tests/fixtures/distressed_recovery_waterfall_to_memo_builder_invalid.json

{
  "contract_name": "distressed_recovery_waterfall_to_memo_builder",
  "mandate_context": "mandate_context fixture value",
  "client_or_stakeholder_perspective": "client_or_stakeholder_perspective fixture value",
  "jurisdiction_and_process_stage": "jurisdiction_and_process_stage fixture value",
  "source_scope": "source_scope fixture value",
  "source_as_of_dates": [
    {
      "label": "source_as_of_dates",
      "description": "source_as_of_dates fixture detail",
      "status": "needs_review"
    }
  ],
  "evidence_register": [
    {
      "source_id": "SRC-001",
      "source_type": "CIM",
      "as_of_date": "2026-05-01",
      "native_evidence_label": "fact_source_reported",
      "canonical_evidence_category": "verified_fact",
      "freshness_status": "current",
      "conflict_status": "none",
      "confidence": "high",
      "treatment": "use as reported",
      "open_items": [
        "none"
      ]
    }
  ],
  "capital_structure_summary": [
    {
      "label": "capital_structure_summary",
      "description": "capital_structure_summary fixture detail",
      "status": "needs_review"
    }
  ],
  "claim_register": [
    {
      "claim_id": "C-0001",
      "buyer_facing_claim": "Revenue grew year over year",
      "claim_type": "financial",
      "native_evidence_label": "fact_source_reported",
      "canonical_evidence_category": "verified_fact",
      "source_id": "SRC-001",
      "caveat": "fixture",
      "confidence": "high",
      "status": "validated"
    }
  ],
  "legal_entity_guarantor_collateral_map": [
    {
      "label": "legal_entity_guarantor_collateral_map",
      "description": "legal_entity_guarantor_collateral_map fixture detail",
      "status": "needs_review"
    }
  ],
  "valuation_cases": [
    {
      "label": "valuation_cases",
      "description": "valuation_cases fixture detail",
      "status": "needs_review"
    }
  ],
  "distributable_value_bridge": [
    {
      "label": "distributable_value_bridge",
      "description": "distributable_value_bridge fixture detail",
      "status": "needs_review"
    }
  ],
  "recovery_waterfall_summary": [
    {
      "label": "recovery_waterfall_summary",
      "description": "recovery_waterfall_summary fixture detail",
      "status": "needs_review"
    }
  ],
  "recovery_ranges_by_class": [
    {
      "label": "recovery_ranges_by_class",
      "description": "recovery_ranges_by_class fixture detail",
      "status": "needs_review"
    }
  ],
  "value_break_class": 100,
  "fulcrum_security": "fulcrum_security fixture value",
  "fulcrum_sensitivity": [
    {
      "label": "fulcrum_sensitivity",
      "description": "fulcrum_sensitivity fixture detail",
      "status": "needs_review"
    }
  ],
  "stakeholder_leverage_map": [
    {
      "label": "stakeholder_leverage_map",
      "description": "stakeholder_leverage_map fixture detail",
      "status": "needs_review"
    }
  ],
  "restructuring_alternatives": [
    {
      "label": "restructuring_alternatives",
      "description": "restructuring_alternatives fixture detail",
      "status": "needs_review"
    }
  ],
  "recommended_path": "recommended_path fixture value",
  "diligence_gaps": [
    {
      "label": "diligence_gaps",
      "description": "diligence_gaps fixture detail",
      "status": "needs_review"
    }
  ],
  "counsel_review_flags": [
    {
      "flag_type": "legal",
      "description": "Counsel review required",
      "owner": "Counsel",
      "status": "needs_review",
      "blocks_circulation": true
    }
  ],
  "specialist_review_flags": [
    {
      "flag_type": "legal",
      "description": "Counsel review required",
      "owner": "Counsel",
      "status": "needs_review",
      "blocks_circulation": true
    }
  ],
  "key_numbers_to_tie": [
    {
      "metric": "Revenue",
      "period": "FY2025",
      "unit": "USD",
      "scale": "mm",
      "value": 100,
      "value_basis": "reported",
      "page_references": [
        "p.1"
      ],
      "slide_references": [
        "s.1"
      ],
      "source_id": "SRC-001",
      "related_model_output": "Revenue FY2025",
      "tie_out_status": "tied",
      "variance_explanation": "none"
    }
  ],
  "open_items": [
    {
      "item_id": "OI-0001",
      "description": "Confirm source package",
      "why_it_matters": "blocks circulation",
      "owner": "Associate",
      "status": "open",
      "due_date": "2026-05-19",
      "blocks_circulation": true,
      "suggested_remediation": "obtain source"
    }
  ],
  "circulation_caveats": [
    {
      "caveat": "Fixture only",
      "impact": "Do not circulate externally",
      "owner": "VP"
    }
  ],
  "strict_legal_entitlement_economics": [
    {
      "label": "Strict legal entitlement economics",
      "description": "Strict legal entitlement economics fixture detail",
      "status": "needs_review"
    }
  ],
  "negotiated_plan_economics": [
    {
      "label": "Negotiated plan economics",
      "description": "Negotiated plan economics fixture detail",
      "status": "needs_review"
    }
  ],
  "collateral_liquidation_waterfall": [
    {
      "label": "Collateral/liquidation waterfall",
      "description": "Collateral/liquidation waterfall fixture detail",
      "status": "needs_review"
    }
  ],
  "enterprise_value_waterfall": [
    {
      "label": "Enterprise value waterfall",
      "description": "Enterprise value waterfall fixture detail",
      "status": "needs_review"
    }
  ]
}