{ "tool_id": "art-603-stablecoin-reserve-3source-recompute", "note": "golden_hash filled by `node golden-parity.test.mjs --update`. Every output_payload below was produced by EXECUTING compute() in this kernel over the policy_parameters shown (SO #34 independent derivation), never hand-composed. Vectors are synthetic illustrative figures, not real issuer/fund/on-chain data.", "vectors": [ { "name": "all-legs-reconciled-met", "policy_parameters": { "leg_a": { "report_period": "2027-02", "period_end_date": "2027-02-28", "as_of": "2027-02-28", "source_digest": "sha256:aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa", "total_reserves_usd": 1050000000, "outstanding_tokens_reported": 1000000000, "token_price": 1, "reserves_in_fund_fraction": 0.8, "asset_breakdown": [ { "asset_class": "us_coin_and_currency", "amount_usd": 50000000, "maturity_bucket_days": 0 }, { "asset_class": "treasury_bill_93d_or_less", "amount_usd": 800000000, "maturity_bucket_days": 20, "institution": "US Treasury" }, { "asset_class": "government_mmf_solely_foregoing", "amount_usd": 200000000, "maturity_bucket_days": 25, "institution": "Fund X" } ] }, "leg_b": { "as_of": "2027-02-28", "source_digest": "sha256:bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb", "accession_number": "0001234567-27-000123", "total_net_assets": 840000000, "nav_per_share": 1, "shares_outstanding": 840000000, "wam_days": 21, "wal_days": 40, "filing_date": "2027-03-05" }, "leg_c": { "as_of": "2027-02-28", "source_digest": "sha256:cccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccc", "onchain_supply": 1000200000 } }, "output_payload": { "overall_determination": "MET", "leg_a": { "as_of": "2027-02-28", "source_digest": "sha256:aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa", "report_period": "2027-02", "period_end_date": "2027-02-28" }, "leg_b": { "as_of": "2027-02-28", "source_digest": "sha256:bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb", "accession_number": "0001234567-27-000123", "filing_date": "2027-03-05" }, "leg_c": { "as_of": "2027-02-28", "source_digest": "sha256:cccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccc" }, "max_as_of_skew_days_global": 0, "as_of_skew_pairs": { "leg_a_vs_leg_b": 0, "leg_a_vs_leg_c": 0, "leg_b_vs_leg_c": 0 }, "as_of_skew_threshold_days": 10, "reserve_ratio": { "verdict": "MET", "detail": "Recomputed reserves (1050000000) cover 105.00% of liabilities (1000000000), computed from the per-asset-class breakdown, not the stated top-line figure.", "total_reserves_usd_recomputed": 1050000000, "breakdown_sum_consistency": { "stated_total_reserves_usd": 1050000000, "recomputed_from_breakdown_usd": 1050000000, "delta_pct": 0, "within_tolerance": true }, "total_liabilities_usd": 1000000000, "coverage_ratio_pct": 105 }, "wam": { "wam_from_disclosure": { "value_days": 20, "verdict": null, "detail": "Weighted-average maturity recomputed from the per-asset-class breakdown: 20.00 days." }, "wam_from_edgar": { "value_days": 21, "wam_source": "edgar_nmfp_reported", "detail": "wam_days extracted directly from the N-MFP Part 1 series summary (accession 0001234567-27-000123). Extraction, not a recompute." }, "wam_cross_check": { "verdict": "RECONCILED", "detail": "Disclosure-recomputed WAM (20.00d) and EDGAR-reported WAM (21.00d) are within the 2-day tolerance. This comparison is directional, not exact, when the named fund holds only part of the issuer's reserves." }, "wam_ceiling_check": { "verdict": "MET", "wam_source": "disclosure_recomputed", "detail": "Best-available WAM (20.00d, source: disclosure_recomputed) is at or below the 20-day ceiling.", "ceiling_days": 20, "ceiling_ref": "OCC NPRM detail (research/GENIUS-FINALRULE-CHECK-2026-08-07.md) — NPRM, not final rule, re-verify at build time." } }, "genius_eligible_holdings": [ { "line_index": 0, "asset_class": "us_coin_and_currency", "amount_usd": 50000000, "verdict": "MATCHES_CRITERION", "statutory_item": 1, "statutory_item_label": "U.S. coins and currency", "detail": "Matches statutory eligible-asset item 1: U.S. coins and currency.", "ref": "GENIUS