[
  {
    "id": "a7f98e7e-fafd-42a9-bff6-32779cf82220",
    "date": "2026-08-03",
    "type": "FEE_RATE",
    "bps": 150,
    "note": "Management fee 1.50 % p.a., illustrative",
    "evidenceRef": "sha256:bd28451ac16e",
    "approvedBy": "seed-a / seed-b"
  },
  {
    "id": "bf9a2fe2-2fcb-4d4d-822c-df871295ae0e",
    "date": "2026-08-03",
    "type": "ALLOCATION",
    "note": "Issue price 10.0000",
    "units": 25000,
    "amount": 250000,
    "evidenceRef": "sha256:9fb03d676ebe",
    "approvedBy": "seed-a / seed-b"
  },
  {
    "id": "5c283600-decb-4265-86e5-8f39938d0b88",
    "date": "2026-08-04",
    "type": "FX_CONVERSION",
    "note": "USDC→EUR, FX fee + transfer + gas",
    "costs": 410,
    "evidenceRef": "sha256:e70205c68e14",
    "approvedBy": "seed-a / seed-b"
  },
  {
    "id": "8492aece-a524-4834-90df-caf315804efe",
    "date": "2026-08-04",
    "type": "HEDGE_OPEN",
    "note": "Temporary long copper hedge, 5 % margin",
    "costs": 95,
    "amount": 12000,
    "evidenceRef": "sha256:bfa40f553064",
    "approvedBy": "seed-a / seed-b"
  },
  {
    "id": "0f9f009a-2be5-4ec9-9a1f-90b605c48310",
    "date": "2026-08-07",
    "type": "HEDGE_CLOSE",
    "note": "Temporary long hedge closed at purchase: exposure now in physical copper",
    "costs": 60,
    "amount": 1450,
    "evidenceRef": "sha256:a9540b3bfda8",
    "approvedBy": "seed-a / seed-b"
  },
  {
    "id": "7fc1127f-2442-4105-9630-32b599d9f33b",
    "date": "2026-08-07",
    "type": "HEDGE_OPEN",
    "note": "Short copper hedge on the purchased inventory, 5 % margin",
    "costs": 85,
    "amount": 10000,
    "evidenceRef": "sha256:e54b03efff75",
    "approvedBy": "seed-a / seed-b"
  },
  {
    "id": "42bb7ecf-67dd-4f1d-8e4f-d4db6ea96134",
    "date": "2026-08-07",
    "type": "PURCHASE_PAID",
    "note": "Scrap copper paid to supplier; in transit at LME cash 14,260.01 USD/t",
    "costs": 620,
    "amount": 198000,
    "refPrice": 14260.01,
    "evidenceRef": "sha256:eefcf4a853ab",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "5dbc6f2c-464e-4b73-99ab-a6bfbfd3ed13",
    "date": "2026-08-10",
    "type": "COST",
    "note": "Inbound shipping, paid",
    "costs": 2850,
    "evidenceRef": "sha256:4066bf7da67f",
    "approvedBy": "seed-a / seed-b"
  },
  {
    "id": "3379acf9-3613-4415-aa97-98a48ec6d00f",
    "date": "2026-08-14",
    "type": "CUSTODY_RECEIPT",
    "kg": 13885,
    "note": "Received into custody, weight recorded",
    "amount": 198000,
    "evidenceRef": "sha256:4909873db846",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "68aaa08d-3a9d-4adc-a4d7-cdac97f59630",
    "date": "2026-08-14",
    "type": "INVENTORY_REVALUATION",
    "note": "Copper price −1.25 % since the last valuation (LME cash 14,082.01 USD/t)",
    "cause": "price",
    "amount": -2471.53,
    "refPrice": 14082.01,
    "evidenceRef": "sha256:a28f8be2780b",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "524cd91e-0dcf-4617-9242-e7a2ccf17225",
    "date": "2026-08-14",
    "type": "HEDGE_MARK",
    "note": "Short hedge mark: copper down, the hedge recovers most of what the inventory lost",
    "amount": 2359.19,
    "evidenceRef": "sha256:2fcfe6c20fa5",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "447d3221-d14a-4c8a-bada-45d3f87c52b2",
    "date": "2026-08-17",
    "type": "INVENTORY_REVALUATION",
    "note": "Copper price +0.37 % since the last valuation (LME cash 14,134.00 USD/t)",
    "cause": "price",
    "amount": 721.88,
