{
  "tool_id": "art-44-arc-stablefx-model",
  "kernel_id": "art-44-arc-stablefx-model",
  "display_name": "Arc StableFX RFQ Economics Model",
  "tool_version": "1.0.0",
  "mandate_type": "treasury_mandate",
  "purpose": "Quantify Herstatt risk elimination and FX spread savings from Arc StableFX 24/7 atomic PvP settlement vs non-CLS bilateral FX. Methodology: BIS (Allsopp et al. 1996) Herstatt credit cost proxy via counterparty spread. PFMI P12 atomic settlement; BIS FX Global Code P35 netting.",
  "control_description": "Quantify Herstatt risk elimination and FX spread savings from Arc StableFX 24/7 atomic PvP settlement vs non-CLS bilateral FX. Methodology: BIS (Allsopp et al. 1996) Herstatt credit cost proxy via counterparty spread. PFMI P12 atomic settlement; BIS FX Global Code P35 netting.",
  "declared_inputs": [
    "art-42-arc-fit-diagnostic"
  ],
  "declared_outputs": [],
  "kernel_digest": "sha256:7fcfd2624025beb441f4018775a81c7e1d967809adfaff6b96cdde238bbf8d73",
  "trust_label": "deferred -- deterministic source published, zkVM proof not yet generated",
  "data_vintage": "2026-07-10",
  "last_validated": "2026-07-10",
  "conformance_fixtures_vendored": false,
  "compute_proof_ready": "ready",
  "wave": 10,
  "source_url": "https://ainumbers.co/chaingraph/art-44-arc-stablefx-model.html",
  "generated_at": "2026-07-25T20:02:55.601Z"
}