REPARATION BONDS — DEVELOPMENT SPECIFICATION — BUILD 10
Authorial project: John Canoe – Derrick Lynch
Issuer under development: REPARATION NATION LIMITED, company no. 14761041

CORE MODEL
A Latent Reparation Bond is an unfunded coded record. £0 is paid and £0 interest accrues.
It may only become a funded Reparation Bond through a future controlled activation process.
Bond ownership is distinct from reparations entitlement.
The intended financing model is open to eligible purchasers generally, subject to final law and regulation.

IDENTIFIERS
Bondholder ID — coded participant.
Bond ID — individual bond record.
Transaction Reference — creation/transaction reference.
Verification Token — coded consistency check, not identity or ownership proof.

PROTOTYPE STATUSES
LATENT — valid unfunded record.
FROZEN — administrative hold.
CANCELLED — retired latent record.
ACTIVE — deliberately unavailable.

CONTROL ARCHITECTURE
Issuer governance, legal/compliance, register administration, finance/accounting,
audit/control and public verification are conceptually separated.
Future ACTIVE status should require legal/compliance approval, register authority
and verified financial settlement.

ACCOUNTING BOUNDARY
Latent nominal value is not cash, turnover, invested principal, funded debt or assets under management.
No financial ledger entry is created by latent registration.

RISK
Future reparations are not guaranteed.
Principal is not represented as guaranteed.
The private issuer does not have sovereign taxing power.
Default, insufficient revenue, insolvency, fraud, regulatory, currency and project risks require final treatment.

BOOK
REPARATION BONDS
by John Canoe – Derrick Lynch

The website is deliberately being built first so that practical questions expose
the architecture that the later book must explain.