{
  "type": "ZkVmReceipt",
  "system": "risc0",
  "receiptFormat": "groth16-bn254",
  "imageId": "sha256:a1a0bc89b5b1febaeda3519f6dbade0fa5ac16beeb143c4e1b01689573567bc6",
  "seal": "KydyquX+90JF7NmVHYVK9RIX84d4o7c3d6vXJNGyPI0X8irjbfoknOjWjKSqrhfHJtPjwQiYZ0cZbw7vbk/1xSW1NXXxOWjr+f2Tjhv/vKHi5O1I9zI7AgpsXNo2SVXHAbawlLENWo/hLqfDw/EP8go8Z3USvRI3OEBq9cH6Wzodz6ShkOuqsgqDBGNpPHJBgdksvVs5XGErHZ2oFCZHsC9iDMgq5pE4r9xAP1GfdyMxTb0dQxUBQLYJLQblpCrmFlueiXXRAhBkcTdW4g6npWSL//0isZu/hb1gsu8U1Z0CKENwowksojxvVDN62W4+DikzxoswefZsRrAdjUfWGA==",
  "journal": {
    "chaingraph_version": "0.4.0",
    "kernel_digest": "sha256:e67b9da9f48f588611dee11e1da315939919a5a8b20c287a02840be84ccad970",
    "output": {
      "average_annual_loss": 0,
      "bucket": 1,
      "business_indicator": 500000000,
      "business_indicator_component": 60000000,
      "constants_version": "BASEL-SMA-US-2026-PROPOSAL-2026-03-19",
      "fc_avg": 50000000,
      "ildc_avg": 300000000,
      "internal_loss_multiplier": 1,
      "loss_component": 0,
      "note": "Bucket coefficients applied MARGINALLY, not as a flat rate on the whole Business Indicator. ILM neutralization is a US-specific reproposal choice, not a BCBS-standard default -- set use_us_ilm_neutralization:false to model the non-neutralized ILM (BCBS d424 formula) with annual_op_losses supplied.",
      "operational_risk_capital": 60000000,
      "regulatory_basis": "BCBS d424 (Dec 2017 Basel III finalization) Standardized Measurement Approach for operational risk, as carried into the US Basel Endgame reproposal (three NPRs proposed 2026-03-19, comment period closed 2026-06-18): Business Indicator Component via marginal bucket coefficients (12%/15%/18% at $1bn/$30bn), Internal Loss Multiplier neutralized to 1 for US banking organizations per the reproposal (contested provision, subject to change at finalization), RWA = Operational Risk Capital x 12.5.",
      "rule_status": "proposed",
      "rwa": 750000000,
      "sc_avg": 150000000,
      "use_us_ilm_neutralization": true
    }
  }
}