{
  "schema": "alcum.attestation/1",
  "series": "SAMPLE-2026-B (hedged)",
  "network": "sepolia",
  "sample": true,
  "date": "2026-08-17",
  "valuation": {
    "nav": 242243.7,
    "units": 25000,
    "unitValue": 9.6897,
    "dealingPrice": 9.6897,
    "dealing": {
      "allocations": 0,
      "allocatedUsdc": 0,
      "unitsIssued": 0,
      "redemptions": 0,
      "unitsRetired": 0,
      "paidUsdc": 0,
      "nettedUsdc": 0,
      "netFlowUsdc": 0
    },
    "haircutWithheld": 4906.26,
    "highWaterMark": null,
    "operationalMark": null,
    "attribution": {
      "copperPrice": 721.88,
      "fx": 0,
      "operational": 0,
      "hedge": -689.07,
      "haircuts": -18.05,
      "fees": -9.96,
      "flows": 0
    },
    "attributionPerUnit": {
      "copperPrice": 0.028875,
      "fx": 0,
      "operational": 0,
      "hedge": -0.027563,
      "haircuts": -0.000722,
      "fees": -0.000398,
      "flows": 0
    },
    "contributions": [
      {
        "eventId": "fee-2026-08-17",
        "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": -9.96,
          "flows": 0
        }
      },
      {
        "eventId": "447d3221-d14a-4c8a-bada-45d3f87c52b2",
        "type": "INVENTORY_REVALUATION",
        "note": "Copper price +0.37 % since the last valuation (LME cash 14,134.00 USD/t)",
        "evidenceRef": "sha256:ca9c16b7b268",
        "effect": {
          "copperPrice": 721.88,
          "fx": 0,
          "operational": 0,
          "hedge": 0,
          "haircuts": -18.05,
          "fees": 0,
          "flows": 0
        }
      },
      {
        "eventId": "2edaa1f9-4b16-4055-b488-47f1c5925a5f",
        "type": "HEDGE_MARK",
        "note": "Short hedge mark: copper up, the hedge gives back what the inventory gained",
        "evidenceRef": "sha256:ed8f8f1a7098",
        "effect": {
          "copperPrice": 0,
          "fx": 0,
          "operational": 0,
          "hedge": -689.07,
          "haircuts": 0,
          "fees": 0,
          "flows": 0
        }
      }
    ]
  },
  "inputs": {
    "eventLogSha256": "4fa4706e8586ae32ae2f5c058452e56af36271e7841abf312d9e89336f1a42c1",
    "eventCount": 13,
    "methodology": "design document §3.7 / owner checklist xCUP Share Price Update Events (revised), with §3.8 corrections"
  },
  "issuedAt": "2026-08-17T15:00:00.000Z",
  "signer": {
    "alg": "Ed25519",
    "publicKeyPem": "-----BEGIN PUBLIC KEY-----\nMCowBQYDK2VwAyEAK3Xme4H2XZPGZphfWnUzgoaNHm9nJleg2R+U9hC0ub8=\n-----END PUBLIC KEY-----\n",
    "kind": "dev-file"
  },
  "signature": "Otowv5R0gA6NYqtJV534YWA7ZPVBk8xg9od/DnuxauUQbB0aQxv8vLJYhf5y3efz+kBJb1rgHvfhLLq0mlMRAQ=="
}