{
  "fcal_finance_evidence_pack": {
    "version": "1.0",
    "timestamp": "2026-02-27T12:00:00Z",
    "scenario_id": "FINANCE_SHARED_EXIT_KILL_002",
    "fund_nav_eur": 500000000,
    "proposed_actions": [
      {
        "source": "AI Alpha Engine",
        "asset": "ASSET_Z",
        "allocation_pct": 7.0
      },
      {
        "source": "AI Momentum Engine",
        "asset": "ASSET_Z",
        "allocation_pct": 6.0
      }
    ],
    "oracle_results": {
      "position": [
        {
          "oracle": "PositionOracle",
          "verdict": "COMPLIANT",
          "asset": "ASSET_Z",
          "proposed_pct": 7.0,
          "limit_pct": 10.0,
          "utilization": 0.7,
          "evidence": "Position 7.0% NAV \u2264 limit 10.0% NAV (utilization 0.70)"
        },
        {
          "oracle": "PositionOracle",
          "verdict": "COMPLIANT",
          "asset": "ASSET_Z",
          "proposed_pct": 6.0,
          "limit_pct": 10.0,
          "utilization": 0.6,
          "evidence": "Position 6.0% NAV \u2264 limit 10.0% NAV (utilization 0.60)"
        }
      ],
      "liquidity": [
        {
          "oracle": "LiquidityOracle",
          "verdict": "COMPLIANT",
          "asset": "ASSET_Z",
          "liquidation_days_normal": 1.8,
          "liquidation_days_stress": 3.5,
          "limit_days": 5,
          "evidence": "Liquidation: 1.8d normal, 3.5d stress \u2264 5d limit"
        },
        {
          "oracle": "LiquidityOracle",
          "verdict": "COMPLIANT",
          "asset": "ASSET_Z",
          "liquidation_days_normal": 1.5,
          "liquidation_days_stress": 3.0,
          "limit_days": 5,
          "evidence": "Liquidation: 1.5d normal, 3.0d stress \u2264 5d limit"
        }
      ],
      "coupling": {
        "oracle": "PortfolioCouplingOracle",
        "verdict": "UNACCEPTABLE",
        "combined_exposure_pct": 13.0,
        "concentration_limit_pct": 30.0,
        "concentration_utilization": 0.433,
        "combined_liquidation_days_stress": 6.5,
        "liquidation_limit_days": 5,
        "failure_mode": "SHARED_EXIT_CAPACITY_BREACH",
        "description": "Combined cluster position requires 6.5d to liquidate under stress (shared market depth), exceeding 5d policy limit. Each position is individually liquid, but they share one exit capacity. Correlated positions cannot exit independently under stress.",
        "individual_verdicts": {
          "position_1_ASSET_Z": "COMPLIANT",
          "position_2_ASSET_Z": "COMPLIANT",
          "liquidity_1_ASSET_Z": "COMPLIANT",
          "liquidity_2_ASSET_Z": "COMPLIANT"
        },
        "limiting_asset_id": "ASSET_Z",
        "limiting_asset_stress_adv_pct_nav": 2.0
      }
    },
    "final_verdict": "UNACCEPTABLE",
    "decision_trace": "Each oracle evaluated independently. Coupling oracle checked compositional constraints. All checks deterministic. No probabilistic confidence used. Axiom: Liquidity is not additive. Market depth is shared."
  }
}