Marcus Hale Senior Operations Analyst

DA end-to-end workflow

Seeded demo data

Trace one asset from source transaction to custody instruction. This view is observational — decisions and custody responses are backend-owned.

Identifier type
Identifier
Any linked identifier resolves to the same journey.

DA-2026-004417

PR-TD-DA Constructed Custody instruction issued · mock

Vantage Retail Group → Ashford Foods plc · £2,450,000.00 · PR Trade Receivables I (VLT-00312)

Current stage9 of 10 · Custody instruction
Action requiredNone
Blocking reason—
OwnerServicer (automated)
Stage age / SLA4m 12s / 30m
End-to-end elapsed15s to construction

Asset journey

Every stage is recorded with canonical identifiers and audit references

✓
1 · Source transaction received PrimeRevenue 14:26:02.114
source_event_id
SEV-PR-2026-104388
source_payload_id
SPL-PR-2026-99120
Schema version
v3.1
Payload hash
sha256:9f3a2c…41c1e2
Obligation created · buyer-confirmed trade receivable View event →
✓
2 · Payload stored & checked Servicer intake 14:26:03.048 · +0.9s
Idempotency
New — no prior submission under this key
Duplicate check
Passed
Schema validation
Passed · v3.1 registered
✓
3 · Collateral & evidence validated Servicer normalization 14:26:05.221 · +2.2s
Buyer (obligor)
Vantage Retail Group
Supplier
Ashford Foods plc
Amount
£2,450,000.00 GBP
Tenor / maturity
74 days · 27 Sep 2026
Evidence checks
All passed — no reason codes raised
✓
4 · Active policy context resolved Servicer orchestration 14:26:06.310 · +1.1s
fi_id
FI-00417 · Meridian Capital Partners
vault_id
VLT-00312 · PR Trade Receivables I
policy_version_id
POLV-2026-0032 (v3.2, active)
Context snapshot
CTX-SNAP-77401
✓
5 · Pricing & packaging Servicer pricing 14:26:08.472 · +2.2s
Face value
£2,450,000.00
Purchase price
£2,421,414.90
Discount
£28,585.10
Effective APR
5.82%
Servicer fee
£1,837.50
Platform fee
£612.50
Completeness
Complete — fee-adjusted economics resolved
✓
6 · DA proposal constructed Servicer construction 14:26:09.105 · +0.6s
normalized_asset_proposal_id
NAP-2026-081142
da_proposal_id
DAP-2026-018452
DA type
PR-TD-DA

A proposal is not a Digital Asset — the DA record exists only after policy acceptance and construction (stage 8).

✓
7 · Policy validation Policy Application 14:26:14.883 · +5.8s
policy_decision_id
PDC-2026-044091
policy_version_id
POLV-2026-0032 (v3.2)
Outcome
Accepted · 14 of 14 rules passed
Final DA creation
Allowed
Rule-by-rule results in the decision panel View decision →
✓
8 · Final DA package created Servicer construction 14:26:16.502 · +1.6s
da_id
DA-2026-004417
Lifecycle state
Constructed
Package reference
PKG-2026-004417
Package hash
sha256:41bc09…7288d0
9
9 · Custody / registry instruction Custody adapter · provider-neutral 14:26:17.240 · +0.7s
custody_instruction_id
CIN-2026-006233
Instruction type
Registration & control transfer
Contract
Canonical custody contract · provider-neutral
Status
Submitted · mock adapter
Issued to the mock custody endpoint — no live custody connectivity View instruction →
10
10 · Lifecycle response Nova (future) · mock pending
Expected response
Acknowledged · simulated by the mock adapter
State on receipt
Recorded from the custody response only — never set by a user

Simulated stage — in the target state this response is issued by BNY Nova fronting Ripple Custody.

All stage transitions carry request_id and correlation_id and are retained on WORM audit storage.

Policy decision

PDC-2026-044091 · policy v3.2

Accepted
Eligibility · 5 rules
Asset type permitted PR-TD-DA ∈ allowed
Currency permitted GBP ∈ {GBP}
Minimum amount £2.45m ≥ £100k
Maximum amount £2.45m ≤ £10m
Evidence completeness 4/4 present
Tenor · 2 rules
Maximum tenor 74d ≤ 120d
Maturity window 27 Sep 26 in range
Concentration · 3 rules
Obligor exposure limit 6.2% ≤ 10.0%
Supplier exposure limit 3.8% ≤ 15.0%
Sector concentration Retail 18% ≤ 25%
Pricing · 4 rules
Effective APR band 5.82% ∈ 4.00–9.50%
Discount tolerance 1.17% ≤ 3.00%
Fee schedule applied FS-0312-C current
Economics completeness complete
Issued by the Policy Application. This console records decisions and cannot create, amend or re-run them.

Custody & registry

CIN-2026-006233 · provider-neutral

Mock
✓
Instruction issued
14:26:17 · by Servicer construction
2
Submitted — mock adapter
14:26:17 · awaiting acknowledgement
3
Acknowledged (simulated)
recorded only from the custody response
4
Lifecycle active
future — Nova / Ripple Custody
The Servicer cannot mint, validate, transfer control or settle. Custody state is never user-settable.

Mockup for stakeholder review · seeded demo data only · all figures fictional · scoped to FI-00417 Meridian Capital Partners