{
  "schema": "alcum.attestation/1",
  "series": "SAMPLE-2026-B (hedged)",
  "network": "sepolia",
  "sample": true,
  "date": "2026-08-07",
  "valuation": {
    "nav": 243208.97,
    "units": 25000,
    "unitValue": 9.7284,
    "dealingPrice": 9.7284,
    "dealing": {
      "allocations": 0,
      "allocatedUsdc": 0,
      "unitsIssued": 0,
      "redemptions": 0,
      "unitsRetired": 0,
      "paidUsdc": 0,
      "nettedUsdc": 0,
      "netFlowUsdc": 0
    },
    "haircutWithheld": 6930,
    "highWaterMark": null,
    "operationalMark": null,
    "attribution": {
      "copperPrice": 0,
      "fx": 0,
      "operational": -765,
      "hedge": 1450,
      "haircuts": -6930,
      "fees": -10.25,
      "flows": 0
    },
    "attributionPerUnit": {
      "copperPrice": 0,
      "fx": 0,
      "operational": -0.0306,
      "hedge": 0.058,
      "haircuts": -0.2772,
      "fees": -0.00041,
      "flows": 0
    },
    "contributions": [
      {
        "eventId": "fee-2026-08-07",
        "type": "FEE_ACCRUAL",
        "note": "1.50 % p.a., one day on the NAV before fees",
        "effect": {
          "copperPrice": 0,
          "fx": 0,
          "operational": 0,
          "hedge": 0,
          "haircuts": 0,
          "fees": -10.25,
          "flows": 0
        }
      },
      {
        "eventId": "0f9f009a-2be5-4ec9-9a1f-90b605c48310",
        "type": "HEDGE_CLOSE",
        "note": "Temporary long hedge closed at purchase: exposure now in physical copper",
        "evidenceRef": "sha256:a9540b3bfda8",
        "effect": {
          "copperPrice": 0,
          "fx": 0,
          "operational": -60,
          "hedge": 1450,
          "haircuts": 0,
          "fees": 0,
          "flows": 0
        }
      },
      {
        "eventId": "7fc1127f-2442-4105-9630-32b599d9f33b",
        "type": "HEDGE_OPEN",
        "note": "Short copper hedge on the purchased inventory, 5 % margin",
        "evidenceRef": "sha256:e54b03efff75",
        "effect": {
          "copperPrice": 0,
          "fx": 0,
          "operational": -85,
          "hedge": 0,
          "haircuts": 0,
          "fees": 0,
          "flows": 0
        }
      },
      {
        "eventId": "42bb7ecf-67dd-4f1d-8e4f-d4db6ea96134",
        "type": "PURCHASE_PAID",
        "note": "Scrap copper paid to supplier; in transit at LME cash 14,260.01 USD/t",
        "evidenceRef": "sha256:eefcf4a853ab",
        "effect": {
          "copperPrice": 0,
          "fx": 0,
          "operational": -620,
          "hedge": 0,
          "haircuts": -6930,
          "fees": 0,
          "flows": 0
        }
      }
    ]
  },
  "inputs": {
    "eventLogSha256": "6f28ca1237c4dc6be86366225db18463b13f053d575f0f1a2a137b1917f01908",
    "eventCount": 7,
    "methodology": "design document §3.7 / owner checklist xCUP Share Price Update Events (revised), with §3.8 corrections"
  },
  "issuedAt": "2026-08-07T15:00:00.000Z",
  "signer": {
    "alg": "Ed25519",
    "publicKeyPem": "-----BEGIN PUBLIC KEY-----\nMCowBQYDK2VwAyEAK3Xme4H2XZPGZphfWnUzgoaNHm9nJleg2R+U9hC0ub8=\n-----END PUBLIC KEY-----\n",
    "kind": "dev-file"
  },
  "signature": "hl6O4oHyXqIT4i91dkFZqfeLxTAd55K+YBr8ThRKkrbl3CAH4XPYZ/Mvh2rPfVREJOxiA3z4Fzjuoqw5x/awBg=="
}