{
  "tool_id": "art-83-buy-in-exposure-modeler",
  "note": "golden_hash empty until first `node golden-parity.test.mjs --update`.",
  "vectors": [
    {
      "name": "default-inputs",
      "policy_parameters": {},
      "output_payload": {
        "total_buyin_exposure": 0,
        "total_cash_comp_exposure": 0,
        "buyin_triggered_count": 0,
        "total_fails": 0,
        "modeled_fails": [],
        "status_note": "CSDR Refit mandatory buy-in reform PENDING delegated acts (not yet in force as of Jun 2026). Buy-in exposure is modeled for planning purposes only.",
        "reference": {
          "regulation": "CSDR Reg. (EU) 909/2014 Art 7; CSDR Refit Reg. (EU) 2023/2845 (27 Nov 2023)",
          "extension_days_source": "CSDR Refit Art 7 extension periods (approximate calendar days — verify against business-day convention)",
          "note": "CSDR Refit mandatory buy-in reform suspended pending delegated acts. Verify adoption date and applicability from ESMA/EC publications before relying on buy-in trigger dates."
        },
        "note": "DECISION-SUPPORT DRAFT — buy-in exposure is a modeled estimate for planning purposes. Reference-price mark-up and cash compensation premium are configurable inputs. CSDR Refit buy-in reform applicability: verify current status against ESMA/EC publications (as of Jun 2026, delegated acts not yet in force)."
      },
      "golden_hash": "145a6c968f52345b0511d1ad52e34b67efa37d437761f610960bf128aef568bf"
    }
  ]
}