{
  "format": "vercy-enterprise-profile-candidate/v1",
  "contourId": "EM-FIN-06",
  "name": "Enterprise Investment Holding, Transaction and Valuation Binding",
  "decision": "PROFILE",
  "newRuntimeId": false,
  "bases": [
    "WM-ECO-038",
    "WM-ECO-002",
    "WM-ECO-016",
    "WM-ORG-001",
    "WM-ORG-012",
    "WM-ORG-018"
  ],
  "constraints": [
    "WM-ECO-038 owns security-backed positions, quantities, lots, rights, restrictions and successor history.",
    "Trade, settlement, availability, position change and posting remain distinct states or events.",
    "Contingent rights are excluded from current voting and ownership denominators.",
    "Value never establishes voting power, control or consolidation treatment.",
    "WM-ECO-002 owns valuation assertions and MUST state subjectKind from the closed set [\"investee\",\"instrument\",\"holding\",\"investment-participation\",\"investment-carrying-amount\"], plus basis, premise, method, assumptions, inputs, model version, currency, effective time, observation time, knowledge time, evidence digest and uncertainty. Values outside the set are rejected; the five kinds are never interchangeable and may coexist for one subject at one date.",
    "A valuation with subjectKind \"instrument\" MUST carry subjectRef plus subjectVersionRef. With \"holding\" it MUST carry positionRef plus the position's effective interval. With \"investee\" or \"investment-participation\" it MUST carry the revision identifier effective at the basis date. Unqualified subject references are rejected; a valuation is never resolvable across a version or revision boundary.",
    "Ownership percentage and voting power are derived assertions mastered outside Financial Instrument, Investment, WM-ECO-002 and WM-ECO-016; WM-ORG-012 is the nearest recorded owner of relationship and control assertions in this dossier. Inputs are restricted to present (non-contingent) rights on instrument versions and outstanding positions in WM-ECO-038.",
    "Conversion derecognizes the predecessor position and creates successor positions against the resulting instrument version in WM-ECO-038, with linked WM-ECO-016 postings; it never mutates the predecessor position, its cost lineage, its restrictions or any prior term version.",
    "Corporate-action corrections append successors; originals remain resolvable.",
    "UNBOUND: Economic events own acquisition, disposal, subscription, transfer and conversion occurrences while WM-ECO-016 owns their accounting postings.",
    "Supersession of a valuation is an explicit review act recording actor, authority, basis and knowledge time. It never deletes, overwrites or renders unresolvable the superseded assertion, its inputs, evidence, uncertainty or provenance. Two valuations sharing subject, subjectKind and basis date both persist; recency, review or currency conversion never reconciles them.",
    "WM-ORG-001 owns investee, investor, issuer and holder identity; issuer, holder, beneficial owner, nominee and custodian capacities are distinct role facts and are never collapsed into one party reference.",
    "WM-ORG-012 owns relationship and control assertions and never infers consolidation from ownership, value, price or any contingent right. Consolidation scope and consolidation run remain the unallocated EM-FIN-04 candidates and are out of scope here.",
    "WM-ORG-018 owns governance and decision authority. A valuation review may supersede a value and never confers, alters or evidences a right, vote, control relation or consolidation treatment."
  ],
  "holds": [
    "Financial Instrument and Investment remain unassigned.",
    "WM-ECO-038 relation and contingency conflicts require reconciliation.",
    "No denominator rule (treasury, suspended, unissued or partly-paid treatment) is specified in this dossier, and mastership of the percentage and voting-power computation is unadjudicated. No voting or ownership figure may be emitted under this profile.",
    "No corporate-action master is allocated; the conversion and corporate-action constraints bind to no named canonical root and are unenforceable until one is allocated.",
    "InvestmentTransaction is an unbound profile: only the WM-ECO-016 posting leg is bound. No InvestmentTransaction conformance, event identity or settlement semantics may be claimed until a trade/settlement event master is allocated.",
    "WM-ECO-002 has no approved outgoing relations; every binding to it in this profile is a draft.",
    "WM-ECO-038's registry row asserts EXTEND WM-ECO-005 while its spec treats the relation as REFERENCE and holds it; the conflict is unreconciled.",
    "WM-ECO-038 self-assesses 26 of 27 dimensions covered while carrying fourteen publication holds; self-assessment exceeds evidence and is not relied upon.",
    "All six bases are single- or dual-provider reviewable drafts with publishableCanonical false. No installability, conformance or publication readiness is claimed.",
    "Crosswalks (FIBO, ISO 20022, IFRS 9/13, IAS 32, XBRL), release pins, licences and acceptance fixtures are unverified; no standards conformance is asserted.",
    "Dual independent study (local, Claude, Grok) and the single frozen semantic audit are complete for EM-FIN-06. No external third-party review of the base specifications exists; absence of external review remains an open hold on every base."
  ],
  "canonicalPublishable": false,
  "modelId": null,
  "registryId": null,
  "catalogueId": null,
  "runtimeId": null,
  "allocationState": "unassigned",
  "baseBindings": [
    {
      "target": "WM-ECO-038",
      "relationState": "proposed-unapproved"
    },
    {
      "target": "WM-ECO-002",
      "relationState": "proposed-unapproved"
    },
    {
      "target": "WM-ECO-016",
      "relationState": "proposed-unapproved"
    },
    {
      "target": "WM-ORG-001",
      "relationState": "proposed-unapproved"
    },
    {
      "target": "WM-ORG-012",
      "relationState": "proposed-unapproved"
    },
    {
      "target": "WM-ORG-018",
      "relationState": "proposed-unapproved"
    }
  ],
  "unboundReferences": [
    "trade/settlement economic event master",
    "corporate action master",
    "portfolio/mandate master",
    "consolidation scope and consolidation run (EM-FIN-04 unassigned candidates)",
    "underlying-asset master"
  ],
  "bindingState": {
    "holding": "bound-to-WM-ECO-038",
    "valuation": "bound-to-WM-ECO-002",
    "posting": "bound-to-WM-ECO-016",
    "transaction": "unbound"
  }
}