{
  "type": "ZkVmReceipt",
  "system": "risc0",
  "receiptFormat": "groth16-bn254",
  "imageId": "sha256:a1a0bc89b5b1febaeda3519f6dbade0fa5ac16beeb143c4e1b01689573567bc6",
  "seal": "G2YP7VhZjsia4ZRR2E4OUKUhIowAg/ZprMVWezsm/v4YIITYNisgCCH2stVA0GAnY+S4XNnixRn/zvsScHk8txmyTobbOSI/DvUXUAjl1SYV0B5fUtuyT3yE/vId23mSAxN7BM6aJqPrOyiy1RI2jlaYiopT8yUHAfv6QhjSzA4ckvzbYU56cRvnKEYmT+MGGrM12M6sNkhYOKqwdw+urQ3TdkwnewT/zpyEhIXOq2ecc5yhKlmptad5tvowesopC0wgBak5/KkSzVrOBKSi4bToZ/oAcfX7WzDt6rtl/Foj/5DLXBIFueWRuQqfjo3bDUv3+SA+R8LsQ1InWcaqhg==",
  "journal": {
    "chaingraph_version": "0.4.0",
    "kernel_digest": "sha256:712b7d6c95243d64d2a14195636f2436a56610776c59001a266d2dcf1691ef04",
    "output": {
      "buyin_triggered_count": 0,
      "modeled_fails": [],
      "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).",
      "reference": {
        "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.",
        "regulation": "CSDR Reg. (EU) 909/2014 Art 7; CSDR Refit Reg. (EU) 2023/2845 (27 Nov 2023)"
      },
      "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.",
      "total_buyin_exposure": 0,
      "total_cash_comp_exposure": 0,
      "total_fails": 0
    }
  }
}