{
  "type": "ZkVmReceipt",
  "system": "risc0",
  "receiptFormat": "groth16-bn254",
  "imageId": "sha256:a1a0bc89b5b1febaeda3519f6dbade0fa5ac16beeb143c4e1b01689573567bc6",
  "seal": "FjvCwKAQVey2V3jinFzDcXX95JWL44pwTjBGC8ieuwUt/AtkNov+Zx7rCb5BPUDx0lotpHnPEPmx8GkW/UhoOwbgsy+QNO1utk5Ncg/BPwrGZkOgluMBtDfhtVFwrIgqLy+OgH8hcdCAoqraqlsY/BvnRg8WfczVwAciET8RdSAgFLNadsuibFxGkLbis1qzvJDQa2TgS5IETJLZy8TCeA2/o/SgSHZxObpwmCBLaxwz08KH/QP0yTTTWqk4yVSAG7oUJ17smuOYm/1oUTJpcijf2N6p82RcC+2xBhxIZqYpXc/4S2lwjTJaQVpJwdvfNgP0nJzjYVlRDi2JQK0qSg==",
  "journal": {
    "chaingraph_version": "0.4.0",
    "kernel_digest": "sha256:afd75d6663426db39230590951e6f665c53303dff3f98827c91c30ff6fb6d1b6",
    "output": {
      "business_indicator": 800000,
      "constants_version": "BASEL-2023-VS-2026-DELTA-2026-07-17-V1",
      "credit_rwa_2023": 6700000,
      "credit_rwa_2026": 4600000,
      "delta_capital": -192000,
      "delta_capital_pct": -0.3037974683544304,
      "delta_rwa": -2400000,
      "direction": "NET_RELIEF_2026_VS_2023",
      "disambiguation": "compare_basel_2023_vs_2026 is a representative-bucket credit + operational-risk capital-delta comparator, NOT an exhaustive regulatory RWA engine. rule_status:\"proposed\" -- final rule expected ~Q4 2026; this tool will be re-pinned at finalization. It does NOT replace compute_rwa_erba_2026 (art-355, exposure-level ERBA) or compute_oprisk_sma_2026 (art-356, full SMA) for production-grade single-rule-set computation.",
      "op_capital_2023": 96000,
      "op_capital_2026": 72000,
      "op_rwa_2023": 1200000,
      "op_rwa_2026": 900000,
      "portfolio_summary": [
        {
          "amount": 5000000,
          "asset_class": "residential_mortgage_low_ltv",
          "rw_2023": 0.4,
          "rw_2026": 0.2,
          "rwa_2023": 2000000,
          "rwa_2026": 1000000
        },
        {
          "amount": 3000000,
          "asset_class": "corporate_investment_grade",
          "rw_2023": 0.65,
          "rw_2026": 0.5,
          "rwa_2023": 1950000,
          "rwa_2026": 1500000
        },
        {
          "amount": 2000000,
          "asset_class": "retail_other",
          "rw_2023": 1,
          "rw_2026": 0.85,
          "rwa_2023": 2000000,
          "rwa_2026": 1700000
        },
        {
          "amount": 1000000,
          "asset_class": "off_balance_sheet_commitment",
          "rw_2023": 0.75,
          "rw_2026": 0.4,
          "rwa_2023": 750000,
          "rwa_2026": 400000
        }
      ],
      "referenced_tool_ids": {
        "erba_2026": "compute_rwa_erba_2026",
        "oprisk_sma_2026": "compute_oprisk_sma_2026"
      },
      "rule_status": "proposed",
      "source": "Basel III Endgame 2023 NPR (88 Fed. Reg. 64028, 2023-09-18) vs 2026 reproposal (three NPRs, 2026-03-19, comments closed 2026-06-18) -- representative credit-risk RW buckets + simplified operational-risk SMA business-indicator coefficient (BI <=1bn bucket, ILM neutralized both years pending US-variant confirmation). rule_status: proposed.",
      "total_capital_2023": 632000,
      "total_capital_2026": 440000,
      "total_rwa_2023": 7900000,
      "total_rwa_2026": 5500000,
      "unrecognized_asset_class": false
    }
  }
}