    "refPrice": 14134,
    "evidenceRef": "sha256:ca9c16b7b268",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "2edaa1f9-4b16-4055-b488-47f1c5925a5f",
    "date": "2026-08-17",
    "type": "HEDGE_MARK",
    "note": "Short hedge mark: copper up, the hedge gives back what the inventory gained",
    "amount": 1670.12,
    "evidenceRef": "sha256:ed8f8f1a7098",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "feb96245-a78e-4efb-83bb-9a87c5e6689b",
    "date": "2026-08-18",
    "type": "INVENTORY_REVALUATION",
    "note": "Copper price +1.28 % since the last valuation (LME cash 14,315.00 USD/t)",
    "cause": "price",
    "amount": 2513.18,
    "refPrice": 14315,
    "evidenceRef": "sha256:8ca7e1ee4399",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "d7e9e511-69f8-4583-b9ff-762cef1b9524",
    "date": "2026-08-18",
    "type": "HEDGE_MARK",
    "note": "Short hedge mark: copper up, the hedge gives back what the inventory gained",
    "amount": -728.82,
    "evidenceRef": "sha256:fb6deb117087",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "bba25b7d-958f-4a8a-853f-e98744d4022b",
    "date": "2026-08-19",
    "type": "INVENTORY_REVALUATION",
    "note": "Initial assay: contained copper 0.8 % below estimate",
    "cause": "operational",
    "amount": -1600,
    "evidenceRef": "sha256:411d295d1dbc",
    "approvedBy": "seed-a / seed-b"
  },
  {
    "id": "8d90129b-14c7-4fb7-a385-189988aeff11",
    "date": "2026-08-19",
    "type": "INVENTORY_REVALUATION",
    "note": "Copper price −1.64 % since the last valuation (LME cash 14,080.01 USD/t)",
    "cause": "price",
    "amount": -3236.57,
    "refPrice": 14080.01,
    "evidenceRef": "sha256:859f6053eeb6",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "3d35868e-38d2-4931-bfa8-f8b232078006",
    "date": "2026-08-19",
    "type": "HEDGE_MARK",
    "note": "Short hedge mark: copper down, the hedge recovers most of what the inventory lost",
    "amount": 2360.63,
    "evidenceRef": "sha256:cdacbdbf1017",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "e2dfa05a-8b8d-44d9-98b1-31891066fbac",
    "date": "2026-08-20",
    "type": "INVENTORY_REVALUATION",
    "note": "Copper price −1.35 % since the last valuation (LME cash 13,890.00 USD/t)",
    "cause": "price",
    "amount": -2617.05,
    "refPrice": 13890,
    "evidenceRef": "sha256:4ecf82ca0812",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "d6d870af-c46c-4e01-9539-241c63a0dadd",
    "date": "2026-08-20",
    "type": "HEDGE_MARK",
    "note": "Short hedge mark: copper down, the hedge recovers most of what the inventory lost",
    "amount": 4858.72,
    "evidenceRef": "sha256:d46cb7d085f3",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "2e0d076d-977d-4964-94bb-a33c014b5fd0",
    "date": "2026-08-21",
    "type": "INVENTORY_REVALUATION",
    "note": "Copper price +0.58 % since the last valuation (LME cash 13,970.51 USD/t)",
    "cause": "price",
    "amount": 1108.88,
    "refPrice": 13970.51,
    "evidenceRef": "sha256:c77b1882b5d8",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "234d1164-e651-4a64-bf24-93db3c2c6293",
    "date": "2026-08-21",
    "type": "HEDGE_MARK",
    "note": "Short hedge mark: copper up, the hedge gives back what the inventory gained",
    "amount": 3800.25,
    "evidenceRef": "sha256:11073363d3f6",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "c7f50da2-637f-4b80-b89a-a47bfc60d7b0",
    "date": "2026-08-24",
    "type": "COST",
    "note": "Processing and storage, accrued",
