{
  "tool_id": "art-78-csdr-penalty-calculator",
  "note": "golden_hash empty until first `node golden-parity.test.mjs --update`.",
  "vectors": [
    {
      "name": "default-inputs",
      "policy_parameters": {},
      "output_payload": {
        "penalty_amount": 0,
        "daily_rate_bps": 1,
        "asset_class": "equity",
        "fail_days": 1,
        "partial_settled_pct": 0,
        "partial_credit": 0,
        "notional": 0,
        "batch_total_exposure": 0,
        "batch_detail": null,
        "rate_table_version": "CSDR-RTS-2025-10",
        "reference": {
          "regulation": "CSDR Reg. (EU) 909/2014 Art 7; Delegated Reg. 2017/389 as amended",
          "rts": "ESMA CSDR SDR RTS — Final Report 13 Oct 2025 (ESMA74-2119945926-3430)",
          "note": "Penalty rates: verify current edition at https://www.esma.europa.eu/. RTS Oct 2025 updated rate schedule — confirm rates in force."
        },
        "note": "DECISION-SUPPORT DRAFT — not a regulatory penalty notice. Penalty calculation is based on the versioned rate table; verify against current CSDR Delegated Reg. 2017/389 and ESMA RTS (13 Oct 2025). Partial-settlement credit applies proportionally. Reference price may differ from notional — use transaction reference price per CSDR methodology."
      },
      "golden_hash": "d48807935f8c6fca2e1f734424bc464ab9c1adb8d0214a1c552a136b8ed79c91"
    }
  ]
}