatory_party_ids":["MERIDIAN","P"],"status":"executed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"netting_master","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","P"],"principal_terms":"no_cash_advance","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2047-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"covered_trade_ids":["FUND_TRS"],"cross_product":false,"kind":"netting_master","party_ids":["MERIDIAN","P"],"single_closeout_balance":true,"walkaway_clause":false},"trade_ids":["FUND_TRS"]},{"agreement_id":"LOAN_MASTER","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":true,"stay_business_days":0,"valuation_basis":"replacement_value_full_remaining_terms"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"LOAN_MASTER_AUTH","description":"Required parties and authority confirmed","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"satisfied"}],"effective_at":"2027-06-05T12:00:00Z","status":"effective"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"execution":{"authority_evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"executed_at":"2027-06-05T12:00:00Z","signatory_party_ids":["MERIDIAN","BORROWER"],"status":"executed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"netting_master","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","BORROWER"],"principal_terms":"no_cash_advance","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2047-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"covered_trade_ids":["LOAN"],"cross_product":false,"kind":"netting_master","party_ids":["MERIDIAN","BORROWER"],"single_closeout_balance":true,"walkaway_clause":false},"trade_ids":["LOAN"]},{"agreement_id":"H_MASTER","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":true,"stay_business_days":0,"valuation_basis":"replacement_value_full_remaining_terms"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"H_MASTER_AUTH","description":"Required parties and authority confirmed","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"satisfied"}],"effective_at":"2027-06-05T12:00:00Z","status":"effective"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"execution":{"authority_evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"executed_at":"2027-06-05T12:00:00Z","signatory_party_ids":["MERIDIAN","H"],"status":"executed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"netting_master","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","H"],"principal_terms":"no_cash_advance","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2047-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"covered_trade_ids":["CDS_TRADE"],"cross_product":false,"kind":"netting_master","party_ids":["MERIDIAN","H"],"single_closeout_balance":true,"walkaway_clause":false},"trade_ids":["CDS_TRADE"]},{"agreement_id":"MASTER_P_CONSOLIDATED","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":true,"stay_business_days":0,"valuation_basis":"replacement_value_full_remaining_terms"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"NEW_MASTER_SIGN","description":"All signatures required before effectiveness","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"pending"}],"effective_at":"2027-07-16T12:00:00Z","status":"pending"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-actions"}],"execution":{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-actions"}],"proposed_at":"2027-06-05T12:00:00Z","required_party_ids":["MERIDIAN","P"],"status":"proposed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"netting_master","opinion_ids":["OP_NETTING"],"party_ids":["MERIDIAN","P"],"principal_terms":"no_cash_advance","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2047-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"covered_trade_ids":["FUND_TRS","OFFSET_TRS"],"cross_product":true,"kind":"netting_master","party_ids":["MERIDIAN","P"],"single_closeout_balance":true,"walkaway_clause":false},"trade_ids":["FUND_TRS","OFFSET_TRS"]},{"agreement_id":"NEW_CSA","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":true,"stay_business_days":0,"valuation_basis":"replacement_value_full_remaining_terms"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"NEW_CSA_SIGN","description":"All signatures required before effectiveness","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"pending"}],"effective_at":"2027-06-08T12:00:00Z","status":"pending"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-actions"}],"execution":{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-actions"}],"proposed_at":"2027-06-05T12:00:00Z","required_party_ids":["MERIDIAN","P"],"status":"proposed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"CSA","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","P"],"principal_terms":"no_cash_advance","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2047-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"MPOR_business_days":20,"NICA":"0","VM_currency":"USD","call_cutoff_utc":"10:00:00","daily_full_mark_VM":true,"direction":"two_way","dispute_business_days":0,"initial_margin":"0","kind":"CSA","minimum_transfer_amount":"0","netting_set_id":"FUNDING_P","payment_lag_business_days":1,"remuneration_curve_id":"OIS","reuse_right":"permitted","segregated":false,"threshold_bank":"0","threshold_provider":"0"},"trade_ids":["FUND_TRS"]},{"agreement_id":"H_CSA","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":true,"stay_business_days":0,"valuation_basis":"replacement_value_full_remaining_terms"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"H_CSA_AUTH","description":"Required parties and authority confirmed","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"satisfied"}],"effective_at":"2027-06-05T12:00:00Z","status":"effective"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"execution":{"authority_evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"executed_at":"2027-06-05T12:00:00Z","signatory_party_ids":["MERIDIAN","H"],"status":"executed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"CSA","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","H"],"principal_terms":"no_cash_advance","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2047-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"MPOR_business_days":20,"NICA":"0","VM_currency":"USD","call_cutoff_utc":"10:00:00","daily_full_mark_VM":true,"direction":"two_way","dispute_business_days":0,"initial_margin":"0","kind":"CSA","minimum_transfer_amount":"0","netting_set_id":"HEDGE_H","payment_lag_business_days":1,"remuneration_curve_id":"OIS","reuse_right":"permitted","segregated":false,"threshold_bank":"0","threshold_provider":"0"},"trade_ids":["CDS_TRADE"]},{"agreement_id":"CDS_AGREEMENT","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":true,"stay_business_days":0,"valuation_basis":"replacement_value_full_remaining_terms"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"CDS_AGREEMENT_SIGN","description":"All signatures required before effectiveness","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"pending"}],"effective_at":"2027-06-08T12:00:00Z","status":"pending"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-actions"}],"execution":{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-actions"}],"proposed_at":"2027-06-05T12:00:00Z","required_party_ids":["MERIDIAN","H"],"status":"proposed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"CDS","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","H"],"principal_terms":"no_cash_advance","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2032-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"buyer_id":"MERIDIAN","covered_trade_ids":["FUND_TRS"],"credit_events":["bankruptcy","failure_to_pay","restructuring"],"designation":"CCR_and_CVA","direct_claim":true,"explicit":true,"irrevocable":true,"kind":"CDS","notional":"316802880","payment_grace_business_days":3,"premium":"0.0084151402","reference_obligor_id":"P","restructuring_covered":true,"same_currency":true,"same_ranking":true,"seller_can_cancel":false,"seller_id":"H","settlement":"cash","unconditional":true},"trade_ids":["CDS_TRADE"]},{"agreement_id":"CUSTODY","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":false,"stay_business_days":0,"valuation_basis":"principal_and_accrued_interest"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"CUSTODY_AUTH","description":"Required parties and authority confirmed","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"satisfied"}],"effective_at":"2027-06-05T12:00:00Z","status":"effective"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"execution":{"authority_evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"executed_at":"2027-06-05T12:00:00Z","signatory_party_ids":["MERIDIAN","CLEARVAULT"],"status":"executed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"custody","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","CLEARVAULT"],"principal_terms":"no_cash_advance","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2047-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"account_ids":["CUST_U_OPEN","CUST_U_PROVIDER","CUST_AAA"],"custodian_id":"CLEARVAULT","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-security-rights"}],"kind":"custody","return_obligation":"equivalent_security_units","reuse_right":"prohibited","segregated":true},"trade_ids":[]},{"agreement_id":"AAA_SECURITY","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":false,"stay_business_days":0,"valuation_basis":"principal_and_accrued_interest"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"AAA_SECURITY_SIGN","description":"All signatures required before effectiveness","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"pending"}],"effective_at":"2027-06-08T12:00:00Z","status":"pending"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-actions"}],"execution":{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-actions"}],"proposed_at":"2027-06-05T12:00:00Z","required_party_ids":["BORROWER","MERIDIAN"],"status":"proposed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"security","opinion_ids":["OP_CORE"],"party_ids":["BORROWER","MERIDIAN"],"principal_terms":"no_cash_advance","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2032-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"asset_id":"AAA_SUB","collateral_kind":"issued_security","enforcement_business_days":0,"grantor_id":"BORROWER","kind":"security","perfection_status":"perfected","permitted_by_contract":true,"priority":"first_ranking","reuse_conditions":[],"reuse_right":"prohibited","secured_party_id":"MERIDIAN","withdrawal_right":"prohibited"},"trade_ids":["LOAN"]},{"agreement_id":"ACTUAL_FACILITY","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":false,"stay_business_days":0,"valuation_basis":"principal_and_accrued_interest"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"ACTUAL_FACILITY_AUTH","description":"Required parties and authority confirmed","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"satisfied"}],"effective_at":"2027-06-05T12:00:00Z","status":"effective"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"execution":{"authority_evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"executed_at":"2027-06-05T12:00:00Z","signatory_party_ids":["MERIDIAN","H"],"status":"executed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"liquidity_facility","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","H"],"principal_terms":"conditional_draw","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2047-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"borrower_id":"MERIDIAN","cash_account_id":"CASH_BASE","commitment_fee":"0","draw_conditions":["Only actual settled deficits"],"draw_purpose":"settled_cash_deficit","kind":"liquidity_facility","lender_id":"H","limit":"495004500","spread":"0.0193057236","unconditional_during_market_closure":true},"trade_ids":[]},{"agreement_id":"CONDITIONAL_PREFUND","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":false,"stay_business_days":0,"valuation_basis":"principal_and_accrued_interest"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"CONDITIONAL_PREFUND_AUTH","description":"Required