Act statutory eligible-asset enumeration (8 items) — sourced from statute text, pre-final-rule disclosure per GENIUS-FINALRULE-CHECK-1; catch-all item 7 always INDETERMINATE, never auto-matched." }, { "line_index": 1, "asset_class": "treasury_bill_93d_or_less", "amount_usd": 800000000, "verdict": "MATCHES_CRITERION", "statutory_item": 4, "statutory_item_label": "Treasury bills with 93 days or less remaining maturity", "detail": "Matches statutory eligible-asset item 4: Treasury bills with 93 days or less remaining maturity.", "ref": "GENIUS Act statutory eligible-asset enumeration (8 items) — sourced from statute text, pre-final-rule disclosure per GENIUS-FINALRULE-CHECK-1; catch-all item 7 always INDETERMINATE, never auto-matched." }, { "line_index": 2, "asset_class": "government_mmf_solely_foregoing", "amount_usd": 200000000, "verdict": "MATCHES_CRITERION", "statutory_item": 6, "statutory_item_label": "Government money market funds invested solely in the foregoing", "detail": "Matches statutory eligible-asset item 6: Government money market funds invested solely in the foregoing.", "ref": "GENIUS Act statutory eligible-asset enumeration (8 items) — sourced from statute text, pre-final-rule disclosure per GENIUS-FINALRULE-CHECK-1; catch-all item 7 always INDETERMINATE, never auto-matched." } ], "provisional_nprm_detail": [ { "institution": "us_coin_and_currency", "amount_usd": 50000000, "pct_of_recomputed_reserves": 4.7619, "exceeds_concentration_ceiling": false, "provisional_nprm_detail": true, "ceiling_pct": 40, "ref": "OCC NPRM concentration detail (≤40% at any one eligible institution) — proposed-rule detail, not statute, kept visibly separate from the statutory eligible-asset list." }, { "institution": "US Treasury", "amount_usd": 800000000, "pct_of_recomputed_reserves": 76.1905, "exceeds_concentration_ceiling": true, "provisional_nprm_detail": true, "ceiling_pct": 40, "ref": "OCC NPRM concentration detail (≤40% at any one eligible institution) — proposed-rule detail, not statute, kept visibly separate from the statutory eligible-asset list." }, { "institution": "Fund X", "amount_usd": 200000000, "pct_of_recomputed_reserves": 19.0476, "exceeds_concentration_ceiling": false, "provisional_nprm_detail": true, "ceiling_pct": 40, "ref": "OCC NPRM concentration detail (≤40% at any one eligible institution) — proposed-rule detail, not statute, kept visibly separate from the statutory eligible-asset list." } ], "reconciles": [ { "check": "reserves_vs_mmf_assets", "verdict": "RECONCILED", "detail": "Reserves attributed to the fund (840000000.00, 80.00% of recomputed reserves) vs Leg B total_net_assets (840000000): delta 0.0000%, tolerance 0.5%.", "as_of_skew_days": 0 }, { "check": "liabilities_vs_onchain_supply", "verdict": "RECONCILED", "detail": "Reported outstanding tokens (1000000000) vs declared on-chain supply (1000200000): delta 0.0200%, tolerance 0.5%.", "as_of_skew_days": 0 }, { "check": "wam_cross_check", "verdict": "RECONCILED", "detail": "Disclosure-recomputed WAM (20.00d) and EDGAR-reported WAM (21.00d) are within the 2-day tolerance. This comparison is directional, not exact, when the named fund holds only part of the issuer's reserves.", "as_of_skew_days": 0 } ], "not_proven": [ { "item": "Figure truthfulness", "detail": "This tool recomputes arithmetic on disclosed figures; it does not verify the underlying figures are true. Whether Leg A, Leg B, or Leg C's declared numbers are accurate is the declaring party's responsibility, not something this recomputation can determine." }, { "item": "Reserve composition completeness", "detail": "A per-asset-class breakdown that sums correctly to the stated total does not prove the breakdown lists every holding — an omitted line and an inflated line on another can cancel out undetected." }, { "item": "Snapshot currency", "detail": "Each leg is a point-in-time figure at its own declared as_of date. No leg is compared against \"today\" — this tool has no clock." }, { "item": "GENIUS compliance opinion", "detail": "Per-holding eligible-asset