PROTOTYPE STATUS: LATENT records only. £0 paid. £0 interest. No ACTIVE bonds, money collection, transfer or redemption.
Public accountability model

Transparency and reporting architecture

The system should publish enough information to permit scrutiny without exposing private bondholder identity or presenting latent nominal value as money already raised.

Public aggregate register

Number of coded latent records, aggregate nominal latent face value and status distribution.

Bond verification

Confirm limited coded facts for a Bond ID without exposing private identity.

Governance reporting

Future reports should identify governing terms version, material policy changes and control exceptions.

Use-of-funds reporting

If bonds become funded, reports should distinguish capital received, permitted costs, deployed capital, reserves and remaining cash.

Repayment reporting

Future reporting should distinguish interest/return paid, principal redeemed, amounts outstanding and relevant repayment sources.

Exception reporting

Material register corrections, freezes, cancellations, reconciliation breaks and other exceptions should be auditable.

Accounting language: aggregate LATENT face value is potential future financing capacity. It is not cash raised, invested assets, turnover or funded debt.