parties and authority confirmed","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"satisfied"}],"effective_at":"2027-06-05T12:00:00Z","status":"effective"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"execution":{"authority_evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"executed_at":"2027-06-05T12:00:00Z","signatory_party_ids":["MERIDIAN","H"],"status":"executed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"liquidity_facility","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","H"],"principal_terms":"conditional_draw","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2047-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"borrower_id":"MERIDIAN","cash_account_id":"CASH_PREFUND","commitment_fee":"0","draw_conditions":["External segregated deposit required"],"draw_purpose":"conditional_external_prefunding","kind":"liquidity_facility","lender_id":"H","limit":"990009000","spread":"0.0064352412","unconditional_during_market_closure":true},"trade_ids":[]},{"agreement_id":"LEGACY_FUNDING","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":false,"stay_business_days":0,"valuation_basis":"principal_and_accrued_interest"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"LEGACY_FUNDING_AUTH","description":"Required parties and authority confirmed","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"satisfied"}],"effective_at":"2027-06-05T12:00:00Z","status":"effective"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-ledgers"}],"execution":{"authority_evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"executed_at":"2027-06-05T12:00:00Z","signatory_party_ids":["MERIDIAN","H"],"status":"executed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"liquidity_facility","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","H"],"principal_terms":"cash_advance","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2047-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"borrower_id":"MERIDIAN","cash_account_id":"CASH_BASE","commitment_fee":"0","draw_conditions":["Opening committed principal already drawn; no additional draw under this legacy obligation"],"draw_purpose":"settled_cash_deficit","kind":"liquidity_facility","lender_id":"H","limit":"990009000","spread":"0","unconditional_during_market_closure":true},"trade_ids":[]},{"agreement_id":"OIS_ACCOUNT","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":false,"stay_business_days":0,"valuation_basis":"principal_and_accrued_interest"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"OIS_ACCOUNT_AUTH","description":"Required parties and authority confirmed","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"satisfied"}],"effective_at":"2027-06-05T12:00:00Z","status":"effective"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-ledgers"}],"execution":{"authority_evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"executed_at":"2027-06-05T12:00:00Z","signatory_party_ids":["MERIDIAN","H"],"status":"executed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"liquidity_facility","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","H"],"principal_terms":"cash_advance","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2047-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"borrower_id":"H","cash_account_id":"CASH_BASE","commitment_fee":"0","draw_conditions":["Demand OIS cash account; no fixed EM reinvestment guarantee"],"draw_purpose":"ois_deposit","kind":"liquidity_facility","lender_id":"MERIDIAN","limit":"990009000","spread":"0","unconditional_during_market_closure":true},"trade_ids":[]},{"agreement_id":"OFFSET_TRS","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":true,"stay_business_days":0,"valuation_basis":"replacement_value_full_remaining_terms"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"OFFSET_TRS_AUTH","description":"Required parties and authority confirmed","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"satisfied"}],"effective_at":"2027-06-05T12:00:00Z","status":"effective"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-quote-board"}],"execution":{"authority_evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"executed_at":"2027-06-05T12:00:00Z","signatory_party_ids":["MERIDIAN","P"],"status":"executed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"funding_TRS","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","P"],"principal_terms":"no_principal_exchange","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2047-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"counterparty_id":"P","financing_base_curve_id":"OIS","financing_payer_id":"P","kind":"funding_TRS","last_settled_reference_price":"1","locked_financing_spread":"0.0069303218","notional":"495004500","principal_exchange":"none","quantity":"495004500","reference_instrument_id":"U","replacement_quote":{"file":"fixtures/numerical-inputs.json","pointer":"/actions/netting/other_trade/quote"},"reset":{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"next_price_adjustment":"quantity_times_current_less_last_settled_price_discounted_to_next_settlement","post_redemption_price":"0","redemption_in_final_distribution":true,"reference_price_reset":"last_actual_price_settlement","reset_frequency":"quarterly","resets_full_trade_value_to_zero":false,"stub_paid_separately_once":true},"same_quantity_notional_maturity_and_remaining_terms":true,"total_return_receiver_id":"P"},"trade_ids":["OFFSET_TRS"]},{"agreement_id":"OFFSET_MASTER","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":true,"stay_business_days":0,"valuation_basis":"replacement_value_full_remaining_terms"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"OFFSET_MASTER_AUTH","description":"Required parties and authority confirmed","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"satisfied"}],"effective_at":"2027-06-05T12:00:00Z","status":"effective"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"execution":{"authority_evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"executed_at":"2027-06-05T12:00:00Z","signatory_party_ids":["MERIDIAN","P"],"status":"executed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"netting_master","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","P"],"principal_terms":"no_cash_advance","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2047-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"covered_trade_ids":["OFFSET_TRS"],"cross_product":false,"kind":"netting_master","party_ids":["MERIDIAN","P"],"single_closeout_balance":true,"walkaway_clause":false},"trade_ids":["OFFSET_TRS"]},{"agreement_id":"BRANCH_FACILITY","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":false,"stay_business_days":0,"valuation_basis":"principal_and_accrued_interest"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"BRANCH_FACILITY_AUTH","description":"Required parties and authority confirmed","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"satisfied"}],"effective_at":"2027-06-05T12:00:00Z","status":"effective"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"execution":{"authority_evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"executed_at":"2027-06-05T12:00:00Z","signatory_party_ids":["MERIDIAN","FACILITY_LENDER"],"status":"executed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"liquidity_facility","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","FACILITY_LENDER"],"principal_terms":"conditional_draw","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2047-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"borrower_id":"MERIDIAN","cash_account_id":"CASH_BRANCH","commitment_fee":"0","draw_conditions":["Only the disclosed operating cash deficit; capacity is available by the selected cutoff, not an advance or asset"],"draw_purpose":"branch_cash_call","kind":"liquidity_facility","lender_id":"FACILITY_LENDER","limit":"257402340","spread":"0.0108903245","unconditional_during_market_closure":true},"trade_ids":[]},{"agreement_id":"DEP_CUSTODY","closeout":{"currency":"USD","dispute_process":"Morrow & Vale documented independent quote process; disputed claims survive maturity until settled","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"setoff":false,"stay_business_days":0,"valuation_basis":"principal_and_accrued_interest"},"effectiveness":{"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"CUSTODY_AUTH","description":"Required parties and authority confirmed","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"satisfied"}],"effective_at":"2027-06-05T12:00:00Z","status":"effective"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"execution":{"authority_evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"executed_at":"2027-06-05T12:00:00Z","signatory_party_ids":["MERIDIAN","CLEARVAULT"],"status":"executed"},"governing_laws":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"kind":"custody","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","CLEARVAULT"],"principal_terms":"no_cash_advance","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":0},"termination":{"early_termination_events":["default","nonpayment","illegality","mutual_consent"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"final_maturity":"2047-06-05","full_settlement_required":true,"unilateral_extension":false},"terms":{"account_ids":["CUST_DEP"],"custodian_id":"CLEARVAULT","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-security-rights"}],"kind":"custody","return_obligation":"identical_security_units","reuse_right":"prohibited","segregated":true},"trade_ids":[]}],"as_of":"2027-06-05T12:00:00Z","bank":{"AVA_annex":{"method":"EU_core_model_risk_Method1","parameter_ref":{"file":"fixtures/numerical-inputs.json","pointer":"/reserve_uncertainty"},"scope":"identified_recognised_FV_positions_only","source":[{"document_id":"AVA_RULES","locator":"applicability"},{"document_id":"AVA_RULES","locator":"method"},{"document_id":"AVA_RULES","locator":"same_source"}]},"accounting_units":[{"agreements":["SALE_U","FUND_TRS"],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-accounting"}],"financing_liability_recognised":true,"framework":"IFRS9","management_ledger_separate":true,"opinion_id":"OP_ACCOUNTING","retained_reference_asset":true,"sale_derecognised":false,"separate_statutory_derivative":false,"transaction_price":"990009000","unit_id":"FAILED_SALE_UNIT"}],"allocation_parameters":{"file":"fixtures/numerical-inputs.json","pointer":"/allocation"},"capital_rulebook":[{"document_id":"CAPITAL_RULES","locator":"source_register"}],"capital_snapshots":["CAPITAL_COMPARE","AVA_CONTROLLED"],"classification":{"CVA_method":"reduced_BA","SA_CVA_approval":false,"accounting_does_not_determine_regulatory_classification":true,"credit_supervisory_delta":"-1","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-classification"},{"document_id":"CAPITAL_RULES","locator":"classification"}],"full_reset_applies":false,"issued_at":"2027-06-04","letter_id":"CLASS_TRS","primary_risk_assessment":"Documented sensitivity assessment selects reference-credit exposure; no full future-value reset; dual class remains a named countercase","primary_risk_class":"credit","ratings_permitted":true,"regulatory_unit":"legal_TRS_SA_CCR_with_separate_retained_asset_bridge","trade_id":"FUND_TRS","written_credit_notional_treatment":"Full legal written-credit notional, explicit LEV30.35 exclusion election only for same notional PFE