{
  "tool_id": "art-479-compare-receivables-finance-economics",
  "kernel_id": "art-479-compare-receivables-finance-economics",
  "display_name": "Forfaiting vs Factoring vs Invoice Discounting Economics",
  "tool_version": "1.0.0",
  "mandate_type": "analytics_mandate",
  "purpose": "Compares net proceeds and effective annual cost across forfaiting (medium/long-term trade receivables, non-recourse PV discount), factoring with recourse, factoring without recourse, and invoice discounting for a receivables portfolio. Models advance rates, discount rates, service fees, and arrangement costs; returns per-instrument net proceeds, effective annual cost, a cost ranking, and the cheapest/highest-proceeds instrument. Provable node counterpart to tools/425-forfaiting-factoring-economics.html.",
  "control_description": "Compares net proceeds and effective annual cost across forfaiting (medium/long-term trade receivables, non-recourse PV discount), factoring with recourse, factoring without recourse, and invoice discounting for a receivables portfolio. Models advance rates, discount rates, service fees, and arrangement costs; returns per-instrument net proceeds, effective annual cost, a cost ranking, and the cheapest/highest-proceeds instrument. Provable node counterpart to tools/425-forfaiting-factoring-economics.html.",
  "declared_inputs": [],
  "declared_outputs": [],
  "kernel_digest": "sha256:ff2eabad532dc59453467b36302b88c0ac41425aca4e48f9524b89d928c33878",
  "trust_label": "independently verified -- zkVM execution proof (risc0/groth16-bn254)",
  "data_vintage": "2026-07-25",
  "last_validated": "2026-07-25",
  "conformance_fixtures_vendored": true,
  "compute_proof_ready": "ready",
  "wave": 65,
  "source_url": "https://ainumbers.co/chaingraph/art-479-compare-receivables-finance-economics.html",
  "generated_at": "2026-07-27T13:08:52.746Z"
}