Rights and permits
No real documents; obtain appropriate evidence before real commitment.
Evidence: unavailable · next gate: request and review
Fixture gap G1 · next role: owner-fixture
Decision condition: blocks real commitment
IBBC CAPITAL · SYNTHETIC-SAMPLE-01
SYNTHETIC DATA · NOT INVESTMENT ADVICE. Static snapshot from a saved local fixture workflow. No real project, client engagement, professional approval or funding offer. The temporary database was reopened to verify persistence, then removed. This page does not access a live account.
Proposed decision: request evidence and specialist review before any real capital commitment. Positive model results alone do not establish investability. Fixture task acceptance confirms a test workflow step, not resolution of the commercial gaps below.
Owner: prepare missing rights, cost and revenue evidence. Investor: check fit and downside against its own criteria. IBBC Capital: show assumptions, unresolved questions and accountable next steps. This common project example is not a specialist market-entry case.
| Criterion | Rule | Observed |
|---|---|---|
| C1 | Inspect base and downside NPV relative to zero | All three saved NPVs are negative at the assumed 12% discount rate; re-examine assumptions. This is not an investment recommendation. |
| C2 | No real commitment before evidence verification | Unresolved: rights, permits and commercial facts are unverified |
Base case initial outflow is 21.200 USD millions: CAPEX 20.000 plus initial working capital, derived from year-0 FCFF. Funding sources, debt/equity split and financing capacity are unknown; no debt service or DSCR is modelled.
| Scenario | NPV (USD m) | IRR (%) | Payback (years) |
|---|---|---|---|
| Base | -3.236 | 8.311 | 6.813 |
| Downside | -11.913 | -2.242 | Unavailable — see reason below |
| Upside | -0.349 | 11.617 | 5.947 |
IRR is stored as a decimal and displayed as a percentage. Payback is undiscounted; NPV discounts annual unlevered FCFF including year 0. No terminal/salvage value or debt; tax is an assumption, not legal advice. A dash means unavailable; inspect the calculation reasons below.
| Input | Base | Downside | Upside |
|---|---|---|---|
| Initial CAPEX (USD m) | 20.000 | 22.000 | 20.000 |
| Year-1 revenue (USD m) | 12.000 | 10.200 | 13.200 |
| Variable cost (% revenue) | 50.000 | 55.000 | 50.000 |
| Year-1 fixed OPEX (USD m) | 2.400 | 2.400 | 2.400 |
| Revenue growth (%/year) | 3.000 | 3.000 | 3.000 |
| Fixed-cost inflation (%/year) | 3.000 | 3.000 | 3.000 |
| Annual maintenance (USD m) | 0.400 | 0.400 | 0.400 |
| Working capital (% revenue) | 10.000 | 10.000 | 10.000 |
| Tax assumption (%) | 20.000 | 20.000 | 20.000 |
| Discount rate (%) | 12.000 | 12.000 | 12.000 |
| Model years | 10.000 | 10.000 | 10.000 |
| End-period WC release | No | No | No |
| Task | Status | Evidence ref | Preparer alias | Reviewer alias | Review source revision |
|---|---|---|---|---|---|
| readiness | ACCEPTED · fixture | sample-brief-v1 v1 | PREPARER-FIXTURE | REVIEWER-FIXTURE | 3 |
| analysis | ACCEPTED · fixture | sample-model-v1 v1 | PREPARER-FIXTURE | REVIEWER-FIXTURE | 5 |
| delivery | ACCEPTED · fixture | sample-report-v1 v1 | PREPARER-FIXTURE | REVIEWER-FIXTURE | 7 |
All evidence references and actors are fixtures. Separate user IDs were checked internally before export; aliases replace account identifiers. Acceptance is not a verification of rights, permits or commercial forecasts.
No real documents; obtain appropriate evidence before real commitment.
Evidence: unavailable · next gate: request and review
Fixture gap G1 · next role: owner-fixture
Decision condition: blocks real commitment
No contracts or quotations; validate the assumptions.
Evidence: unavailable · next gate: request and review
Fixture gap G2 · next role: analyst-fixture
Decision condition: requires commercial validation
No financing mandate, debt model or legal/tax opinion.
Evidence: unavailable · next gate: request and review
Fixture gap G3 · next role: reviewer-fixture
Decision condition: no financing conclusion
NPV -3.2357 USD m discounts FCFF at assumed 12% over 10 years including initial outflow 21.2000. No terminal/salvage value, debt or legal tax opinion.