population"},"day_one_policy":{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-accounting"}],"management_deferral_basis":"frozen_initial_annuity","release_triggers":["priced_time","independent_observability"],"spread_tightening_is_release_trigger":false,"statutory_unit_assessed_first":true},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-classification"},{"document_id":"SYNTHETIC_PACKET","locator":"fictional-accounting"}],"historical_journal":[{"entry_id":"OPENING","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-ledgers"}],"lines":[{"account":"U","amount":"990009000","side":"debit"},{"account":"cash","amount":"123751125","side":"debit"},{"account":"legacy_debt","amount":"990009000","side":"credit"},{"account":"equity","amount":"123751125","side":"credit"}],"posted_at":"2027-06-05T11:59:00Z","purpose":"Observed pretransaction opening statutory balances","snapshot_id":"BASE_CASH"}],"numerical_annex":{"file":"fixtures/numerical-inputs.json","pointer":"/regulatory"},"observability":[{"assessment_at":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-quote-board"}],"input_id":"AAA_MARK","observable":false,"significant":true,"unit_id":"FAILED_SALE_UNIT"}],"party_id":"MERIDIAN","reserve_policy":{"cash_borrowing_source":"settled_cash_deficits_only","conditional_prefunding":{"file":"fixtures/numerical-inputs.json","pointer":"/conditional_reserve_facility"},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-accounting"},{"document_id":"SYNTHETIC_PACKET","locator":"fictional-ledgers"}],"expected_theta_in_PnL_once":true,"remeasurement":"daily","separate_funding_drag_line":true,"terminal_requires_all_obligations_settled":true}},"base_currency":"USD","book":{"TRS_has_no_principal_exchange":true,"bank_id":"MERIDIAN","borrower_id":"BORROWER","cash_funding_policy":"actual_cash_deficit_not_noncash_reserve","deployment_agreement_id":"DEP_LOAN","deployment_maturity_date":"2032-06-05","deployment_start_date":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"funding_agreement_id":"FUND_TRS","funding_maturity_date":"2047-06-05","funding_principal_source":"identified_asset_sale","funding_start_date":"2027-06-05","notional":{"file":"fixtures/numerical-inputs.json","pointer":"/notional"},"provider_id":"P","reference_id":"U","reference_quantity":{"file":"fixtures/numerical-inputs.json","pointer":"/funding_contract/quantity"},"sale_agreement_id":"SALE_U","year5_reinvestment":"OIS_cash"},"collateral":[{"asset":{"instrument_id":"AAA_SUB","kind":"issued_security","liquidity":{"daily_capacity_units":"990009000","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-security-rights"}],"market_haircut":"0.08910333","market_id":"AAA_SUB_MARKET","repo_settlement_business_days":1,"repo_spread":"0.0108903245","sale_fee":"0","sale_settlement_business_days":1},"price_quote_ids":["Q_AAA_SUB"],"quantity":"990009000"},"collateral_id":"COLL_AAA","eligibility_attributes":{"book":"banking","contract_accepted":true,"correlation":{"as_of":"2027-06-05","assessment_basis":"Explicit legal identity, control and conditional-state due diligence; independent funding or closure event is separate","common_control":false,"counterparty_id":"BORROWER","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-collateral-assessments"}],"issuer_id":"ALPINE","material_positive_correlation":false,"same_issuer":false},"enforceable":true,"framework":"comprehensive","issue_rating":{"agency":"Fictional Atlas Ratings","agency_eligible":true,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-instrument-register"}],"grade":"AAA","implicit_support_excluded":true,"scope":"issue","status":"rated"},"issued":true,"issuer_kind":"bank","market_liquid":true,"perfected":true,"ratings_permitted":true,"residual_years":"5","rule_evidence":[{"document_id":"CAPITAL_RULES","locator":"collateral_eligibility"}],"same_currency":true},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-collateral-assessments"}],"purpose":"action_inventory","rights":{"custodian_id":"CLEARVAULT","custody_account_id":"CUST_AAA","custody_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","enforcement_business_days":0,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-security-rights"}],"opinion_ids":["OP_CORE"],"owner_id":"BORROWER","ownership_basis":"pledge","priority":"first_ranking","provider_id":"BORROWER","reuse_conditions":[],"reuse_right":"prohibited","secured_party_id":"MERIDIAN","security_agreement_id":"AAA_SECURITY","segregated":true,"withdrawal_right":"prohibited"},"secured_trade_ids":["LOAN"],"title_event_ids":["TITLE_AAA"]},{"asset":{"instrument_id":"DEPSEC","kind":"issued_security","liquidity":{"daily_capacity_units":"990009000","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-security-rights"}],"market_haircut":"0.08910333","market_id":"CE_MARKET","repo_settlement_business_days":1,"repo_spread":"0.0108903245","sale_fee":"0","sale_settlement_business_days":1},"price_quote_ids":["Q_DEPSEC"],"quantity":"990009000"},"collateral_id":"COLL_DEP","eligibility_attributes":{"book":"banking","contract_accepted":true,"correlation":{"as_of":"2027-06-05","assessment_basis":"Explicit legal identity, control and conditional-state due diligence; independent funding or closure event is separate","common_control":false,"counterparty_id":"BORROWER","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-collateral-assessments"}],"issuer_id":"CELADON","material_positive_correlation":false,"same_issuer":false},"enforceable":true,"framework":"comprehensive","issue_rating":{"agency":"Fictional Atlas Ratings","agency_eligible":true,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-instrument-register"}],"grade":"BB","implicit_support_excluded":true,"scope":"issue","status":"rated"},"issued":true,"issuer_kind":"corporate","market_liquid":true,"perfected":true,"ratings_permitted":true,"residual_years":"5","rule_evidence":[{"document_id":"CAPITAL_RULES","locator":"collateral_eligibility"}],"same_currency":true},"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-collateral-assessments"}],"purpose":"deployment_security","rights":{"custodian_id":"CLEARVAULT","custody_account_id":"CUST_DEP","custody_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","enforcement_business_days":0,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-security-rights"}],"opinion_ids":["OP_BRANCH"],"owner_id":"BORROWER","ownership_basis":"pledge","priority":"first_ranking","provider_id":"BORROWER","reuse_conditions":[],"reuse_right":"prohibited","secured_party_id":"MERIDIAN","security_agreement_id":"DEP_SECURITY","segregated":true,"withdrawal_right":"prohibited"},"secured_trade_ids":["LOAN"],"title_event_ids":["TITLE_DEP"]}],"counterparty_constraints":[{"allowed_legal_forms":["issued_security_pledge"],"borrowing_ceiling":"990009000","classification_by_form":{"issued_security_pledge":"secured_borrowing"},"currency":"USD","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-counterparty-constraints"}],"funding_deadline":"2027-06-05","maximum_spread":"0.079202016","party_id":"BORROWER","prohibited_legal_forms":["contingent_issuance_promise","payment_rights_assignment","title_transfer_repo"],"required_approval_ids":[],"required_cash":"990009000","required_return":"identical","situation":"Brackenford Trade Bank [FUND_01 series 1] receives the separately identified five-year deployment loan for its own liquidity need. Its granted security supports that loan only; it is not a second cash advance or a claim that the funding TRS has principal exchange. This is the BOOK mandate, not the separately sized S2 reserve-authority comparison. Joint funding and credit widening coincides with an actual contractual reference-loss payment; its own funding cost has risen and the emerging-market deployment credit has deteriorated, so it is under liquidity stress with a realised market loss, not in default.","situation_kind":"liquidity_stress"},{"allowed_legal_forms":["sale_funded_total_return_swap"],"borrowing_ceiling":null,"classification_by_form":{"sale_funded_total_return_swap":"funded_asset_purchase_and_return_contract"},"currency":"USD","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-counterparty-constraints"}],"funding_deadline":"2027-09-05","maximum_spread":null,"party_id":"P","prohibited_legal_forms":["payment_rights_assignment","contingent_issuance_promise"],"required_approval_ids":["DESK_CSA","DESK_OFFSET"],"required_cash":"0","required_return":"none","situation":"Alderwick Funding Trust [FUND_01 series 1] purchases U under SALE_U and owes the full total return under FUND_TRS while receiving the financing leg. It supplies the identified sale price once, requires enforceable bilateral close-out, and is not a deployment borrower. These labels do not extinguish its twenty-year surviving return claim. Its own CDS has widened from eighty to one hundred sixty basis points in the joint event and it is under ratings pressure. It requires the funding-CSA cash budget and the offset credit limit to be approved before either route is treated as executed; it does not require netting consolidation in this branch.","situation_kind":"ratings_pressure"},{"allowed_legal_forms":["gold_pledge","gold_equivalent_title","issued_security_pledge","title_transfer_repo"],"borrowing_ceiling":"495004500","classification_by_form":{"fiscal_advance":"fiscal_lending_requires_separate_authority","gold_equivalent_title":"secured_financing_with_title_transfer","gold_identical_title":"bespoke_title_financing_pending_proprietary_opinion","gold_pledge":"secured_borrowing","issued_security_pledge":"secured_borrowing","title_transfer_repo":"secured_financing_with_title_transfer"},"currency":"USD","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-counterparty-constraints"}],"funding_deadline":"2029-09-17","maximum_spread":null,"party_id":"S2_LRA","prohibited_legal_forms":["fiscal_advance"],"required_approval_ids":["S2_IDENTICAL_TITLE"],"required_cash":"495004500","required_return":"equivalent","situation":"Separate S2 controlled comparison only: FUND_01 s2_lra series 1 owns allocated bullion and the existing Treasury issue; it is not Fictional Commonwealth of Orivale / series 1 / Lydora fictional-law division Republic, not its Treasury, and not the BOOK borrower. The borrowing ceiling counts the secured cash advance and unsecured top-up together. Fiscal lending to Treasury needs an additional resolution that is absent. The bespoke identical-title route lacks a completed proprietary-return opinion. None of these S2 balances is added to BOOK cash.","situation_kind":"fiscal_ceiling"}],"instruments":[{"case_quantity":"990009000","coupon_ois_linked":true,"coupon_spread":"0.009900578","currency":"USD","embedded_options":"none","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-instrument-register"}],"face_per_unit":"1","governing_law":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","initial_legal_owner":"MERIDIAN","instrument_id":"U","isin":"XS1760042371","issue_date":"2026-06-05","issued_quantity":"1980018000","issuer_kind":"bank","issuer_party_id":"APEX","maturity_date":"2047-06-05","payment_jurisdictions":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"price_convention":"currency_per_unit_ex_distribution","price_curve_id":"U_CREDIT","ranking":"senior_unsecured","rating":{"agency":"Fictional Atlas Ratings","agency_eligible":true,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-instrument-register"}],"grade":"AAA","implicit_support_excluded":true,"scope":"issue","status":"rated"},"redemption_per_unit":"1","security_type":"floating_rate_note","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":1},"status":"issued"},{"case_quantity":"990009000","coupon_ois_linked":true,"coupon_spread":"0.009900578","currency":"USD","embedded_options":"none","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-instrument-register"}],"face_per_unit":"1","governing_law":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","initial_legal_owner":"BORROWER","instrument_id":"AAA_SUB","isin":"XS9726666886","issue_date":"2026-06-05","issued_quantity":"1980018000","issuer_kind":"bank","issuer_party_id":"ALPINE","maturity_date":"2032-06-05","payment_jurisdictions":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"price_convention":"currency_per_unit_ex_distribution","price_curve_id":"AAA_COLLATERAL","ranking":"senior_unsecured","rating":{"agency":"Fictional