{
  "schema": "alcum.attestation/1",
  "series": "SAMPLE-2026-B (hedged)",
  "network": "sepolia",
  "sample": true,
  "date": "2026-08-21",
  "valuation": {
    "nav": 240598.36,
    "units": 25000,
    "unitValue": 9.6239,
    "dealingPrice": 9.6239,
    "dealing": {
      "allocations": 0,
      "allocatedUsdc": 0,
      "unitsIssued": 0,
      "redemptions": 0,
      "unitsRetired": 0,
      "paidUsdc": 0,
      "nettedUsdc": 0,
      "netFlowUsdc": 0
    },
    "haircutWithheld": 4810.47,
    "highWaterMark": null,
    "operationalMark": null,
    "attribution": {
      "copperPrice": 1108.88,
      "fx": 0,
      "operational": 0,
      "hedge": -1058.47,
      "haircuts": -27.72,
      "fees": -9.89,
      "flows": 0
    },
    "attributionPerUnit": {
      "copperPrice": 0.044355,
      "fx": 0,
      "operational": 0,
      "hedge": -0.042339,
      "haircuts": -0.001109,
      "fees": -0.000396,
      "flows": 0
    },
    "contributions": [
      {
        "eventId": "fee-2026-08-21",
        "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": -9.89,
          "flows": 0
        }
      },
      {
        "eventId": "2e0d076d-977d-4964-94bb-a33c014b5fd0",
        "type": "INVENTORY_REVALUATION",
        "note": "Copper price +0.58 % since the last valuation (LME cash 13,970.51 USD/t)",
        "evidenceRef": "sha256:c77b1882b5d8",
        "effect": {
          "copperPrice": 1108.88,
          "fx": 0,
          "operational": 0,
          "hedge": 0,
          "haircuts": -27.72,
          "fees": 0,
          "flows": 0
        }
      },
      {
        "eventId": "234d1164-e651-4a64-bf24-93db3c2c6293",
        "type": "HEDGE_MARK",
        "note": "Short hedge mark: copper up, the hedge gives back what the inventory gained",
        "evidenceRef": "sha256:11073363d3f6",
        "effect": {
          "copperPrice": 0,
          "fx": 0,
          "operational": 0,
          "hedge": -1058.47,
          "haircuts": 0,
          "fees": 0,
          "flows": 0
        }
      }
    ]
  },
  "inputs": {
    "eventLogSha256": "62b508f22ec99dc7dd70db750ed73587a82a6e7de09eac9950202b17f67bf4ae",
    "eventCount": 22,
    "methodology": "design document §3.7 / owner checklist xCUP Share Price Update Events (revised), with §3.8 corrections"
  },
  "issuedAt": "2026-08-21T15:00:00.000Z",
  "signer": {
    "alg": "Ed25519",
    "publicKeyPem": "-----BEGIN PUBLIC KEY-----\nMCowBQYDK2VwAyEAK3Xme4H2XZPGZphfWnUzgoaNHm9nJleg2R+U9hC0ub8=\n-----END PUBLIC KEY-----\n",
    "kind": "dev-file"
  },
  "signature": "ZmRYbdB3Z6Yy0Q/3YBWkEJxbNWw0lRdyx2ZpMX0Oe6te7LsOJgvUAdZdlD+UPPGpruJ9Ke65FOT3Sib+iaWdBg=="
}