flags report criteria-match only. This tool produces no compliance opinion, no audit, and no examination — a reader wanting one is told this explicitly, never given a merged eligibility boolean." }, { "item": "PCAOB audit opinion", "detail": "This tool performs no audit and carries no PCAOB or other audit-firm opinion; it is a recompute-and-reconcile check only." } ], "determination_note": "overall_determination is a worst-of rollup of independent recompute-and-reconcile checks on disclosed figures. It is never a solvency claim, never an audit opinion, and never \"satisfies GENIUS\" — it states whether recomputed arithmetic, WAM, and three independently-sourced figures are internally consistent with each other, and nothing about whether the declared figures are themselves true.", "regulatory_framework": "GENIUS Act reserve-composition recompute (statute-derived eligible-asset enumeration + OCC NPRM concentration/WAM detail, see art-582/art-06/art-275 for the pre-issuance/statutory-restatement/report-timeliness siblings); SEC EDGAR N-MFP Part 1 series summary (U.S. government work, freely usable); not a PCAOB audit, not a third-party sign-off, not an examination." }, "golden_hash": "d50763f34b64dc5ed03286858a42341e68e091a92efdfe6a905321bffff4c338" }, { "name": "legs-missing-all-indeterminate", "policy_parameters": {}, "output_payload": { "overall_determination": "INDETERMINATE", "leg_a": { "as_of": null, "source_digest": null, "report_period": null, "period_end_date": null }, "leg_b": { "as_of": null, "source_digest": null, "accession_number": null, "filing_date": null }, "leg_c": { "as_of": null, "source_digest": null }, "max_as_of_skew_days_global": null, "as_of_skew_pairs": { "leg_a_vs_leg_b": null, "leg_a_vs_leg_c": null, "leg_b_vs_leg_c": null }, "as_of_skew_threshold_days": 10, "reserve_ratio": { "verdict": "INDETERMINATE", "detail": "Leg A not supplied. Reserve ratio cannot be recomputed.", "total_reserves_usd_recomputed": null, "breakdown_sum_consistency": null, "total_liabilities_usd": null, "coverage_ratio_pct": null }, "wam": { "wam_from_disclosure": { "value_days": null, "verdict": "INDETERMINATE", "detail": "Leg A not supplied. WAM-from-disclosure cannot be computed." }, "wam_from_edgar": { "value_days": null, "wam_source": "edgar_nmfp_reported", "detail": "Leg B not supplied. wam_days extraction unavailable." }, "wam_cross_check": { "verdict": "INDETERMINATE", "detail": "WAM cross-check requires both wam_from_disclosure and wam_from_edgar to be numeric." }, "wam_ceiling_check": { "verdict": "INDETERMINATE", "wam_source": null, "detail": "Neither WAM source is usable — ceiling check cannot be evaluated.", "ceiling_days": 20, "ceiling_ref": "OCC NPRM detail (research/GENIUS-FINALRULE-CHECK-2026-08-07.md) — NPRM, not final rule, re-verify at build time." } }, "genius_eligible_holdings": [], "provisional_nprm_detail": [], "reconciles": [ { "check": "reserves_vs_mmf_assets", "verdict": "INDETERMINATE", "detail": "Requires both a recomputed reserve total (Leg A) and total_net_assets (Leg B)." }, { "check": "liabilities_vs_onchain_supply", "verdict": "INDETERMINATE", "detail": "Requires both outstanding_tokens_reported (Leg A) and onchain_supply (Leg C)." }, { "check": "wam_cross_check", "verdict": "INDETERMINATE", "detail": "WAM cross-check requires both wam_from_disclosure and wam_from_edgar to be numeric.", "as_of_skew_days": null } ], "not_proven": [ { "item": "Figure truthfulness", "detail": "This tool recomputes arithmetic on disclosed figures; it does not verify the underlying figures are true. Whether Leg A, Leg B, or Leg C's declared numbers are accurate is the declaring party's responsibility, not something this recomputation can determine." }, { "item": "Reserve composition completeness", "detail": "A per-asset-class breakdown that sums correctly to the stated total does not prove the breakdown lists every holding — an omitted line and an inflated line on another can cancel out undetected." }, { "item": "Snapshot currency", "detail": "Each leg is a point-in-time figure at its own