Atlas Ratings","agency_eligible":true,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-instrument-register"}],"grade":"AAA","implicit_support_excluded":true,"scope":"issue","status":"rated"},"redemption_per_unit":"1","security_type":"floating_rate_note","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":1},"status":"issued"},{"case_quantity":"990009000","coupon_ois_linked":true,"coupon_spread":"0.0455411592","currency":"USD","embedded_options":"none","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-instrument-register"}],"face_per_unit":"1","governing_law":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","initial_legal_owner":"BORROWER","instrument_id":"DEPSEC","isin":"XS3011458760","issue_date":"2026-06-05","issued_quantity":"1980018000","issuer_kind":"corporate","issuer_party_id":"CELADON","maturity_date":"2032-06-05","payment_jurisdictions":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"],"price_convention":"currency_per_unit_ex_distribution","price_curve_id":"EM_CREDIT","ranking":"senior_unsecured","rating":{"agency":"Fictional Atlas Ratings","agency_eligible":true,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-instrument-register"}],"grade":"BB","implicit_support_excluded":true,"scope":"issue","status":"rated"},"redemption_per_unit":"1","security_type":"floating_rate_note","settlement":{"calendar_id":"CAL","currency":"USD","cutoff_utc":"12:00:00","delivery_versus_payment":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"lag_business_days":1},"status":"issued"}],"mandate":{"bank_id":"MERIDIAN","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"mandate_id":"BOOK_DESK_MANDATE","rules":[{"action_kind":"hold_capital","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["CAPITAL_RETAINED"],"rule_id":"DESK_HOLD","subject_id":"MERIDIAN","tier":"permitted"},{"action_kind":"execute_csa","approval_delay_days":1,"approval_outcome":"approved","approval_valid_days":5,"approver_id":"MERIDIAN","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":"742506750","reason_codes":["CSA_CASH_BUDGET","LIQUIDITY_STRESS_BUDGET"],"rule_id":"DESK_CSA","subject_id":"FUND_TRS","tier":"requires_approval"},{"action_kind":"substitute_collateral","approval_delay_days":1,"approval_outcome":"approved","approval_valid_days":5,"approver_id":"MERIDIAN","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":"990009000","reason_codes":["COLLATERAL_OWNER_CONSENT"],"rule_id":"DESK_SUBSTITUTION","subject_id":"DEP_SECURITY","tier":"requires_approval"},{"action_kind":"reverse_substitution","approval_delay_days":2,"approval_outcome":"approved","approval_valid_days":5,"approver_id":"MERIDIAN","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":"990009000","reason_codes":["RETURN_TITLE_REVIEW"],"rule_id":"DESK_REVERSE","subject_id":"DEP_SECURITY","tier":"requires_approval"},{"action_kind":"execute_offset","approval_delay_days":1,"approval_outcome":"approved","approval_valid_days":5,"approver_id":"MERIDIAN","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":"495004500","reason_codes":["OFFSET_CREDIT_LIMIT"],"rule_id":"DESK_OFFSET","subject_id":"OFFSET_TRS","tier":"requires_approval"},{"action_kind":"consolidate_netting","approval_delay_days":1,"approval_outcome":"approved","approval_valid_days":5,"approver_id":"MERIDIAN","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["MASTER_OPINION_REVIEW"],"rule_id":"DESK_NETTING","subject_id":"MASTER_P_CONSOLIDATED","tier":"requires_approval"},{"action_kind":"buy_protection","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":"316802880","reason_codes":["NAMED_PROTECTION_QUOTE"],"rule_id":"DESK_PROTECTION","subject_id":"H","tier":"permitted"},{"action_kind":"designate_protection","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":"316802880","reason_codes":["MATCHED_REFERENCE_DESIGNATION"],"rule_id":"DESK_DESIGNATION","subject_id":"H","tier":"permitted"},{"action_kind":"repo_allocate","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["OWN_INVENTORY_ONLY"],"rule_id":"DESK_REPO","subject_id":"MERIDIAN","tier":"permitted"},{"action_kind":"repay_repo","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["DISCHARGE_REPO_DEBT"],"rule_id":"DESK_REPO_REPAY","subject_id":"MERIDIAN","tier":"permitted"},{"action_kind":"sell_lot","approval_delay_days":2,"approval_outcome":"approved","approval_valid_days":5,"approver_id":"MERIDIAN","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["BORROWER_DISPOSAL_CONSENT"],"rule_id":"DESK_SELL_COLLATERAL","subject_id":"DEP_SECURITY","tier":"requires_approval"},{"action_kind":"sell_lot","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["OWN_INVENTORY_DISPOSAL"],"rule_id":"DESK_SELL_INVENTORY","subject_id":"MERIDIAN","tier":"permitted"},{"action_kind":"buy_equivalent","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["DOCUMENTED_EQUIVALENT_RETURN"],"rule_id":"DESK_EQUIVALENT","subject_id":"DEP_SECURITY","tier":"permitted"},{"action_kind":"return_collateral","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["DISCHARGE_COLLATERAL_RETURN"],"rule_id":"DESK_RETURN","subject_id":"DEP_SECURITY","tier":"permitted"},{"action_kind":"return_collateral","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["DISCHARGE_REPO_RETURN"],"rule_id":"DESK_RETURN_REPO","subject_id":"MERIDIAN","tier":"permitted"},{"action_kind":"draw_facility","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":"257402340","reason_codes":["EXECUTED_FACILITY_LIMIT"],"rule_id":"DESK_DRAW","subject_id":"FACILITY_LENDER","tier":"permitted"},{"action_kind":"repay_facility","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["DISCHARGE_FACILITY_DEBT"],"rule_id":"DESK_REPAY","subject_id":"FACILITY_LENDER","tier":"permitted"},{"action_kind":"meet_margin_call","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["CURRENT_MARGIN_OBLIGATION"],"rule_id":"DESK_MARGIN_DEP","subject_id":"DEP_SECURITY","tier":"permitted"},{"action_kind":"meet_margin_call","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["CURRENT_MARGIN_OBLIGATION"],"rule_id":"DESK_MARGIN_FUND","subject_id":"FUND_TRS","tier":"permitted"},{"action_kind":"meet_margin_call","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["CURRENT_MARGIN_OBLIGATION"],"rule_id":"DESK_MARGIN_HEDGE","subject_id":"H","tier":"permitted"},{"action_kind":"settle_payable","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["CURRENT_FUNDING_OBLIGATION"],"rule_id":"DESK_PAY_FUND","subject_id":"FUND_TRS","tier":"permitted"},{"action_kind":"settle_payable","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["CURRENT_DEPLOYMENT_OBLIGATION"],"rule_id":"DESK_PAY_DEP","subject_id":"DEP_LOAN","tier":"permitted"},{"action_kind":"settle_payable","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["CURRENT_RETURN_OBLIGATION"],"rule_id":"DESK_PAY_RETURN","subject_id":"DEP_SECURITY","tier":"permitted"},{"action_kind":"settle_payable","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["CURRENT_PROTECTION_OBLIGATION"],"rule_id":"DESK_PAY_HEDGE","subject_id":"H","tier":"permitted"},{"action_kind":"settle_payable","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["CURRENT_FACILITY_OBLIGATION"],"rule_id":"DESK_PAY_FACILITY","subject_id":"FACILITY_LENDER","tier":"permitted"},{"action_kind":"settle_payable","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["CURRENT_OWN_BORROWING_OBLIGATION"],"rule_id":"DESK_PAY_BANK","subject_id":"MERIDIAN","tier":"permitted"},{"action_kind":"settle_payable","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["CURRENT_OFFSET_OBLIGATION"],"rule_id":"DESK_PAY_OFFSET","subject_id":"OFFSET_TRS","tier":"permitted"},{"action_kind":"settle_claim","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["ADMITTED_PROVIDER_CLAIM"],"rule_id":"DESK_CLAIM_PROVIDER","subject_id":"P","tier":"permitted"},{"action_kind":"settle_claim","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["ADMITTED_BORROWER_CLAIM"],"rule_id":"DESK_CLAIM_BORROWER","subject_id":"BORROWER","tier":"permitted"},{"action_kind":"settle_claim","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["ADMITTED_PROTECTION_CLAIM"],"rule_id":"DESK_CLAIM_HEDGE","subject_id":"H","tier":"permitted"},{"action_kind":"liquidate_collateral","approval_delay_days":1,"approval_outcome":"approved","approval_valid_days":5,"approver_id":"MERIDIAN","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["ENFORCEMENT_AND_SURPLUS_REVIEW"],"rule_id":"DESK_LIQUIDATION","subject_id":"DEP_SECURITY","tier":"requires_approval"},{"action_kind":"reinvest","approval_delay_days":2,"approval_outcome":"approved","approval_valid_days":5,"approver_id":"MERIDIAN","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":"495004500","reason_codes":["MATURED_PRINCIPAL_TREASURY_REVIEW","LIQUIDITY_STRESS_REVIEW"],"rule_id":"DESK_REINVEST","subject_id":"DEP_LOAN","tier":"requires_approval"},{"action_kind":"fiscal_advance","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":"0","reason_codes":["SEPARATE_FISCAL_AUTHORITY_ABSENT"],"rule_id":"S2_FISCAL","subject_id":"S2_LRA","tier":"prohibited"},{"action_kind":"identical_title_financing","approval_delay_days":3,"approval_outcome":"pending","approval_valid_days":5,"approver_id":"MERIDIAN","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":"495004500","reason_codes":["PROPRIETARY_RETURN_OPINION_MISSING"],"rule_id":"S2_IDENTICAL_TITLE","subject_id":"S2_LRA","tier":"requires_approval"},{"action_kind":"execute_CSA","approval_delay_days":1,"approval_outcome":"approved","approval_valid_days":5,"approver_id":"MERIDIAN","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":"742506750","reason_codes":["CSA_CASH_BUDGET","LIQUIDITY_STRESS_BUDGET"],"rule_id":"PROPOSAL_ACT_CSA","subject_id":"ACT_CSA","tier":"requires_approval"},{"action_kind":"substitute_collateral","approval_delay_days":1,"approval_outcome":"approved","approval_valid_days":5,"approver_id":"MERIDIAN","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":"990009000","reason_codes":["COLLATERAL_OWNER_CONSENT"],"rule_id":"PROPOSAL_ACT_SUB","subject_id":"ACT_SUB","tier":"requires_approval"},{"action_kind":"consolidate_netting","approval_delay_days":1,"approval_outcome":"approved","approval_valid_days":5,"approver_id":"MERIDIAN","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["MASTER_OPINION_REVIEW"],"rule_id":"PROPOSAL_ACT_NET","subject_id":"ACT_NET","tier":"requires_approval"},{"action_kind":"buy_CDS","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":"316802880","reason_codes":["NAMED_PROTECTION_QUOTE"],"rule_id":"PROPOSAL_ACT_CDS","subject_id":"ACT_CDS","tier":"permitted"},{"action_kind":"hold_capital","approval_delay_days":0,"approval_outcome":null,"approval_valid_days":0,"approver_id":null,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":null,"reason_codes":["CAPITAL_RETAINED"],"rule_id":"PROPOSAL_ACT_HOLD","subject_id":"ACT_HOLD","tier":"permitted"},{"action_kind":"release_substitution","approval_delay_days":2,"approval_outcome":"approved","approval_valid_days":5,"approver_id":"MERIDIAN","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-desk-mandate"}],"maximum_amount":"990009000","reason_codes":["RETURN_TITLE_REVIEW"],"rule_id":"PROPOSAL_ACT_RELEASE","subject_id":"ACT_RELEASE","tier":"requires_approval"}]},"netting_sets":[{"CSA_agreement_ids":["NEW_CSA"],"CSA_status":"none","enforceable":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"master_agreement_id":"MASTER","netting_set_id":"FUNDING_P","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","P"],"trade_ids":["FUND_TRS"]},{"CSA_agreement_ids":[],"CSA_status":"none","enforceable":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"master_agreement_id":"LOAN_MASTER","netting_set_id":"NS_LOAN","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","BORROWER"],"trade_ids":["LOAN"]},{"CSA_agreement_ids":["H_CSA"],"CSA_status":"executed","enforceable":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"master_agreement_id":"H_MASTER","netting_set_id":"HEDGE_H","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","H"],"trade_ids":["CDS_TRADE"]},{"CSA_agreement_ids":[],"CSA_status":"none","enforceable":true,"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-executed-agreements"}],"master_agreement_id":"OFFSET_MASTER","netting_set_id":"OFFSET_P","opinion_ids":["OP_CORE"],"party_ids":["MERIDIAN","P"],"trade_ids":["OFFSET_TRS"]}],"opinions":[{"agreement_ids":["SALE_U","FUND_TRS","DEP_LOAN","MASTER","LOAN_MASTER","H_MASTER","NEW_CSA","H_CSA","CDS_AGREEMENT","CUSTODY","AAA_SECURITY","ACTUAL_FACILITY","CONDITIONAL_PREFUND","LEGACY_FUNDING","OIS_ACCOUNT","OFFSET_TRS","OFFSET_MASTER","BRANCH_FACILITY","DEP_CUSTODY"],"assumptions":["No