{
  "schema": "alcum.attestation/1",
  "series": "SAMPLE-2026-B (hedged)",
  "network": "sepolia",
  "sample": true,
  "date": "2026-08-26",
  "valuation": {
    "nav": 236561.26,
    "units": 25000,
    "unitValue": 9.4625,
    "dealingPrice": 9.4625,
    "dealing": {
      "allocations": 0,
      "allocatedUsdc": 0,
      "unitsIssued": 0,
      "redemptions": 0,
      "unitsRetired": 0,
      "paidUsdc": 0,
      "nettedUsdc": 0,
      "netFlowUsdc": 0
    },
    "haircutWithheld": 4923.23,
    "highWaterMark": null,
    "operationalMark": null,
    "attribution": {
      "copperPrice": 867.71,
      "fx": 0,
      "operational": 0,
      "hedge": -828.27,
      "haircuts": -21.69,
      "fees": -9.73,
      "flows": 0
    },
    "attributionPerUnit": {
      "copperPrice": 0.034708,
      "fx": 0,
      "operational": 0,
      "hedge": -0.033131,
      "haircuts": -0.000868,
      "fees": -0.000389,
      "flows": 0
    },
    "contributions": [
      {
        "eventId": "fee-2026-08-26",
        "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": -9.73,
          "flows": 0
        }
      },
      {
        "eventId": "c0a2aab4-5a52-4e23-8240-06e75dc8e199",
        "type": "INVENTORY_REVALUATION",
        "note": "Copper price +0.44 % since the last valuation (LME cash 14,298.00 USD/t)",
        "evidenceRef": "sha256:073c3c7c0269",
        "effect": {
          "copperPrice": 867.71,
          "fx": 0,
          "operational": 0,
          "hedge": 0,
          "haircuts": -21.69,
          "fees": 0,
          "flows": 0
        }
      },
      {
        "eventId": "183ae388-ad31-4387-b9c0-70827c80fb0c",
        "type": "HEDGE_MARK",
        "note": "Short hedge mark: copper up, the hedge gives back what the inventory gained",
        "evidenceRef": "sha256:4f428ff0a96e",
        "effect": {
          "copperPrice": 0,
          "fx": 0,
          "operational": 0,
          "hedge": -828.27,
          "haircuts": 0,
          "fees": 0,
          "flows": 0
        }
      }
    ]
  },
  "inputs": {
    "eventLogSha256": "d72b80124f2b6626c350ac23981eefa7fcd7298cfb090826ce3e6f1223d59794",
    "eventCount": 27,
    "methodology": "design document §3.7 / owner checklist xCUP Share Price Update Events (revised), with §3.8 corrections"
  },
  "issuedAt": "2026-08-26T15:00:00.000Z",
  "signer": {
    "alg": "Ed25519",
    "publicKeyPem": "-----BEGIN PUBLIC KEY-----\nMCowBQYDK2VwAyEAK3Xme4H2XZPGZphfWnUzgoaNHm9nJleg2R+U9hC0ub8=\n-----END PUBLIC KEY-----\n",
    "kind": "dev-file"
  },
  "signature": "R9vt4/Z5ynXZ6fSlnaCpZ2Rk5b4Vara7XJTp1a7XQVW0sySBASTd+JgHiijaHSy+/2zbyNYuxN0x7HF3PUxLBg=="
}