IRR 8.3111% makes NPV approximately zero; one sign change. Unlevered project return, not guaranteed.
Payback 6.8131 years is the first cumulative crossing of zero, with even annual inflow interpolation; undiscounted and no guarantee later cash stays positive.
Year 0: FCFF -21.2000 USD m. EBIT 0.0000 - tax 0.0000 + depreciation 0.0000 - CAPEX 20.0000 - change in WC 1.2000 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=12×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 1: FCFF 2.8800 USD m. EBIT 1.6000 - tax 0.3200 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0000 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=12×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 2: FCFF 2.9304 USD m. EBIT 1.7080 - tax 0.3416 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0360 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=12×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 3: FCFF 3.0183 USD m. EBIT 1.8192 - tax 0.3638 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0371 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=12×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 4: FCFF 3.1089 USD m. EBIT 1.9338 - tax 0.3868 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0382 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=12×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 5: FCFF 3.2021 USD m. EBIT 2.0518 - tax 0.4104 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0393 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=12×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 6: FCFF 3.2982 USD m. EBIT 2.1734 - tax 0.4347 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0405 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=12×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 7: FCFF 3.3971 USD m. EBIT 2.2986 - tax 0.4597 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0417 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=12×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 8: FCFF 3.4991 USD m. EBIT 2.4275 - tax 0.4855 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0430 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=12×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 9: FCFF 3.6040 USD m. EBIT 2.5604 - tax 0.5121 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0443 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=12×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 10: FCFF 3.7121 USD m. EBIT 2.6972 - tax 0.5394 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0456 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=12×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
| Year | Revenue (USD m) | OPEX (USD m) | FCFF (USD m) |
|---|---|---|---|
| 0 | 0.000 | 0.000 | -21.200 |
| 1 | 12.000 | 8.400 | 2.880 |
| 2 | 12.360 | 8.652 | 2.930 |
| 3 | 12.731 | 8.912 | 3.018 |
| 4 | 13.113 | 9.179 | 3.109 |
| 5 | 13.506 | 9.454 | 3.202 |
| 6 | 13.911 | 9.738 | 3.298 |
| 7 | 14.329 | 10.030 | 3.397 |
| 8 | 14.758 | 10.331 | 3.499 |
| 9 | 15.201 | 10.641 | 3.604 |
| 10 | 15.657 | 10.960 | 3.712 |
NPV -11.9132 USD m discounts FCFF at assumed 12% over 10 years including initial outflow 23.0200. No terminal/salvage value, debt or legal tax opinion.
IRR -2.2418% makes NPV approximately zero; one sign change. Unlevered project return, not guaranteed.
No payback within 10 years: initial outflow 23.0200, cumulative final flow -2.8482 USD m; cumulative flow never reached zero. Later recovery remains unknown.
Year 0: FCFF -23.0200 USD m. EBIT 0.0000 - tax 0.0000 + depreciation 0.0000 - CAPEX 22.0000 - change in WC 1.0200 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=10.2×(1+3/100)^(year-1); OPEX=revenue×55/100+2.4×(1+3/100)^(year-1).
Year 1: FCFF 1.7900 USD m. EBIT -0.0100 - tax 0.0000 + depreciation 2.2000 - CAPEX 0.4000 - change in WC 0.0000 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=10.2×(1+3/100)^(year-1); OPEX=revenue×55/100+2.4×(1+3/100)^(year-1).
Year 2: FCFF 1.8140 USD m. EBIT 0.0557 - tax 0.0111 + depreciation 2.2000 - CAPEX 0.4000 - change in WC 0.0306 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=10.2×(1+3/100)^(year-1); OPEX=revenue×55/100+2.4×(1+3/100)^(year-1).
Year 3: FCFF 1.8672 USD m. EBIT 0.1234 - tax 0.0247 + depreciation 2.2000 - CAPEX 0.4000 - change in WC 0.0315 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=10.2×(1+3/100)^(year-1); OPEX=revenue×55/100+2.4×(1+3/100)^(year-1).
Year 4: FCFF 1.9220 USD m. EBIT 0.1931 - tax 0.0386 + depreciation 2.2000 - CAPEX 0.4000 - change in WC 0.0325 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=10.2×(1+3/100)^(year-1); OPEX=revenue×55/100+2.4×(1+3/100)^(year-1).
