{
      "name": "hedge-effectiveness-documentation",
      "domain": "Corporate Treasury & FX",
      "title": "Hedge Effectiveness Documentation",
      "spec_version": "0.8.0",
      "wave": 44,
      "description": "Gated two-step chain for ASC 815 hedge accounting designation. Step 1 applies the dollar-offset test (80-125%) and OLS R-squared regression (>=0.8) for retrospective effectiveness. Gate on /is_effective: if false (INEFFECTIVE), the chain ends -- hedge accounting not permitted. Default (true, EFFECTIVE): Step 2 scores AFP 2024 cash-flow forecast accuracy for prospective effectiveness documentation required by ASC 815-20-35. ZERO PII BY CONSTRUCTION.",
      "composer_url": "https://ainumbers.co/chaingraph/chains/hedge-effectiveness-documentation.html",
      "regulatory_refs": [
        "ASC 815-20-35 (FASB Codification, hedge effectiveness assessment)",
        "ASC 815-20-25 (formal hedge documentation requirements)",
        "AFP Cash Forecasting Survey 2024 (prospective effectiveness benchmarks)"
      ],
      "steps": [
        {
          "tool_id": "art-261-test-hedge-effectiveness",
          "handoff": "ASC 815 dollar-offset ratio (80-125%) + OLS R-squared (>=0.8). Emits is_effective (bool), offset_ratio_pct, r_squared, compliance_flags. GATE: is_effective=false -> END (INEFFECTIVE). Default -> Step 2.",
          "gate": {
            "input": "/is_effective",
            "rules": [
              {
                "op": "eq",
                "value": false,
                "next": "end"
              }
            ],
            "default": "art-263-score-cash-forecast-accuracy"
          }
        },
        {
          "tool_id": "art-263-score-cash-forecast-accuracy",
          "handoff": "AFP 2024 MAPE/bias scoring of hedged cash-flow forecasts for prospective effectiveness evidence. Returns accuracy_tier and by_horizon breakdown. Final stage."
        }
      ]
    }