{ "tool_id": "art-514-conditional-relief-collateral-receipt", "note": "Vectors computed directly from the shipped kernel. Covers all conditions met against a current relief version, the CRC_RELIEF_VERSION_STALE case the node exists for (evidence gathered against a version other than the one relied upon), a breach combined with absent evidence (FAIL and UNDECIDABLE never collapse into a silent PASS), a material revocation exposure where eligibility is lost without the relief, a second regime running on the identical shape with only caller-declared inputs changing, and the empty-input edge case. Every regime label and condition is caller-supplied; the kernel names no regulator and hardcodes no rule set.", "vectors": [ { "name": "all-conditions-met-current-version", "description": "Every declared condition has evidence_status met and the relied-on version matches the condition set: CRC_ALL_CONDITIONS_MET, no staleness.", "policy_parameters": { "relief_regime": "conditional_no_action_relief", "relied_on_version": "2026-03-01", "condition_set": { "version": "2026-03-01", "conditions": [ { "condition_id": "COND-01", "description": "Reserve attestation filed for the period", "evidence_status": "met" }, { "condition_id": "COND-02", "description": "Issuer remains on the declared permitted list", "evidence_status": "met" }, { "condition_id": "COND-03", "description": "Daily valuation reported to the declared cadence", "evidence_status": "met" } ] }, "asset_class": "payment_stablecoin", "issuer_permitted_status": true, "declared_valuation": 5000000, "declared_haircut_pct": 2, "declared_reporting_cadence": "daily", "last_report_ref": "RPT-2026-07-31-001", "position_size": 5000000, "capital_charge_table": [ { "asset_class": "payment_stablecoin", "charge_pct": 8 }, { "asset_class": "tokenized_treasury", "charge_pct": 2 } ], "revocation_charge_pct": 100, "revocation_eligible_without_relief": true, "as_of": "2026-07-31T23:59:59Z" }, "output_payload": { "relief_regime": "conditional_no_action_relief", "relied_on_version": "2026-03-01", "condition_set_version": "2026-03-01", "conditions": [ { "condition_id": "COND-01", "description": "Reserve attestation filed for the period", "evidence_status": "met", "verdict": "PASS" }, { "condition_id": "COND-02", "description": "Issuer remains on the declared permitted list", "evidence_status": "met", "verdict": "PASS" }, { "condition_id": "COND-03", "description": "Daily valuation reported to the declared cadence", "evidence_status": "met", "verdict": "PASS" } ], "all_conditions_met": true, "asset_class": "payment_stablecoin", "asset_class_valid": true, "issuer_permitted_status": true, "issuer_permitted_status_declared": true, "declared_valuation": 5000000, "declared_haircut_pct": 2, "declared_reporting_cadence": "daily", "last_report_ref": "RPT-2026-07-31-001", "position_size": 5000000, "applicable_charge_pct": 8, "applicable_capital_charge": 400000, "revocation_charge_pct": 100, "revocation_capital_charge": 5000000, "revocation_capital_delta": 4600000, "revocation_eligible_without_relief_declared": true, "revocation_eligible_without_relief": true, "eligibility_lost_on_revocation": false, "revocation_exposure_material": true, "version_stale": false, "as_of": "2026-07-31T23:59:59Z", "exceptions": [] }, "golden_hash": "864dfc377baadeb26ebed10e3e71f2146c6266e7fa5248139104c23cb99cb3c4" }, { "name": "relief-version-stale", "description": "Conditions all met, but the evidence was gathered against a condition set whose version differs from the version relied upon: CRC_RELIEF_VERSION_STALE.", "policy_parameters": { "relief_regime": "conditional_no_action_relief", "relied_on_version": "2026-06-15", "condition_set": { "version": "2026-03-01", "conditions": [ { "condition_id": "COND-01", "description": "Reserve attestation filed for the period", "evidence_status": "met" }, { "condition_id": "COND-02", "description": "Issuer remains on the declared permitted list", "evidence_status": "met" } ] }, "asset_class": "payment_stablecoin", "issuer_permitted_status": true, "declared_valuation": 3000000, "declared_haircut_pct": 2, "declared_reporting_cadence": "daily", "last_report_ref": "RPT-2026-07-31-002", "position_size": 3000000, "capital_charge_table": [ { "asset_class": "payment_stablecoin", "charge_pct": 8 } ], "revocation_charge_pct": 100, "revocation_eligible_without_relief": true, "as_of": "2026-07-31T23:59:59Z" }, "output_payload": { "relief_regime": "conditional_no_action_relief", "relied_on_version": "2026-06-15", "condition_set_version": "2026-03-01", "conditions": [ { "condition_id": "COND-01", "description": "Reserve attestation filed for the period", "evidence_status": "met", "verdict": "PASS" }, { "condition_id": "COND-02", "description": "Issuer remains on the declared permitted