    "costs": 4100,
    "evidenceRef": "sha256:bd9a4dce2815",
    "approvedBy": "seed-a / seed-b"
  },
  {
    "id": "ba3677cd-426b-4e81-b01d-08bcbdccf5fd",
    "date": "2026-08-24",
    "type": "INVENTORY_REVALUATION",
    "note": "Copper price +1.89 % since the last valuation (LME cash 14,235.00 USD/t)",
    "cause": "price",
    "amount": 3642.88,
    "refPrice": 14235,
    "evidenceRef": "sha256:04514e0879bb",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "be6a5d78-2474-4669-8824-eb345a9a939b",
    "date": "2026-08-24",
    "type": "HEDGE_MARK",
    "note": "Short hedge mark: copper up, the hedge gives back what the inventory gained",
    "amount": 322.95,
    "evidenceRef": "sha256:37f790714e96",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "c0a2aab4-5a52-4e23-8240-06e75dc8e199",
    "date": "2026-08-26",
    "type": "INVENTORY_REVALUATION",
    "note": "Copper price +0.44 % since the last valuation (LME cash 14,298.00 USD/t)",
    "cause": "price",
    "amount": 867.71,
    "refPrice": 14298,
    "evidenceRef": "sha256:073c3c7c0269",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "183ae388-ad31-4387-b9c0-70827c80fb0c",
    "date": "2026-08-26",
    "type": "HEDGE_MARK",
    "note": "Short hedge mark: copper up, the hedge gives back what the inventory gained",
    "amount": -505.32,
    "evidenceRef": "sha256:4f428ff0a96e",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "ec21d056-e741-4ab7-9e69-0bdbd0293237",
    "date": "2026-08-27",
    "type": "INVENTORY_REVALUATION",
    "note": "No revaluation on this day: the move against the real close stayed below the 0.25 % threshold",
    "cause": "price",
    "amount": 0,
    "refPrice": 14336.01,
    "evidenceRef": "sha256:27885d0b05cb",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "c01b38c7-8a62-494e-807d-360485999c0f",
    "date": "2026-08-27",
    "type": "HEDGE_MARK",
    "note": "Short hedge mark unchanged: copper did not move enough to revalue the inventory on this day",
    "amount": -505.32,
    "evidenceRef": "sha256:f1126eb14341",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "eb086c20-7d14-44c8-b342-9ac0ae6323ed",
    "date": "2026-08-28",
    "type": "INVENTORY_REVALUATION",
    "note": "Copper price −0.43 % since the last valuation (LME cash 14,236.01 USD/t)",
    "cause": "price",
    "amount": -853.8,
    "refPrice": 14236.01,
    "evidenceRef": "sha256:1e7e1764b400",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "c8ee682a-8815-4746-9f5a-68edd2b46f3a",
    "date": "2026-08-28",
    "type": "HEDGE_MARK",
    "note": "Short hedge mark: copper down, the hedge recovers most of what the inventory lost",
    "amount": 309.67,
    "evidenceRef": "sha256:d319ef5fb788",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "339f6b43-ec66-48b5-ac0d-b1daca10ad68",
    "date": "2026-08-31",
    "type": "INVENTORY_REVALUATION",
    "note": "Copper price +0.94 % since the last valuation (LME cash 14,370.00 USD/t)",
    "cause": "price",
    "amount": 1845.47,
    "refPrice": 14370,
    "evidenceRef": "sha256:04b0ac57b6aa",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "a03a5acd-8600-4784-9451-dc0802b8b818",
    "date": "2026-08-31",
    "type": "HEDGE_MARK",
    "note": "Short hedge mark: copper up, the hedge gives back what the inventory gained",
    "amount": -1451.91,
    "evidenceRef": "sha256:14f206fc528a",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "18635c93-8a23-45df-93ca-a8b339c5a5e2",