Year 5: FCFF 1.9785 USD m. EBIT 0.2649 - tax 0.0530 + depreciation 2.2000 - CAPEX 0.4000 - change in WC 0.0334 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=10.2×(1+3/100)^(year-1); OPEX=revenue×55/100+2.4×(1+3/100)^(year-1).
Year 6: FCFF 2.0366 USD m. EBIT 0.3388 - tax 0.0678 + depreciation 2.2000 - CAPEX 0.4000 - change in WC 0.0344 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=10.2×(1+3/100)^(year-1); OPEX=revenue×55/100+2.4×(1+3/100)^(year-1).
Year 7: FCFF 2.0965 USD m. EBIT 0.4150 - tax 0.0830 + depreciation 2.2000 - CAPEX 0.4000 - change in WC 0.0355 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=10.2×(1+3/100)^(year-1); OPEX=revenue×55/100+2.4×(1+3/100)^(year-1).
Year 8: FCFF 2.1582 USD m. EBIT 0.4934 - tax 0.0987 + depreciation 2.2000 - CAPEX 0.4000 - change in WC 0.0365 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=10.2×(1+3/100)^(year-1); OPEX=revenue×55/100+2.4×(1+3/100)^(year-1).
Year 9: FCFF 2.2217 USD m. EBIT 0.5742 - tax 0.1148 + depreciation 2.2000 - CAPEX 0.4000 - change in WC 0.0376 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=10.2×(1+3/100)^(year-1); OPEX=revenue×55/100+2.4×(1+3/100)^(year-1).
Year 10: FCFF 2.2872 USD m. EBIT 0.6575 - tax 0.1315 + depreciation 2.2000 - CAPEX 0.4000 - change in WC 0.0388 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=10.2×(1+3/100)^(year-1); OPEX=revenue×55/100+2.4×(1+3/100)^(year-1).
| Year | Revenue (USD m) | OPEX (USD m) | FCFF (USD m) |
|---|---|---|---|
| 0 | 0.000 | 0.000 | -23.020 |
| 1 | 10.200 | 8.010 | 1.790 |
| 2 | 10.506 | 8.250 | 1.814 |
| 3 | 10.821 | 8.498 | 1.867 |
| 4 | 11.146 | 8.753 | 1.922 |
| 5 | 11.480 | 9.015 | 1.978 |
| 6 | 11.825 | 9.286 | 2.037 |
| 7 | 12.179 | 9.564 | 2.097 |
| 8 | 12.545 | 9.851 | 2.158 |
| 9 | 12.921 | 10.147 | 2.222 |
| 10 | 13.309 | 10.451 | 2.287 |
NPV -0.3490 USD m discounts FCFF at assumed 12% over 10 years including initial outflow 21.3200. No terminal/salvage value, debt or legal tax opinion.
IRR 11.6175% makes NPV approximately zero; one sign change. Unlevered project return, not guaranteed.
Payback 5.9471 years is the first cumulative crossing of zero, with even annual inflow interpolation; undiscounted and no guarantee later cash stays positive.
Year 0: FCFF -21.3200 USD m. EBIT 0.0000 - tax 0.0000 + depreciation 0.0000 - CAPEX 20.0000 - change in WC 1.3200 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=13.2×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 1: FCFF 3.3600 USD m. EBIT 2.2000 - tax 0.4400 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0000 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=13.2×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 2: FCFF 3.4212 USD m. EBIT 2.3260 - tax 0.4652 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0396 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=13.2×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 3: FCFF 3.5238 USD m. EBIT 2.4558 - tax 0.4912 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0408 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=13.2×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 4: FCFF 3.6296 USD m. EBIT 2.5895 - tax 0.5179 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0420 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=13.2×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 5: FCFF 3.7384 USD m. EBIT 2.7271 - tax 0.5454 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0433 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=13.2×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 6: FCFF 3.8506 USD m. EBIT 2.8690 - tax 0.5738 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0446 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=13.2×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 7: FCFF 3.9661 USD m. EBIT 3.0150 - tax 0.6030 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0459 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=13.2×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 8: FCFF 4.0851 USD m. EBIT 3.1655 - tax 0.6331 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0473 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=13.2×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 9: FCFF 4.2076 USD m. EBIT 3.3204 - tax 0.6641 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0487 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=13.2×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
Year 10: FCFF 4.3339 USD m. EBIT 3.4800 - tax 0.6960 + depreciation 2.0000 - CAPEX 0.4000 - change in WC 0.0502 + recovery 0.0000. At year 0 use only -CAPEX -WC. Tax=max(EBIT,0)×20%; no loss carryforward. Revenue=13.2×(1+3/100)^(year-1); OPEX=revenue×50/100+2.4×(1+3/100)^(year-1).