list", "evidence_status": "met", "verdict": "PASS" } ], "all_conditions_met": true, "asset_class": "payment_stablecoin", "asset_class_valid": true, "issuer_permitted_status": true, "issuer_permitted_status_declared": true, "declared_valuation": 3000000, "declared_haircut_pct": 2, "declared_reporting_cadence": "daily", "last_report_ref": "RPT-2026-07-31-002", "position_size": 3000000, "applicable_charge_pct": 8, "applicable_capital_charge": 240000, "revocation_charge_pct": 100, "revocation_capital_charge": 3000000, "revocation_capital_delta": 2760000, "revocation_eligible_without_relief_declared": true, "revocation_eligible_without_relief": true, "eligibility_lost_on_revocation": false, "revocation_exposure_material": true, "version_stale": true, "as_of": "2026-07-31T23:59:59Z", "exceptions": [ "RELIEF_VERSION_STALE" ] }, "golden_hash": "d649a015fc510c2b19be0900fbd8a22305493247a7668ec2f3d5849c29e8cc74" }, { "name": "condition-breach-and-evidence-absent", "description": "One condition not met and one with no declared evidence_status: CRC_CONDITION_BREACH plus CRC_EVIDENCE_INCOMPLETE. An absent evidence status is UNDECIDABLE by construction, never a pass.", "policy_parameters": { "relief_regime": "exemptive_order_relief", "relied_on_version": "2026-01-10", "condition_set": { "version": "2026-01-10", "conditions": [ { "condition_id": "COND-01", "description": "Reserve attestation filed for the period", "evidence_status": "not_met" }, { "condition_id": "COND-02", "description": "Independent custody confirmation obtained", "evidence_status": "" }, { "condition_id": "COND-03", "description": "Daily valuation reported to the declared cadence", "evidence_status": "met" } ] }, "asset_class": "tokenized_mmf", "issuer_permitted_status": false, "declared_valuation": 1250000, "declared_haircut_pct": 5, "declared_reporting_cadence": "weekly", "last_report_ref": "RPT-2026-07-25-014", "position_size": 1250000, "capital_charge_table": [ { "asset_class": "tokenized_mmf", "charge_pct": 4 } ], "revocation_charge_pct": 50, "revocation_eligible_without_relief": false, "as_of": "2026-07-31T23:59:59Z" }, "output_payload": { "relief_regime": "exemptive_order_relief", "relied_on_version": "2026-01-10", "condition_set_version": "2026-01-10", "conditions": [ { "condition_id": "COND-01", "description": "Reserve attestation filed for the period", "evidence_status": "not_met", "verdict": "FAIL" }, { "condition_id": "COND-02", "description": "Independent custody confirmation obtained", "evidence_status": null, "verdict": "UNDECIDABLE" }, { "condition_id": "COND-03", "description": "Daily valuation reported to the declared cadence", "evidence_status": "met", "verdict": "PASS" } ], "all_conditions_met": false, "asset_class": "tokenized_mmf", "asset_class_valid": true, "issuer_permitted_status": false, "issuer_permitted_status_declared": true, "declared_valuation": 1250000, "declared_haircut_pct": 5, "declared_reporting_cadence": "weekly", "last_report_ref": "RPT-2026-07-25-014", "position_size": 1250000, "applicable_charge_pct": 4, "applicable_capital_charge": 50000, "revocation_charge_pct": 50, "revocation_capital_charge": 625000, "revocation_capital_delta": 575000, "revocation_eligible_without_relief_declared": true, "revocation_eligible_without_relief": false, "eligibility_lost_on_revocation": true, "revocation_exposure_material": true, "version_stale": false, "as_of": "2026-07-31T23:59:59Z", "exceptions": [ "CONDITION_BREACH:COND-01", "CONDITION_EVIDENCE_ABSENT:COND-02" ] }, "golden_hash": "648cd52d4c27fd6ce6f4d5517d299af3395a264aae06fa66bfa9ea9746835939" }, { "name": "revocation-exposure-material-eligibility-lost", "description": "Conditions met, but the asset is not eligible as collateral without the relief and the revocation charge exceeds the applicable one: CRC_REVOCATION_EXPOSURE_MATERIAL.", "policy_parameters": { "relief_regime": "comfort_letter_relief", "relied_on_version": "2026-05-20", "condition_set": { "version": "2026-05-20", "conditions": [ { "condition_id": "COND-01", "description": "Issuer remains on the declared permitted list", "evidence_status": "met" } ] }, "asset_class": "btc", "issuer_permitted_status": true, "declared_valuation": 800000, "declared_haircut_pct": 40, "declared_reporting_cadence": "daily", "last_report_ref": "RPT-2026-07-31-003", "position_size": 800000, "capital_charge_table": [ { "asset_class": "btc", "charge_pct": 20 } ], "revocation_charge_pct": 100, "revocation_eligible_without_relief": false, "as_of": "2026-07-31T23:59:59Z" }, "output_payload": { "relief_regime": "comfort_letter_relief", "relied_on_version": "2026-05-20", "condition_set_version": "2026-05-20", "conditions": [ { "condition_id": "COND-01", "description": "Issuer remains on the declared permitted