unreported law change; identified counterparties and documents only"],"author":"FUND_01 fictional counsel series 1","conclusions":{"capacity":true,"closeout_netting":true,"enforceability":true,"execution_authority":true,"immunity_waiver":true,"security_perfection":true,"transfer_rights":true},"conditions":[],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"},{"document_id":"SYNTHETIC_PACKET","locator":"fictional-security-rights"}],"issued_at":"2027-06-04","jurisdictions_covered":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","Fictional Commonwealth of Orivale / series 1 / Northhaven fictional-law division","Fictional Commonwealth of Orivale / series 1 / Lydora fictional-law division","Fictional Commonwealth of Orivale / series 1 / Anatara fictional-law division","Fictional Commonwealth of Orivale / series 1 / Caldera fictional-law division"],"law_change_review":"no_change_known","law_types":["contract","insolvency","resolution","security","capacity","accounting","transfer_controls"],"opinion_id":"OP_CORE","party_ids":["MERIDIAN","P","APEX","H","CLEARVAULT","BORROWER","CELADON","ALPINE","CORRESPONDENT","OBLIGOR_A","OBLIGOR_B","AUTHORITY","FACILITY_LENDER"],"qualifications":[],"reviewed_at":"2027-06-05","status":"final_unqualified","valid_until":"2048-06-04"},{"agreement_ids":["DEP_SECURITY"],"assumptions":["No unreported law change; identified counterparties and documents only"],"author":"FUND_01 fictional counsel series 1","conclusions":{"capacity":true,"closeout_netting":true,"enforceability":true,"execution_authority":true,"immunity_waiver":true,"security_perfection":true,"transfer_rights":true},"conditions":[],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"},{"document_id":"SYNTHETIC_PACKET","locator":"fictional-security-rights"}],"issued_at":"2027-06-04","jurisdictions_covered":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","Fictional Commonwealth of Orivale / series 1 / Northhaven fictional-law division","Fictional Commonwealth of Orivale / series 1 / Lydora fictional-law division","Fictional Commonwealth of Orivale / series 1 / Anatara fictional-law division","Fictional Commonwealth of Orivale / series 1 / Caldera fictional-law division"],"law_change_review":"no_change_known","law_types":["contract","insolvency","resolution","security","capacity","accounting","transfer_controls"],"opinion_id":"OP_BRANCH","party_ids":["MERIDIAN","P","APEX","H","CLEARVAULT","BORROWER","CELADON","ALPINE","CORRESPONDENT","OBLIGOR_A","OBLIGOR_B","AUTHORITY","FACILITY_LENDER"],"qualifications":[],"reviewed_at":"2027-06-05","status":"final_unqualified","valid_until":"2048-06-04"},{"agreement_ids":["MASTER_P_CONSOLIDATED"],"assumptions":["No unreported law change; identified counterparties and documents only"],"author":"FUND_01 fictional counsel series 1","conclusions":{"capacity":true,"closeout_netting":false,"enforceability":true,"execution_authority":true,"immunity_waiver":true,"security_perfection":true,"transfer_rights":true},"conditions":[{"assessed_at":"2027-06-05T12:00:00Z","condition_id":"OP_NETTING_GATE","description":"Local opinion and novation signatures outstanding","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"}],"status":"pending"}],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"},{"document_id":"SYNTHETIC_PACKET","locator":"fictional-security-rights"}],"issued_at":"2027-06-04","jurisdictions_covered":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","Fictional Commonwealth of Orivale / series 1 / Northhaven fictional-law division","Fictional Commonwealth of Orivale / series 1 / Lydora fictional-law division","Fictional Commonwealth of Orivale / series 1 / Anatara fictional-law division","Fictional Commonwealth of Orivale / series 1 / Caldera fictional-law division"],"law_change_review":"no_change_known","law_types":["contract","insolvency","resolution","security","capacity","accounting","transfer_controls"],"opinion_id":"OP_NETTING","party_ids":["MERIDIAN","P","APEX","H","CLEARVAULT","BORROWER","CELADON","ALPINE","CORRESPONDENT","OBLIGOR_A","OBLIGOR_B","AUTHORITY","FACILITY_LENDER"],"qualifications":["Outstanding local opinion and executed novation before additional netting relief"],"reviewed_at":"2027-06-05","status":"final_qualified","valid_until":"2048-06-04"},{"agreement_ids":["SALE_U","FUND_TRS"],"assumptions":["No unreported law change; identified counterparties and documents only"],"author":"FUND_01 fictional counsel series 1","conclusions":{"capacity":true,"closeout_netting":true,"enforceability":true,"execution_authority":true,"immunity_waiver":true,"security_perfection":true,"transfer_rights":true},"conditions":[],"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-opinions"},{"document_id":"SYNTHETIC_PACKET","locator":"fictional-accounting"}],"issued_at":"2027-06-04","jurisdictions_covered":["Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","Fictional Commonwealth of Orivale / series 1 / Northhaven fictional-law division","Fictional Commonwealth of Orivale / series 1 / Lydora fictional-law division","Fictional Commonwealth of Orivale / series 1 / Anatara fictional-law division","Fictional Commonwealth of Orivale / series 1 / Caldera fictional-law division"],"law_change_review":"no_change_known","law_types":["contract","insolvency","resolution","security","capacity","accounting","transfer_controls"],"opinion_id":"OP_ACCOUNTING","party_ids":["MERIDIAN","P","APEX","H","CLEARVAULT","BORROWER","CELADON","ALPINE","CORRESPONDENT","OBLIGOR_A","OBLIGOR_B","AUTHORITY","FACILITY_LENDER"],"qualifications":[],"reviewed_at":"2027-06-05","status":"final_unqualified","valid_until":"2048-06-04"}],"parties":[{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-institutional-parties"}],"incorporation_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","insolvency_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","kind":"corporate","legal_name":"Ternwell Liquidity Bank [FUND_01 series 1]","ownership_group":"FACILITY_LENDER","party_id":"FACILITY_LENDER","rating":{"agency":"Fictional Atlas Ratings","agency_eligible":false,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-institutional-parties"}],"grade":"unrated","implicit_support_excluded":true,"scope":"issuer","status":"unrated"},"regulated_bank":false,"resolution_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"},{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-institutional-parties"}],"incorporation_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Lydora fictional-law division","insolvency_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Lydora fictional-law division","kind":"public_authority","legal_name":"FUND_01 s2_lra series 1","ownership_group":"S2_LRA","party_id":"S2_LRA","rating":{"agency":"Fictional Atlas Ratings","agency_eligible":false,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-institutional-parties"}],"grade":"unrated","implicit_support_excluded":true,"scope":"issuer","status":"unrated"},"regulated_bank":false,"resolution_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Lydora fictional-law division"},{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"incorporation_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","insolvency_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","kind":"bank","legal_name":"FUND_01 reporting bank series 1","ownership_group":"MERIDIAN","party_id":"MERIDIAN","rating":{"agency":"Fictional Atlas Ratings","agency_eligible":true,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"grade":"A","implicit_support_excluded":true,"scope":"issuer","status":"rated"},"regulated_bank":true,"resolution_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"},{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"incorporation_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Northhaven fictional-law division","insolvency_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Northhaven fictional-law division","kind":"bank","legal_name":"Alderwick Funding Trust [FUND_01 series 1]","ownership_group":"P","party_id":"P","rating":{"agency":"Fictional Atlas Ratings","agency_eligible":true,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"grade":"A","implicit_support_excluded":true,"scope":"issuer","status":"rated"},"regulated_bank":true,"resolution_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Northhaven fictional-law division"},{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"incorporation_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Northhaven fictional-law division","insolvency_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Northhaven fictional-law division","kind":"bank","legal_name":"Kestrelmere Funding Company [FUND_01 series 1]","ownership_group":"APEX","party_id":"APEX","rating":{"agency":"Fictional Atlas Ratings","agency_eligible":true,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"grade":"AAA","implicit_support_excluded":true,"scope":"issuer","status":"rated"},"regulated_bank":true,"resolution_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Northhaven fictional-law division"},{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"incorporation_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","insolvency_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","kind":"bank","legal_name":"Morrowfen Credit Assurance [FUND_01 series 1]","ownership_group":"H","party_id":"H","rating":{"agency":"Fictional Atlas Ratings","agency_eligible":true,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"grade":"AA","implicit_support_excluded":true,"scope":"issuer","status":"rated"},"regulated_bank":true,"resolution_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"},{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"incorporation_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","insolvency_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","kind":"custodian","legal_name":"FUND_01 custody trustee series 1","ownership_group":"CLEARVAULT","party_id":"CLEARVAULT","rating":{"agency":"Fictional Atlas Ratings","agency_eligible":false,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"grade":"unrated","implicit_support_excluded":true,"scope":"issuer","status":"unrated"},"regulated_bank":false,"resolution_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"},{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"incorporation_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Caldera fictional-law division","insolvency_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Caldera fictional-law division","kind":"bank","legal_name":"Brackenford Trade Bank [FUND_01 series 1]","ownership_group":"BORROWER","party_id":"BORROWER","rating":{"agency":"Fictional Atlas Ratings","agency_eligible":true,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"grade":"BB","implicit_support_excluded":true,"scope":"issuer","status":"rated"},"regulated_bank":true,"resolution_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Caldera fictional-law division"},{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"incorporation_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Caldera fictional-law