{
  "type": "ZkVmReceipt",
  "system": "risc0",
  "receiptFormat": "groth16-bn254",
  "imageId": "sha256:a1a0bc89b5b1febaeda3519f6dbade0fa5ac16beeb143c4e1b01689573567bc6",
  "seal": "HldrQoQy+0HnbXiR2v82q+IPBFHXTncz4AdgrX+sadIZ7dK+iVrTnnIX4htr1CE0kU9KoRFYAaFwik/pVZZDCSDSBSgW5/MA/ca5Sj/agA12rl3p9/hRjRiF3E8EStjxF735stkxbmOLxkAFmklSk5NBxw37GTa/VDUiaDkCKBANAPZFZqi9J1jl3wwhdUcpojWBgJ7Q47luY3Oq0metmxmHKeIGHFAVj7dQnF12BikxieBG/N0UpICm2HbJte6BJjdBVuxictKsgoj1NRtvHQQIs4nwMbESYsXd6V237YEIQ+pNH3KSZ6DTV+UDSVL0XW2dmqzzrQifxtN+l2dyjA==",
  "journal": {
    "chaingraph_version": "0.4.0",
    "kernel_digest": "sha256:8f781a73d514cd1ee4db0e654c32b3a632a43e3a7fdd02cc1c2f881a6bfbd873",
    "output": {
      "binding_floor_year": null,
      "capital_impact_path": [
        {
          "applied_rwa": 800000,
          "binding": false,
          "floor_pct": 0.5,
          "floor_rwa": 500000,
          "incremental_rwa": 0,
          "year": 2025
        },
        {
          "applied_rwa": 800000,
          "binding": false,
          "floor_pct": 0.55,
          "floor_rwa": 550000,
          "incremental_rwa": 0,
          "year": 2026
        },
        {
          "applied_rwa": 800000,
          "binding": false,
          "floor_pct": 0.6,
          "floor_rwa": 600000,
          "incremental_rwa": 0,
          "year": 2027
        },
        {
          "applied_rwa": 800000,
          "binding": false,
          "floor_pct": 0.65,
          "floor_rwa": 650000,
          "incremental_rwa": 0,
          "year": 2028
        },
        {
          "applied_rwa": 800000,
          "binding": false,
          "floor_pct": 0.7,
          "floor_rwa": 700000,
          "incremental_rwa": 0,
          "year": 2029
        },
        {
          "applied_rwa": 800000,
          "binding": false,
          "floor_pct": 0.725,
          "floor_rwa": 725000,
          "incremental_rwa": 0,
          "year": 2030
        }
      ],
      "floor_ever_binds": false,
      "internal_model_rwa": 800000,
      "max_incremental_rwa": 0,
      "note": "Phase-in schedule (years and floor percentages) is supplied by the caller from their own jurisdiction’s finalized or proposed rule text -- this kernel applies the published floor mechanic and never vendors or hardcodes a phase-in table.",
      "regulatory_basis": "Basel III finalization output floor (BCBS d424 / 2026 US reproposal): applied RWA = max(internal-model RWA, floor% x standardized RWA).",
      "rule_status": "proposed",
      "standardized_rwa": 1000000
    }
  }
}