list", "evidence_status": "met", "verdict": "PASS" } ], "all_conditions_met": true, "asset_class": "btc", "asset_class_valid": true, "issuer_permitted_status": true, "issuer_permitted_status_declared": true, "declared_valuation": 800000, "declared_haircut_pct": 40, "declared_reporting_cadence": "daily", "last_report_ref": "RPT-2026-07-31-003", "position_size": 800000, "applicable_charge_pct": 20, "applicable_capital_charge": 160000, "revocation_charge_pct": 100, "revocation_capital_charge": 800000, "revocation_capital_delta": 640000, "revocation_eligible_without_relief_declared": true, "revocation_eligible_without_relief": false, "eligibility_lost_on_revocation": true, "revocation_exposure_material": true, "version_stale": false, "as_of": "2026-07-31T23:59:59Z", "exceptions": [] }, "golden_hash": "48fabfc09eccc0269623600d54156eb91606766e5acc40cd93d45325383a8040" }, { "name": "second-regime-portability-identical-shape", "description": "A different declared regime on the identical input shape, with only caller-supplied values changing and no code path specific to any regulator.", "policy_parameters": { "relief_regime": "supervisory_modification_permission", "relied_on_version": "2026-04-02", "condition_set": { "version": "2026-04-02", "conditions": [ { "condition_id": "MOD-01", "description": "Concentration limit observed against the declared threshold", "evidence_status": "met" }, { "condition_id": "MOD-02", "description": "Quarterly attestation filed with the supervisor", "evidence_status": "met" } ] }, "asset_class": "tokenized_treasury", "issuer_permitted_status": true, "declared_valuation": 10000000, "declared_haircut_pct": 1, "declared_reporting_cadence": "quarterly", "last_report_ref": "RPT-2026-06-30-Q2", "position_size": 10000000, "capital_charge_table": [ { "asset_class": "tokenized_treasury", "charge_pct": 2 } ], "revocation_charge_pct": 8, "revocation_eligible_without_relief": true, "as_of": "2026-07-31T23:59:59Z" }, "output_payload": { "relief_regime": "supervisory_modification_permission", "relied_on_version": "2026-04-02", "condition_set_version": "2026-04-02", "conditions": [ { "condition_id": "MOD-01", "description": "Concentration limit observed against the declared threshold", "evidence_status": "met", "verdict": "PASS" }, { "condition_id": "MOD-02", "description": "Quarterly attestation filed with the supervisor", "evidence_status": "met", "verdict": "PASS" } ], "all_conditions_met": true, "asset_class": "tokenized_treasury", "asset_class_valid": true, "issuer_permitted_status": true, "issuer_permitted_status_declared": true, "declared_valuation": 10000000, "declared_haircut_pct": 1, "declared_reporting_cadence": "quarterly", "last_report_ref": "RPT-2026-06-30-Q2", "position_size": 10000000, "applicable_charge_pct": 2, "applicable_capital_charge": 200000, "revocation_charge_pct": 8, "revocation_capital_charge": 800000, "revocation_capital_delta": 600000, "revocation_eligible_without_relief_declared": true, "revocation_eligible_without_relief": true, "eligibility_lost_on_revocation": false, "revocation_exposure_material": true, "version_stale": false, "as_of": "2026-07-31T23:59:59Z", "exceptions": [] }, "golden_hash": "d8b230fd5f7cf6a2ce830f8dc363f421f62853f6d3c2ebd229b8e98c1eb6f597" }, { "name": "empty-input-undecidable", "description": "Empty input edge case: every absence is reported as an explicit exception rather than defaulting to a pass.", "policy_parameters": {}, "output_payload": { "relief_regime": null, "relied_on_version": null, "condition_set_version": null, "conditions": [], "all_conditions_met": false, "asset_class": "unstated", "asset_class_valid": false, "issuer_permitted_status": false, "issuer_permitted_status_declared": false, "declared_valuation": 0, "declared_haircut_pct": 0, "declared_reporting_cadence": null, "last_report_ref": null, "position_size": 0, "applicable_charge_pct": null, "applicable_capital_charge": null, "revocation_charge_pct": null, "revocation_capital_charge": null, "revocation_capital_delta": null, "revocation_eligible_without_relief_declared": false, "revocation_eligible_without_relief": false, "eligibility_lost_on_revocation": false, "revocation_exposure_material": false, "version_stale": false, "as_of": null, "exceptions": [ "RELIEF_REGIME_MISSING", "RELIED_ON_VERSION_MISSING", "CONDITION_SET_VERSION_MISSING", "CONDITION_SET_EMPTY", "UNKNOWN_ASSET_CLASS", "ISSUER_PERMITTED_STATUS_UNDECLARED", "DECLARED_VALUATION_ZERO_OR_ABSENT", "DECLARED_HAIRCUT_MISSING", "REPORTING_CADENCE_MISSING", "LAST_REPORT_REF_MISSING", "POSITION_SIZE_ZERO_OR_ABSENT", "CAPITAL_CHARGE_TABLE_EMPTY", "CAPITAL_CHARGE_TABLE_NO_MATCH", "REVOCATION_CHARGE_PCT_MISSING", "REVOCATION_ELIGIBILITY_UNDECLARED" ] }, "golden_hash": "e6514339e43e0c903d1020fb69351afe49fc2a969897c6533a83f4d7530ee387" } ] }