division","insolvency_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Caldera fictional-law division","kind":"corporate","legal_name":"FUND_01 independent deployment issuer series 1","ownership_group":"CELADON","party_id":"CELADON","rating":{"agency":"Fictional Atlas Ratings","agency_eligible":true,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"grade":"BB","implicit_support_excluded":true,"scope":"issuer","status":"rated"},"regulated_bank":false,"resolution_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Caldera fictional-law division"},{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"incorporation_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","insolvency_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","kind":"bank","legal_name":"FUND_01 independent substitution issuer series 1","ownership_group":"ALPINE","party_id":"ALPINE","rating":{"agency":"Fictional Atlas Ratings","agency_eligible":true,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"grade":"AAA","implicit_support_excluded":true,"scope":"issuer","status":"rated"},"regulated_bank":true,"resolution_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"},{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"incorporation_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Anatara fictional-law division","insolvency_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Anatara fictional-law division","kind":"bank","legal_name":"FUND_01 correspondent series 1","ownership_group":"CORRESPONDENT","party_id":"CORRESPONDENT","rating":{"agency":"Fictional Atlas Ratings","agency_eligible":true,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"grade":"BBB","implicit_support_excluded":true,"scope":"issuer","status":"rated"},"regulated_bank":true,"resolution_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Anatara fictional-law division"},{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"incorporation_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","insolvency_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division","kind":"corporate","legal_name":"FUND_01 obligor_a series 1","ownership_group":"OBLIGOR_A","party_id":"OBLIGOR_A","rating":{"agency":"Fictional Atlas Ratings","agency_eligible":false,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"grade":"unrated","implicit_support_excluded":true,"scope":"issuer","status":"unrated"},"regulated_bank":false,"resolution_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Meridia fictional-law division"},{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"incorporation_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Northhaven fictional-law division","insolvency_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Northhaven fictional-law division","kind":"corporate","legal_name":"FUND_01 obligor_b series 1","ownership_group":"OBLIGOR_B","party_id":"OBLIGOR_B","rating":{"agency":"Fictional Atlas Ratings","agency_eligible":false,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"grade":"unrated","implicit_support_excluded":true,"scope":"issuer","status":"unrated"},"regulated_bank":false,"resolution_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Northhaven fictional-law division"},{"evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"incorporation_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Anatara fictional-law division","insolvency_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Anatara fictional-law division","kind":"public_authority","legal_name":"FUND_01 authority series 1","ownership_group":"AUTHORITY","party_id":"AUTHORITY","rating":{"agency":"Fictional Atlas Ratings","agency_eligible":false,"as_of":"2027-06-05","evidence":[{"document_id":"SYNTHETIC_PACKET","locator":"fictional-parties"}],"grade":"unrated","implicit_support_excluded":true,"scope":"issuer","status":"unrated"},"regulated_bank":false,"resolution_jurisdiction":"Fictional Commonwealth of Orivale / series 1 / Anatara fictional-law division"}]},"family":{"axes":{"collateral_relation":"independent","enforceability":"effective","legal_form":"issued_security_pledge","return_obligation":"identical","reuse_permitted":false},"clock":{"accrual_convention":"quarter_fraction_times_elapsed_calendar_days_over_period_calendar_days","day_zero":0,"deployment_maturity_date":"2032-06-05","funding_maturity_date":"2047-06-05","funding_start_date":"2027-06-05","quarter_schedule":[{"end_date":"2027-09-05","period":1,"start_date":"2027-06-05","year_fraction":"0.25"},{"end_date":"2027-12-05","period":2,"start_date":"2027-09-05","year_fraction":"0.25"},{"end_date":"2028-03-05","period":3,"start_date":"2027-12-05","year_fraction":"0.25"},{"end_date":"2028-06-05","period":4,"start_date":"2028-03-05","year_fraction":"0.25"},{"end_date":"2028-09-05","period":5,"start_date":"2028-06-05","year_fraction":"0.25"},{"end_date":"2028-12-05","period":6,"start_date":"2028-09-05","year_fraction":"0.25"},{"end_date":"2029-03-05","period":7,"start_date":"2028-12-05","year_fraction":"0.25"},{"end_date":"2029-06-05","period":8,"start_date":"2029-03-05","year_fraction":"0.25"},{"end_date":"2029-09-05","period":9,"start_date":"2029-06-05","year_fraction":"0.25"},{"end_date":"2029-12-05","period":10,"start_date":"2029-09-05","year_fraction":"0.25"},{"end_date":"2030-03-05","period":11,"start_date":"2029-12-05","year_fraction":"0.25"},{"end_date":"2030-06-05","period":12,"start_date":"2030-03-05","year_fraction":"0.25"},{"end_date":"2030-09-05","period":13,"start_date":"2030-06-05","year_fraction":"0.25"},{"end_date":"2030-12-05","period":14,"start_date":"2030-09-05","year_fraction":"0.25"},{"end_date":"2031-03-05","period":15,"start_date":"2030-12-05","year_fraction":"0.25"},{"end_date":"2031-06-05","period":16,"start_date":"2031-03-05","year_fraction":"0.25"},{"end_date":"2031-09-05","period":17,"start_date":"2031-06-05","year_fraction":"0.25"},{"end_date":"2031-12-05","period":18,"start_date":"2031-09-05","year_fraction":"0.25"},{"end_date":"2032-03-05","period":19,"start_date":"2031-12-05","year_fraction":"0.25"},{"end_date":"2032-06-05","period":20,"start_date":"2032-03-05","year_fraction":"0.25"},{"end_date":"2032-09-05","period":21,"start_date":"2032-06-05","year_fraction":"0.25"},{"end_date":"2032-12-05","period":22,"start_date":"2032-09-05","year_fraction":"0.25"},{"end_date":"2033-03-05","period":23,"start_date":"2032-12-05","year_fraction":"0.25"},{"end_date":"2033-06-05","period":24,"start_date":"2033-03-05","year_fraction":"0.25"},{"end_date":"2033-09-05","period":25,"start_date":"2033-06-05","year_fraction":"0.25"},{"end_date":"2033-12-05","period":26,"start_date":"2033-09-05","year_fraction":"0.25"},{"end_date":"2034-03-05","period":27,"start_date":"2033-12-05","year_fraction":"0.25"},{"end_date":"2034-06-05","period":28,"start_date":"2034-03-05","year_fraction":"0.25"},{"end_date":"2034-09-05","period":29,"start_date":"2034-06-05","year_fraction":"0.25"},{"end_date":"2034-12-05","period":30,"start_date":"2034-09-05","year_fraction":"0.25"},{"end_date":"2035-03-05","period":31,"start_date":"2034-12-05","year_fraction":"0.25"},{"end_date":"2035-06-05","period":32,"start_date":"2035-03-05","year_fraction":"0.25"},{"end_date":"2035-09-05","period":33,"start_date":"2035-06-05","year_fraction":"0.25"},{"end_date":"2035-12-05","period":34,"start_date":"2035-09-05","year_fraction":"0.25"},{"end_date":"2036-03-05","period":35,"start_date":"2035-12-05","year_fraction":"0.25"},{"end_date":"2036-06-05","period":36,"start_date":"2036-03-05","year_fraction":"0.25"},{"end_date":"2036-09-05","period":37,"start_date":"2036-06-05","year_fraction":"0.25"},{"end_date":"2036-12-05","period":38,"start_date":"2036-09-05","year_fraction":"0.25"},{"end_date":"2037-03-05","period":39,"start_date":"2036-12-05","year_fraction":"0.25"},{"end_date":"2037-06-05","period":40,"start_date":"2037-03-05","year_fraction":"0.25"},{"end_date":"2037-09-05","period":41,"start_date":"2037-06-05","year_fraction":"0.25"},{"end_date":"2037-12-05","period":42,"start_date":"2037-09-05","year_fraction":"0.25"},{"end_date":"2038-03-05","period":43,"start_date":"2037-12-05","year_fraction":"0.25"},{"end_date":"2038-06-05","period":44,"start_date":"2038-03-05","year_fraction":"0.25"},{"end_date":"2038-09-05","period":45,"start_date":"2038-06-05","year_fraction":"0.25"},{"end_date":"2038-12-05","period":46,"start_date":"2038-09-05","year_fraction":"0.25"},{"end_date":"2039-03-05","period":47,"start_date":"2038-12-05","year_fraction":"0.25"},{"end_date":"2039-06-05","period":48,"start_date":"2039-03-05","year_fraction":"0.25"},{"end_date":"2039-09-05","period":49,"start_date":"2039-06-05","year_fraction":"0.25"},{"end_date":"2039-12-05","period":50,"start_date":"2039-09-05","year_fraction":"0.25"},{"end_date":"2040-03-05","period":51,"start_date":"2039-12-05","year_fraction":"0.25"},{"end_date":"2040-06-05","period":52,"start_date":"2040-03-05","year_fraction":"0.25"},{"end_date":"2040-09-05","period":53,"start_date":"2040-06-05","year_fraction":"0.25"},{"end_date":"2040-12-05","period":54,"start_date":"2040-09-05","year_fraction":"0.25"},{"end_date":"2041-03-05","period":55,"start_date":"2040-12-05","year_fraction":"0.25"},{"end_date":"2041-06-05","period":56,"start_date":"2041-03-05","year_fraction":"0.25"},{"end_date":"2041-09-05","period":57,"start_date":"2041-06-05","year_fraction":"0.25"},{"end_date":"2041-12-05","period":58,"start_date":"2041-09-05","year_fraction":"0.25"},{"end_date":"2042-03-05","period":59,"start_date":"2041-12-05","year_fraction":"0.25"},{"end_date":"2042-06-05","period":60,"start_date":"2042-03-05","year_fraction":"0.25"},{"end_date":"2042-09-05","period":61,"start_date":"2042-06-05","year_fraction":"0.25"},{"end_date":"2042-12-05","period":62,"start_date":"2042-09-05","year_fraction":"0.25"},{"end_date":"2043-03-05","period":63,"start_date":"2042-12-05","year_fraction":"0.25"},{"end_date":"2043-06-05","period":64,"start_date":"2043-03-05","year_fraction":"0.25"},{"end_date":"2043-09-05","period":65,"start_date":"2043-06-05","year_fraction":"0.25"},{"end_date":"2043-12-05","period":66,"start_date":"2043-09-05","year_fraction":"0.25"},{"end_date":"2044-03-05","period":67,"start_date":"2043-12-05","year_fraction":"0.25"},{"end_date":"2044-06-05","period":68,"start_date":"2044-03-05","year_fraction":"0.25"},{"end_date":"2044-09-05","period":69,"start_date":"2044-06-05","year_fraction":"0.25"},{"end_date":"2044-12-05","period":70,"start_date":"2044-09-05","year_fraction":"0.25"},{"end_date":"2045-03-05","period":71,"start_date":"2044-12-05","year_fraction":"0.25"},{"end_date":"2045-06-05","period":72,"start_date":"2045-03-05","year_fraction":"0.25"},{"end_date":"2045-09-05","period":73,"start_date":"2045-06-05","year_fraction":"0.25"},{"end_date":"2045-12-05","period":74,"start_date":"2045-09-05","year_fraction":"0.25"},{"end_date":"2046-03-05","period":75,"start_date":"2045-12-05","year_fraction":"0.25"},{"end_date":"2046-06-05","period":76,"start_date":"2046-03-05","year_fraction":"0.25"},{"end_date":"2046-09-05","period":77,"start_date":"2046-06-05","year_fraction":"0.25"},{"end_date":"2046-12-05","period":78,"start_date":"2046-09-05","year_fraction":"0.25"},{"end_date":"2047-03-05","period":79,"start_date":"2046-12-05","year_fraction":"0.25"},{"end_date":"2047-06-05","period":80,"start_date":"2047-03-05","year_fraction":"0.25"}],"unit":"calendar_day","window_start_date":"2027-09-02"},"deployment_contract":{"asset_id":"DEPSEC","borrower_id":"BORROWER","collateral_issuer_id":"CELADON","collateral_relation":"independent","contract_id":"DEP_SECURITY","coupon_spread":"0.0455411592","currency":"USD","enforceability":"effective","face_per_unit":"1","facility":{"cash_account_id":"CASH_BRANCH","lender_id":"FACILITY_LENDER","limit":"257402340","spread":"0.0108903245","unconditional_by_selected_cutoff":true},"initial_operating_cash":"123751125","issued":true,"legal_form":"issued_security_pledge","market_funding_spread":"0.0108903245","market_haircut":"0.08910333","opening_total_cash":"123751125","operating_call":"17820162","ownership_basis":"pledge","quantity":"990009000","restricted_cash":"0","return_obligation":"identical","reuse_permitted":false,"scope":"actual_daily_book","source_evidence":[{"file":"worker/legal-terms.txt","locator":"actual-deployment-terms"},{"file":"worker/docs/desk-runtime-contract.md","locator":"## Clock