{
  "tool_id": "art-252-validate-cat-bond-trigger-terms",
  "kernel_id": "art-252-validate-cat-bond-trigger-terms",
  "display_name": "Cat Bond Trigger Terms Validator",
  "tool_version": "1.0.0",
  "mandate_type": "compliance_mandate",
  "purpose": "Validates catastrophe bond trigger term structure and computes layer arithmetic: attachment/exhaustion point ordering, pro-rata layer penetration factor, payout amount, and layer position (BELOW_ATTACHMENT / WITHIN_LAYER / ABOVE_EXHAUSTION). Cat bonds outstanding $63.9B Q1 2026 (record $25.6B issuance 2025). Validates ISDA/IAIS trigger term constraints including attachment > 0 and exhaustion > attachment. Use in parametric-trigger-adjudication chain downstream of trigger evaluation, or standalone in cat-bond-trigger-validation chain. ZERO PII.",
  "control_description": "Validates catastrophe bond trigger term structure and computes layer arithmetic: attachment/exhaustion point ordering, pro-rata layer penetration factor, payout amount, and layer position (BELOW_ATTACHMENT / WITHIN_LAYER / ABOVE_EXHAUSTION). Cat bonds outstanding $63.9B Q1 2026 (record $25.6B issuance 2025). Validates ISDA/IAIS trigger term constraints including attachment > 0 and exhaustion > attachment. Use in parametric-trigger-adjudication chain downstream of trigger evaluation, or standalone in cat-bond-trigger-validation chain. ZERO PII.",
  "declared_inputs": [
    "art-251-compute-parametric-trigger-payout"
  ],
  "declared_outputs": [],
  "kernel_digest": "sha256:2d69f187e9c32ff8b2bcd4346e912a0546f39bd91839fd9b301e67c13e36a438",
  "trust_label": "independently verified -- zkVM execution proof (risc0/groth16-bn254)",
  "data_vintage": "2026-07-10",
  "last_validated": "2026-07-10",
  "conformance_fixtures_vendored": true,
  "compute_proof_ready": "ready",
  "wave": 43,
  "source_url": "https://ainumbers.co/chaingraph/art-252-validate-cat-bond-trigger-terms.html",
  "generated_at": "2026-07-25T20:02:55.601Z"
}