declared as_of date. No leg is compared against \"today\" — this tool has no clock." }, { "item": "GENIUS compliance opinion", "detail": "Per-holding eligible-asset flags report criteria-match only. This tool produces no compliance opinion, no audit, and no examination — a reader wanting one is told this explicitly, never given a merged eligibility boolean." }, { "item": "PCAOB audit opinion", "detail": "This tool performs no audit and carries no PCAOB or other audit-firm opinion; it is a recompute-and-reconcile check only." } ], "determination_note": "overall_determination is a worst-of rollup of independent recompute-and-reconcile checks on disclosed figures. It is never a solvency claim, never an audit opinion, and never \"satisfies GENIUS\" — it states whether recomputed arithmetic, WAM, and three independently-sourced figures are internally consistent with each other, and nothing about whether the declared figures are themselves true.", "regulatory_framework": "GENIUS Act reserve-composition recompute (statute-derived eligible-asset enumeration + OCC NPRM concentration/WAM detail, see art-582/art-06/art-275 for the pre-issuance/statutory-restatement/report-timeliness siblings); SEC EDGAR N-MFP Part 1 series summary (U.S. government work, freely usable); not a PCAOB audit, not a third-party sign-off, not an examination." }, "golden_hash": "5261cbcaad289ad8b24be68b2a12616ea6661294406e25c1ea30637f3d89470b" }, { "name": "skew-exceeds-threshold-indeterminate-reconciles", "policy_parameters": { "leg_a": { "report_period": "2027-02", "period_end_date": "2027-02-28", "as_of": "2027-02-28", "source_digest": "sha256:dddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddd", "total_reserves_usd": 500000000, "outstanding_tokens_reported": 500000000, "token_price": 1, "asset_breakdown": [ { "asset_class": "other_occ_approved", "amount_usd": 500000000, "maturity_bucket_days": 5 } ] }, "leg_b": { "as_of": "2027-01-01", "source_digest": "sha256:eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee", "accession_number": "0009999999-27-000001", "total_net_assets": 400000000, "wam_days": 25, "filing_date": "2027-01-10" }, "leg_c": { "as_of": "2027-02-15", "source_digest": "sha256:ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff", "onchain_supply": 700000000 } }, "output_payload": { "overall_determination": "INDETERMINATE", "leg_a": { "as_of": "2027-02-28", "source_digest": "sha256:dddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddd", "report_period": "2027-02", "period_end_date": "2027-02-28" }, "leg_b": { "as_of": "2027-01-01", "source_digest": "sha256:eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee", "accession_number": "0009999999-27-000001", "filing_date": "2027-01-10" }, "leg_c": { "as_of": "2027-02-15", "source_digest": "sha256:ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff" }, "max_as_of_skew_days_global": 58, "as_of_skew_pairs": { "leg_a_vs_leg_b": 58, "leg_a_vs_leg_c": 13, "leg_b_vs_leg_c": 45 }, "as_of_skew_threshold_days": 10, "reserve_ratio": { "verdict": "MET", "detail": "Recomputed reserves (500000000) cover 100.00% of liabilities (500000000), computed from the per-asset-class breakdown, not the stated top-line figure.", "total_reserves_usd_recomputed": 500000000, "breakdown_sum_consistency": { "stated_total_reserves_usd": 500000000, "recomputed_from_breakdown_usd": 500000000, "delta_pct": 0, "within_tolerance": true }, "total_liabilities_usd": 500000000, "coverage_ratio_pct": 100 }, "wam": { "wam_from_disclosure": { "value_days": 5, "verdict": null, "detail": "Weighted-average maturity recomputed from the per-asset-class breakdown: 5.00 days." }, "wam_from_edgar": { "value_days": 25, "wam_source": "edgar_nmfp_reported", "detail": "wam_days extracted directly from the N-MFP Part 1 series summary (accession 0009999999-27-000001). Extraction, not a recompute." }, "wam_cross_check": { "verdict": "INDETERMINATE", "detail": "Leg A vs Leg B as_of skew is 58 day(s), exceeding the 10-day threshold. Not compared as if