and settlement order"}]},"family_id":"FUND_01","jurisdiction":"Fictional Commonwealth of Orivale / series 1","parties":{"borrower":"Brackenford Trade Bank [FUND_01 series 1]","facility_lender":"Ternwell Liquidity Bank [FUND_01 series 1]","protection_provider":"Morrowfen Credit Assurance [FUND_01 series 1]","provider":"Alderwick Funding Trust [FUND_01 series 1]","reference_issuer":"Kestrelmere Funding Company [FUND_01 series 1]"},"terms":{"branch_call":"17820162","branch_free_cash":"123751125","deployment_coupon_spread":"0.0455411592","facility_limit":"257402340","lender_spread":"0.0108903245","market_haircut":"0.08910333","notional":"990009000","ois":"0.0356420304","own_bond_spread":"0.0064352412","provider_cds":"0.0084151402"},"title":"Registered pledge and a coupon arriving after the debit"},"parameters":{"actions":{"CDS":{"CCR_qualified":true,"CCR_scope":"CRE51.16(1) exception only for qualified cover","CVA_designation_eligible":true,"CVA_scope":"MAR50 provider exposure calculated by regular SA-CCR for CVA method annex despite CCR purchased-protection exception","annual_administration_fee":"24750.225","baseline_executed":false,"covered_events":["failure_to_pay","bankruptcy","restructuring"],"default_correlation":"0","direct_irrevocable_unconditional":true,"effective_business_days":"2","executable":true,"fee":"247502.25","guarantee_equivalent":true,"hedge_CVA_gap_spread_move":"0.0009900658","hedge_economic_term":"Five-year fixed-notional cash-settled CDS on P; no automatic renewal and no protection after expiry","hedge_provider_CDS":"0.0039603092","hedge_provider_CSA":"Executed two-way cash VM, 20BD MPOR","hedge_provider_CVA_method":"desk_annex_normal_saccr","hedge_provider_mpor_days":"20","hedge_provider_recovery":"0.4","hedge_provider_short_term_exception":false,"margin_terms":{"NICA":"0","minimum_transfer_amount":"0","mpor_floor":{"illiquid_or_hard_to_replace":true,"non_centrally_cleared":true,"over_5000_transactions":false,"remargin_interval_days":"1","repeated_disputes":false,"source_evidence":{"file":"docs/reference-input-contract.md","locator":"mpor-floor-facts"}},"threshold":"0"},"notional":"316802880","premium":"0.0084151402","protection_provider_id":"H","provider_independent":true,"quote_id":"SYN-CDS-FUND_01-S1","quoted_at":"2027-06-05","recognition_terms":{"cash_settlement_valuation_robust":true,"credit_event_determination_independent":true,"grace_period_covered":true,"legally_enforceable":true,"protection_provider_eligible":true,"reference_obligation_not_senior":true,"source_evidence":{"file":"docs/reference-input-contract.md","locator":"protection-recognition-facts"},"underlying_contract_id":"FUND_TRS"},"reference_provider_id":"P","replacement_quote":{"base_market_premium":"0.0084151402","conversion":"cds_spread_difference_remaining_annuity","executable":true,"id":"SYN-CDS-ROLL-FUND_01-S1","locked_premium":"0.0084151402","notional":"316802880","protection_provider_id":"H","quoted_at":"2027-06-05","reference_provider_id":"P","remaining_years":"4","source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-quote-board"},"stressed_market_premium":"0.0168302804"},"same_currency":true,"same_obligor_cross_default":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"tenor_starts":"execution","timely_cash_settlement":true,"undesignated_market_risk_basis":"Synthetic separately allocated trading-book stress capital, not a derived MAR10-40 minimum; zero in designated branch only under eligible CVA purpose","undesignated_market_risk_capital":"495004.5","year1_quote_clock":"One year after CDS execution; actual remaining CDS term is four years","years":"5"},"CSA":{"annual_administration_fee":"24750.225","annual_commitment_fee":"49500.45","baseline_executed":false,"cost_scope":"Deterministic stress price, not probability-weighted expected value","effective_business_days":"2","executable":true,"facility_commitment_rate":"0.0009900752","facility_draw_ois":"0.0356420304","facility_limit":"99000900","facility_repayment_source":"Posted cash VM returned after stress interval; base book cash is not silently this separate snapshot buffer","facility_spread":"0.0148506015","facility_upfront_fee":"99000.9","fee":"990009","full_mark_coverage":true,"leverage_vm":{"cash_settled":true,"daily_exchange":true,"full_mark_exchange":true,"non_segregated":true,"same_currency":true,"single_enforceable_master":true,"source_evidence":{"file":"docs/reference-input-contract.md","locator":"leverage-recognition-facts"}},"liquidity_buffer":"19800180","margin_remuneration_spread":"0","quote_id":"SYN-CSA-FUND_01-S1","quoted_at":"2027-06-05","rehypothecation_allowed":true,"requires":"Signed bilateral daily cash VM CSA and enforceability opinion","source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"stress_days":"30","stress_funding_move":"-0.009900736","stress_scenario_probability":"1","two_way":true},"hold":{"action_id":"hold","description":"Keep existing contracts and capital; no imagined cash release or forced refinancing","effective_business_days":"0","executable":true,"fee":"0","source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"}},"netting":{"baseline_executed":false,"covered_trade_ids":["FUND_TRS","OFFSET_TRS"],"effective_business_days":"30","executable":true,"fee":"742506.75","legal_status":"Pending until all signed opinions and novation confirmations delivered","master_id":"MASTER_P_CONSOLIDATED","opinion_delivered_at_execution":true,"opinion_jurisdictions":["Meridian home law","P insolvency law"],"other_trade":{"contract_id":"OFFSET_TRS","credit_delta":"1","netting_set_id":"OFFSET_P","notional":"495004500","provider_id":"P","quantity":"495004500","quote":{"contract_id":"OFFSET_TRS","conversion":"upfront_implied_spread_remaining_annuity","executable":true,"id":"SYN-OFFSET-FUND_01-S1","notional":"495004500","provider_id":"P","quantity":"495004500","quoted_at":"2027-06-05","quoted_upfront":"-49500450","reference_id":"U","remaining_years":"20","scenario_margin_beta":"0","source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-quote-board"}},"reference_id":"U","remaining_years":"20","role":"total_return_payer"},"quote_id":"SYN-NETTING-FUND_01-S1","quoted_at":"2027-06-05","same_provider_required":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"}},"substitute":{"annual_spread_concession":"0.0089108784","baseline_executed":false,"effective_business_days":"2","eligibility_source_evidence":{"file":"docs/reference-input-contract.md","locator":"substitution-eligibility"},"executable":true,"original_years":"5","quote_id":"SYN-SUBSTITUTE-FUND_01-S1","quoted_at":"2027-06-05","replacement_coupon_spread":"0.009900578","replacement_credit_move":"0","replacement_enforceable":true,"replacement_issue_rating":"AAA","replacement_issued":true,"replacement_issuer":"FUND_01 independent substitution issuer series 1","replacement_issuer_kind":"other","replacement_market_liquid":true,"replacement_material_positive_correlation":false,"replacement_quantity":"990009000","replacement_residual_years":"5","replacement_same_currency":true,"requires":"Signed issuer-independent AAA collateral substitution, custody control and daily revaluation","reversal_effective_business_days":"2","source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"unwind_fee":"247502.25","upfront_fee":"990009"}},"allocation":{"assignment_rule":"Every lot exactly once. Indivisible, no double pledge. No cross-trade regulatory netting; each repo exposure calculated separately. Both quotes take every assigned lot at full market advance.","capital_budget":"1980018","days":"7","equity_hurdle":"0.10","lenders":{"Div":{"CDS":"0.0178208082","currency":"USD","days":"7","executable":true,"haircut":"0.079200512","legal_name":"FUND_01 weaker cheaper allocation lender series 1","maximum_name_fraction":"0.05","maximum_pool_value":"39600360","minimum_names":40,"quote_id":"SYN-DIV-7D-FUND_01-S1","quoted_at":"2027-06-05","rating":"BBB","rw":"0.50","source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-quote-board"},"spread":"0.0108903245"},"Tol":{"CDS":"0.0059402694","currency":"USD","days":"7","executable":true,"haircut":"0.14850096","legal_name":"FUND_01 stronger dearer allocation lender series 1","maximum_name_fraction":"1","maximum_pool_value":"267302430","minimum_names":1,"quote_id":"SYN-TOL-7D-FUND_01-S1","quoted_at":"2027-06-05","rating":"AA","rw":"0.20","source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-quote-board"},"spread":"0.0193605769"}},"lots":[{"asset_class":"IG_bond","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.04","id":"L1","issue_rating":"AAA","issued":true,"issuer":"FUND_01 allocation issuer L1 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"5","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"118801080"},{"asset_class":"IG_bond","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.04","id":"L2","issue_rating":"AAA","issued":true,"issuer":"FUND_01 allocation issuer L2 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"5","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"108900990"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S01","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S01 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S02","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S02 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S03","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S03 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S04","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S04 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S05","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S05 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S06","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S06 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S07","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S07 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S08","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S08 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S09","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S09 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S10","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S10 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S11","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S11 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S12","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S12 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S13","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S13 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S14","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S14 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S15","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S15 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S16","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S16 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S17","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S17 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S18","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S18 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S19","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S19 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S20","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S20 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S21","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S21 