    "date": "2026-09-01",
    "type": "REFINED_CONFIRMED",
    "note": "Refined copper confirmed; carrying value at refined grade",
    "amount": 214500,
    "evidenceRef": "sha256:ba60fd609e9b",
    "approvedBy": "seed-a / seed-b"
  },
  {
    "id": "b8edf058-2d7b-4ed4-9249-e331b2ed2d17",
    "date": "2026-09-02",
    "type": "INVENTORY_REVALUATION",
    "note": "Copper price −1.08 % since the last valuation (LME cash 14,215.01 USD/t)",
    "cause": "price",
    "amount": -2313.53,
    "refPrice": 14215.01,
    "evidenceRef": "sha256:695a6f87f57d",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "81ac653b-4e0f-4a44-ab72-b703c868845d",
    "date": "2026-09-02",
    "type": "HEDGE_MARK",
    "note": "Short hedge mark: copper down, the hedge recovers most of what the inventory lost",
    "amount": 756.46,
    "evidenceRef": "sha256:369ae403e1c6",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "50b5457a-9c39-4202-bde0-bdc006017dcb",
    "date": "2026-09-02",
    "type": "INVENTORY_REVALUATION",
    "note": "No revaluation on this day: the move against the real close stayed below the 0.25 % threshold",
    "cause": "price",
    "amount": 0,
    "refPrice": 14215.01,
    "evidenceRef": "sha256:664ea620a5cd",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "6361a662-220d-44c3-9bc2-3ccc7bc51966",
    "date": "2026-09-02",
    "type": "HEDGE_MARK",
    "note": "Short hedge mark of the day, restated: this event and the mark submitted for the same day must carry the same absolute figure, or whichever lands last decides the hedge P&L",
    "amount": 756.46,
    "evidenceRef": "sha256:95f0548c712a",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "a491f961-0ff0-464f-91c0-df8ca61df73c",
    "date": "2026-09-04",
    "type": "SALE_PRICED",
    "kg": 13885,
    "note": "Sale contract priced with the buyer; inventory hedge closed the same day",
    "costs": 350,
    "amount": 223800,
    "evidenceRef": "sha256:4583586de8c6",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "09d64da1-840c-4251-aae8-2649c7c4d147",
    "date": "2026-09-04",
    "type": "HEDGE_CLOSE",
    "note": "Short hedge closed when the sale price was fixed; the mark of the day is realised",
    "costs": 70,
    "amount": 756.46,
    "evidenceRef": "sha256:1b35e0888b91",
    "approvedBy": "reprice-agent / igor"
  },
  {
    "id": "14474bb8-2a2e-416a-8227-cf783adab2cc",
    "date": "2026-09-08",
    "type": "COST",
    "note": "Outbound shipping and export documents",
    "costs": 1900,
    "evidenceRef": "sha256:68848734fec4",
    "approvedBy": "seed-a / seed-b"
  },
  {
    "id": "c05859ba-a2fd-470d-bff0-237a69f40733",
    "date": "2026-09-11",
    "type": "BUYER_PAYMENT",
    "note": "First buyer payment",
    "costs": 25,
    "amount": 150000,
    "evidenceRef": "sha256:aed58f8c75a2",
    "approvedBy": "seed-a / seed-b"
  },
  {
    "id": "bf42f093-545e-4d6d-a3ce-c94d4f0fa645",
    "date": "2026-09-15",
    "type": "BUYER_PAYMENT",
    "note": "Final settlement",
    "costs": 25,
    "amount": 73800,
    "evidenceRef": "sha256:b7ae56d5a35b",
    "approvedBy": "seed-a / seed-b"
  },
  {
    "id": "7081499e-1a85-438a-b6bb-4a85d3af4292",
    "date": "2026-09-17",
    "type": "ALLOCATION",
    "note": "Dealing 2026-09-17: allocation of 0xc439B2fb7a8C9682e2718A4898C5Eae6610E62e8, 5 USDC less ALCUM's entry fee 0.05",
    "amount": 4.95,
    "evidenceRef": "sha256:3171ea27ac63",
    "approvedBy": "igor / f.mueller"
  }
]