same-date." }, "wam_ceiling_check": { "verdict": "MET", "wam_source": "disclosure_recomputed", "detail": "Best-available WAM (5.00d, source: disclosure_recomputed) is at or below the 20-day ceiling.", "ceiling_days": 20, "ceiling_ref": "OCC NPRM detail (research/GENIUS-FINALRULE-CHECK-2026-08-07.md) — NPRM, not final rule, re-verify at build time." } }, "genius_eligible_holdings": [ { "line_index": 0, "asset_class": "other_occ_approved", "amount_usd": 500000000, "verdict": "INDETERMINATE", "statutory_item": 7, "statutory_item_label": "Other similarly liquid, federal-government-issued assets as approved by the OCC (catch-all)", "detail": "Item 7 is the catch-all (\"other similarly liquid, federal-government-issued assets as approved by the OCC\") — a human judgment call, always INDETERMINATE, never auto-matched.", "ref": "GENIUS Act statutory eligible-asset enumeration (8 items) — sourced from statute text, pre-final-rule disclosure per GENIUS-FINALRULE-CHECK-1; catch-all item 7 always INDETERMINATE, never auto-matched." } ], "provisional_nprm_detail": [ { "institution": "other_occ_approved", "amount_usd": 500000000, "pct_of_recomputed_reserves": 100, "exceeds_concentration_ceiling": true, "provisional_nprm_detail": true, "ceiling_pct": 40, "ref": "OCC NPRM concentration detail (≤40% at any one eligible institution) — proposed-rule detail, not statute, kept visibly separate from the statutory eligible-asset list." } ], "reconciles": [ { "check": "reserves_vs_mmf_assets", "verdict": "INDETERMINATE", "detail": "Leg A vs Leg B as_of skew is 58 day(s), exceeding the 10-day threshold. Not compared as if same-date." }, { "check": "liabilities_vs_onchain_supply", "verdict": "INDETERMINATE", "detail": "Leg A vs Leg C as_of skew is 13 day(s), exceeding the 10-day threshold. Not compared as if same-date." }, { "check": "wam_cross_check", "verdict": "INDETERMINATE", "detail": "Leg A vs Leg B as_of skew is 58 day(s), exceeding the 10-day threshold. Not compared as if same-date.", "as_of_skew_days": 58 } ], "not_proven": [ { "item": "Figure truthfulness", "detail": "This tool recomputes arithmetic on disclosed figures; it does not verify the underlying figures are true. Whether Leg A, Leg B, or Leg C's declared numbers are accurate is the declaring party's responsibility, not something this recomputation can determine." }, { "item": "Reserve composition completeness", "detail": "A per-asset-class breakdown that sums correctly to the stated total does not prove the breakdown lists every holding — an omitted line and an inflated line on another can cancel out undetected." }, { "item": "Snapshot currency", "detail": "Each leg is a point-in-time figure at its own declared as_of date. No leg is compared against \"today\" — this tool has no clock." }, { "item": "GENIUS compliance opinion", "detail": "Per-holding eligible-asset flags report criteria-match only. This tool produces no compliance opinion, no audit, and no examination — a reader wanting one is told this explicitly, never given a merged eligibility boolean." }, { "item": "PCAOB audit opinion", "detail": "This tool performs no audit and carries no PCAOB or other audit-firm opinion; it is a recompute-and-reconcile check only." } ], "determination_note": "overall_determination is a worst-of rollup of independent recompute-and-reconcile checks on disclosed figures. It is never a solvency claim, never an audit opinion, and never \"satisfies GENIUS\" — it states whether recomputed arithmetic, WAM, and three independently-sourced figures are internally consistent with each other, and nothing about whether the declared figures are themselves true.", "regulatory_framework": "GENIUS Act reserve-composition recompute (statute-derived eligible-asset enumeration + OCC NPRM concentration/WAM detail, see art-582/art-06/art-275 for the pre-issuance/statutory-restatement/report-timeliness siblings); SEC EDGAR N-MFP Part 1 series summary (U.S. government work, freely usable); not a PCAOB audit, not a third-party sign-off, not an examination." }, "golden_hash": "dfb964449923f5aca3e735fe7ae8407e23511f58162ca49856665028de82bb7b" } ] }