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S22","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S22 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S23","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S23 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S24","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S24 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S25","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S25 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S26","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S26 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S27","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S27 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S28","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S28 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S29","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S29 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S30","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S30 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S31","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S31 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S32","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S32 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S33","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S33 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S34","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S34 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S35","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S35 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S36","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S36 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S37","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S37 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S38","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S38 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S39","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S39 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S40","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S40 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S41","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S41 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S42","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S42 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S43","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S43 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S44","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S44 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S45","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S45 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S46","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S46 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S47","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S47 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S48","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S48 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S49","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S49 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"},{"asset_class":"main_index_equity","available_for_pledge":true,"eligible_lenders":["Tol","Div"],"enforceable":true,"h10":"0.20","id":"S50","issue_rating":"not_applicable_equity","issued":true,"issuer":"FUND_01 allocation issuer S50 series 1","issuer_kind":"other","material_positive_correlation":false,"residual_years":"0","right_to_return_collateral":true,"same_currency":true,"source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-actions"},"value":"792007.2"}],"normalised_haircut_comparison":{"equity_annual_volatility":"0.30","equity_market_haircut":"0.08","safe_annual_volatility_high":"0.05","safe_annual_volatility_low":"0.04","safe_market_haircut":"0.02","scope":"Synthetic ratios illustrating safe haircut per volatility exceeds equity ratio; not a refutation of nominal haircut monotonicity or an empirical five-year calibration"},"own_spread":"0.0193057236","proof_domain":"Exactly two large lots forced to Tol by Div constraints and fifty equal small lots with distinct issuers and identical loan economics. Outside these hypotheses optimize_allocation raises ReferenceError; evaluate_allocation still checks arbitrary complete assignments.","requirement":"227702070","risk_weight_basis":"Explicit conservative desk election to apply CRE20.18 base ECRA weights 20% and 50%, without optional CRE20.19 short-term relief. Not a mandatory seven-day regulatory minimum. Other eligibility and bank-permission conditions are case assumptions.","short_term_optional_rw":{"Div":"0.20","Tol":"0.20"},"status":"Synthetic 7-day schedules, not calibrated from the supplied empirical study","year_days":"365"},"book":{"TRS_has_no_principal_exchange":true,"funding_principal_source":"identified_asset_sale"},"currency":"USD","day_one_accounting":{"base_internal_addon_observable":false,"service_fee_treatment":"inception_consumed_service_expense"},"deployment_coupon_spread":"0.0455411592","deployment_years":"5","desk":{"CSA_closeout_gap_funding_move":"0.0024750755","CVA_KVA_survival":"default_weighted_cva_contractual_kva","CVA_default_grid":"quarter_end_constant_cds_lgd","accounting_scope":"Retained U and financing liability under IFRS; management mark and two pots bridged out unless independent unit recognition supplied","action_timing":"business_day_event_grid_next_quarter_payment","annual_schedule":"Years zero through twenty, plus every quarterly observation and remaining KVA; zero scheduled core exposures are separate from unresolved settlements.","capital_sampling":"beginning_interval_end_payment","component_pricing_scope":"All K7 NPVs below are standalone component values, not all-in book profit or cash capital releases. Whole-book max constraints are recomputed separately.","day1_deferral_policy":"frozen_pricing_annuity_management_deferral","day1_fee":"990009","discount_convention":"nominal_ois_compounded_contract_quarter","equity_hurdle":"0.10","funding_KVA_scope":"Standalone CCR+CVA component, not bank max-constraint KVA"},"execution_margin":"0.004950172","funding_contract":{"NICA":"0","SA_CVA_approval":false,"classification_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-classification"},"contract_id":"FUND_TRS","currency":"USD","full_value_reset":false,"last_reset_price":"1","locked_financing_spread":"0.0069303218","minimum_transfer_amount":"0","mpor_floor":{"illiquid_or_hard_to_replace":true,"non_centrally_cleared":true,"over_5000_transactions":false,"remargin_interval_days":"1","repeated_disputes":false,"source_evidence":{"file":"docs/reference-input-contract.md","locator":"mpor-floor-facts"}},"netting_set_id":"FUNDING_P","next_price_settlement_years":"0.25","notional":"990009000","ordinary_BA_maturity_floor_applies":true,"original_reference_rating":"AAA","provider_ECRA_rating":"A","provider_bank_eligible":true,"provider_credit_quality":"IG","provider_due_diligence_uplift":false,"provider_id":"P","provider_sector":"financial","quantity":"990009000","ratings_permitted":true,"reference_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-executed-agreements"},"reference_id":"U","reference_issuer_kind":"other","reference_price_basis":"USD per unit of original principal; final ex-distribution price zero","regulatory_classification":"Credit-only SA-CCR plus LEV30 written credit under fictional classification letter; failed-sale IFRS retention reconciled separately","remaining_years":"20","reset_basis":"Quarterly reference-price return settlement; future financing advantage survives","stub":"0","threshold":"0"},"funding_years":"20","incurred_CVA":"0","internal_AAA_initial":"0.0019801498","leverage_snapshot":{"use_30_35_PFE_exclusion":true},"notional":"990009000","ois":"0.0356420304","opening_free_cash":"123751125","opening_legacy_funding":"990009000","opening_legacy_spread":"0","own_CDS_spread":"0.0029701437","own_bond_spread":"0.0064352412","provider_CDS":"0.0084151402","provider_recovery":"0.4","quarter":"0.25","reference_coupon_spread":"0.009900578","regulatory":{"AAA_other_haircuts":{"over_10":"0.12","up_to_1":"0.01","up_to_10":"0.06","up_to_3":"0.03","up_to_5":"0.04"},"AAA_securitisation_haircuts":{"over_10":"0.16","up_to_1":"0.02","up_to_10":"0.16","up_to_3":"0.08","up_to_5":"0.08"},"AAA_sovereign_haircuts":{"over_10":"0.04","up_to_1":"0.005","up_to_10":"0.04","up_to_3":"0.02","up_to_5":"0.02"},"BA_beta":"0.25","BA_discount_decay":"0.05","BA_financial_IG_rw":"0.05","BA_one_year_floor":"1","BA_rho":"0.5","BA_scalar":"0.65","BA_short_term_exception":false,"BA_short_term_exception_evidence":"None: original twenty-year TRS and five-year CDS are not a selected short-term exception","BBB_other_haircuts":{"over_10":"0.20","up_to_1":"0.02","up_to_10":"0.12","up_to_3":"0.04","up_to_5":"0.06"},"BBB_securitisation_haircuts":{"over_10":"0.24","up_to_1":"0.04","up_to_10":"0.24","up_to_3":"0.12","up_to_5":"0.12"},"BBB_sovereign_haircuts":{"over_10":"0.06","up_to_1":"0.01","up_to_10":"0.06","up_to_3":"0.03","up_to_5":"0.03"},"BB_sovereign_haircut":"0.15","CVA_RWA_multiplier":"12.5","FX_haircut":"0.08","IR_sf":"0.005","alpha":"1.4","bespoke_mpor_days":"20","business_days":"250","credit_protection_original_minimum":"1","credit_rho":"0.5","deployment_rw":"1","gold_haircut":"0.20","haircut_revaluation_days":"1","haircut_table_days":"10","leverage_minimum":"0.03","main_index_equity_haircut":"0.20","margin_scale":"1.5","maturity_cap":"5","min_maturity_days":"10","minimum_total_capital":"0.08","multiplier_floor":"0.05","protection_floor":"0.25","protection_provider_rw":"0.2","provider_rw":"0.3","repo_holding_days":"5","sd_decay":"0.05","secured_lending_holding_days":"20","single_name_AAA_sf":"0.0038","single_name_A_sf":"0.0042"},"replacement_margin":"0.0079206752","replacement_quote":{"closeout_basis":"Full financing and return obligations under matched replacement terms, no own-spread-linked termination payment","contract_id":"FUND_TRS","conversion":"remaining_quarterly_annuity","conversion_rate":"0.0356420304","currency":"USD","executable":true,"id":"SYN-REPL-FUND-FUND_01-S1","includes_old_reference_adjustment":false,"locked_financing_spread":"0.0069303218","notional":"990009000","off_quarter_convention":"fractional_remaining_annuity_clean_quote","old_reference_adjustment_upfront":"0","provider_id":"P","quantity":"990009000","quarter":"0.25","quote_basis":"reset_to_today","quoted_at":"2027-06-05","quoted_base_financing_spread":"0.009900825","reference_id":"U","remaining_years":"20","reset_basis":"Quarterly reference-price return settlement; future financing advantage survives","reset_price_convention":"Current reference price; old reference-price return is excluded from quoted margin","roll_convention":"Same surviving contract, remaining maturity rolls down without renewal; margin beta applies only to stated synthetic parallel scenarios","scenario_margin_beta":"1","source_evidence":{"file":"docs/exhibit-fields.md","locator":"fictional-quote-board"},"status":"Fictional binding quote convention for this educational instance, not an observed market quote"},"schema_version":"back_to_back_funding_book.v1r2","whole_book":{"AVA":"0","capital_gate":"minimum_capital_blocks_new_execution","cash_rw":"0","deployment_rw":"1","other_RWA":"0","other_leverage_exposure":"0","retained_U_rw":"0.20","scope":"Specified toy whole book only: retained AAA bank U, B-sovereign deployment, OIS cash, funding CCR and CVA; no inferred production buffers or compliance. Reinvestment is central-bank OIS cash at zero RW.","written_credit_contract":{"contract_id":"FUND_TRS","reference_id":"U","source_evidence":{"file":"docs/reference-input-contract.md","locator":"leverage-recognition-facts"},"unoffset":true},"written_credit_notional":"990009000"}}}