{
  "tool_id": "qfa-03-stress-test-engine",
  "note": "golden_hash empty until first `node golden-parity.test.mjs --update`.",
  "vectors": [
    {
      "name": "default-inputs",
      "policy_parameters": {},
      "output_payload": {
        "verdict": "HIGH_STRESS_EXPOSURE",
        "worst_case_scenario": "gfc_2008",
        "worst_case_loss": 0.462,
        "stressed_var_pct": 0.698464,
        "stressed_es_pct": 0.731728,
        "normal_var_pct": 0.064241,
        "stress_multiplier": 10.8726,
        "max_drawdown": 0.462,
        "recovery_days_estimate": 6160,
        "scenario_losses": {
          "gfc_2008": 0.462,
          "covid_2020": 0.324,
          "dotcom_bust": 0.375,
          "lehman_week": 0.1625,
          "rate_shock": 0.285,
          "svb_2023": 0.245
        },
        "scenario_details": [
          {
            "id": "gfc_2008",
            "label": "GFC Peak (Oct 2008)",
            "equityShock": -0.42,
            "creditShock": 0.06,
            "rateShock": -0.02,
            "volMult": 3,
            "horizon": 10,
            "equityLoss": 0.252,
            "creditLoss": 0.15,
            "rateLoss": 0.06,
            "totalLoss": 0.462,
            "stressedVar": 0.679456,
            "stressedES": 0.708522,
            "recoveryDays": 6160
          },
          {
            "id": "covid_2020",
            "label": "COVID Crash (Mar 2020)",
            "equityShock": -0.34,
            "creditShock": 0.03,
            "rateShock": -0.015,
            "volMult": 2.8,
            "horizon": 10,
            "equityLoss": 0.204,
            "creditLoss": 0.075,
            "rateLoss": 0.045,
            "totalLoss": 0.324,
            "stressedVar": 0.52097,
            "stressedES": 0.541549,
            "recoveryDays": 4320
          },
          {
            "id": "dotcom_bust",
            "label": "Dot-com Bust (2000–02)",
            "equityShock": -0.45,
            "creditShock": 0.012,
            "rateShock": -0.025,
            "volMult": 2.2,
            "horizon": 20,
            "equityLoss": 0.27,
            "creditLoss": 0.03,
            "rateLoss": 0.075,
            "totalLoss": 0.375,
            "stressedVar": 0.598109,
            "stressedES": 0.614064,
            "recoveryDays": 5000
          },
          {
            "id": "lehman_week",
            "label": "Lehman Week (Sep 2008)",
            "equityShock": -0.1,
            "creditShock": 0.035,
            "rateShock": 0.005,
            "volMult": 4.5,
            "horizon": 5,
            "equityLoss": 0.06,
            "creditLoss": 0.0875,
            "rateLoss": 0.015,
            "totalLoss": 0.1625,
            "stressedVar": 0.387848,
            "stressedES": 0.426933,
            "recoveryDays": 2167
          },
          {
            "id": "rate_shock",
            "label": "Rate Shock (2022)",
            "equityShock": -0.2,
            "creditShock": 0.018,
            "rateShock": 0.04,
            "volMult": 1.8,
            "horizon": 20,
            "equityLoss": 0.12,
            "creditLoss": 0.045,
            "rateLoss": 0.12,
            "totalLoss": 0.285,
            "stressedVar": 0.464884,
            "stressedES": 0.484122,
            "recoveryDays": 3800
          },
          {
            "id": "svb_2023",
            "label": "SVB Contagion (Mar 2023)",
            "equityShock": -0.3,
            "creditShock": 0.02,
            "rateShock": 0.005,
            "volMult": 2.4,
            "horizon": 5,
            "equityLoss": 0.18,
            "creditLoss": 0.05,
            "rateLoss": 0.015,
            "totalLoss": 0.245,
            "stressedVar": 0.372546,
            "stressedES": 0.384756,
            "recoveryDays": 3267
          }
        ],
        "compliance_flags": [
          "PILLAR2_CAPITAL_BUFFER_REQUIRED",
          "EBA_GL_2018_04_STRESS_TEST_APPLIED",
          "BASEL3_PILLAR2_ICAAP_STRESS_ASSESSED"
        ]
      },
      "golden_hash": "0192435f68d12ce43ed8f012adf81b44ef20118ac6e353a7d6568f87c2c9b0eb"
    }
  ]
}