| Year | Revenue (USD m) | OPEX (USD m) | FCFF (USD m) |
|---|---|---|---|
| 0 | 0.000 | 0.000 | -21.320 |
| 1 | 13.200 | 9.000 | 3.360 |
| 2 | 13.596 | 9.270 | 3.421 |
| 3 | 14.004 | 9.548 | 3.524 |
| 4 | 14.424 | 9.835 | 3.630 |
| 5 | 14.857 | 10.130 | 3.738 |
| 6 | 15.302 | 10.433 | 3.851 |
| 7 | 15.761 | 10.746 | 3.966 |
| 8 | 16.234 | 11.069 | 4.085 |
| 9 | 16.721 | 11.401 | 4.208 |
| 10 | 17.223 | 11.743 | 4.334 |
Illustrative risk appendix, not saved or accepted in the workflow database. All risks remain OPEN; task acceptance does not close risks. Likelihood, impact and residual risk are unassessed. Proposed controls are not implemented or verified; owners are fixture roles, not actual appointments.
OPEN · likelihood / impact / residual risk: unassessed
Missing evidence: No real rights, permits or disclosure authorisation.
Proposed control: Request document index and qualified verification; restrict disclosure until authorised.
Proposed role: Owner role; qualified legal reviewer
Review / stop condition: Do not make a real capital commitment while authority is unresolved.
Condition for considering closure: Relevant rights and authority independently assessed, with scope and date recorded.
OPEN · likelihood / impact / residual risk: unassessed
Missing evidence: No demand study, customer contract or cost quote; all model figures synthetic.
Proposed control: Validate sources and compare downside assumptions before revising the model.
Proposed role: Analyst role; separate reviewer
Review / stop condition: Re-review if material revenue/cost evidence changes; all saved NPVs currently negative at 12%.
Condition for considering closure: Evidence-backed assumptions and approved revision; commercial risk can remain.
OPEN · likelihood / impact / residual risk: unassessed
Missing evidence: No funding sources, cash commitments, debt schedule or lender conditions.
Proposed control: Prepare funding-needs timing and liquidity stress questions; obtain a separate validated debt model if needed.
Proposed role: Owner finance role; authorised funding reviewer
Review / stop condition: Do not infer funding capacity or DSCR from this unlevered model.
Condition for considering closure: Funding sources, timing and terms assessed by authorised parties; no outcome guarantee.
OPEN · likelihood / impact / residual risk: unassessed
Missing evidence: No verified contractor, procurement plan or delivery evidence.
Proposed control: Map dependencies, owners and acceptance evidence; review cost/schedule changes together.
Proposed role: Project coordination role; separate acceptance role
Review / stop condition: Re-review delayed milestones or scope changes before relying on an old report.
Condition for considering closure: Dependencies and acceptance evidence reviewed; unresolved items explicitly carried forward.
OPEN · likelihood / impact / residual risk: unassessed
Missing evidence: Synthetic model only; no professional review or production security assessment.
Proposed control: Keep source revisions, independent review, access checks and immutable report snapshots; test recovery.
Proposed role: Model preparer; reviewer; local operator roles
Review / stop condition: Request re-review when assumptions or source revision change; do not treat fixture approval as real approval.
Condition for considering closure: Documented review and scope-specific security controls verified; residual risk reassessed.
These are decision conditions for this sample, not an automated block on real-world transactions.
Appendix risk-demo-1 · source RISK_SPEC.json
SHA-256 (risk specification file): 7ac04e151a1fbdf9d05cc561952a263f2b168ed95d2dbd9ccccfe209c4b2702a
Fixture sample-report-demo-1; account sample MF-DEMO-001; report v1; report source revision 11; exported case revision 12; model mf-fcff-python-1.1.0.
Snapshot generated (UTC): 2026-10-23T11:25:01.011286+00:00
Workflow report timestamp (UTC): 2026-10-23T11:30:11+00:00
SHA-256 (canonical sanitised report JSON, UTF-8, sorted keys): 4ae2af46faed1438b55a0a4a7b649f45fc03498516036bb17e6c1822f485a991
Persistence check: new database connection returned the identical internal report hash. Temporary DB removed; only a sanitised static snapshot remains. No live account synchronisation, real client records, professional acceptance or funding outcome is claimed.