ACCURATE DOCS/equity-carry/spot-and-hedge-legs
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EQUITY CARRY

Spot and Hedge Legs

Spot and Hedge Legs. Describes paired equity-market positions, income sources, costs, capacity, and negative-carry failure modes.

LAST UPDATED: 15 AUGUST 2026
01

What is it?

Spot and Hedge Legs is a defined part of ACCURATE's equity carry framework. Spot and Hedge Legs. Describes paired equity-market positions, income sources, costs, capacity, and negative-carry failure modes.

02

Why does it exist?

It separates spot and hedge legs from adjacent balances, permissions, costs, and status claims so users can evaluate one economic object at a time.

03

How does it work economically?

A change involving spot and hedge legs affects reported economics when it is eligible under the applicable mandate, measured under the published method, and reconciled to its source record.

04

What does the user see?

The interface reports spot and hedge legs with its current status, applicable value, source class, and timestamp. Missing source data is shown as “—”, never replaced with an invented value.

05

What can go wrong?

Describes paired equity-market positions, income sources, costs, capacity, and negative-carry failure modes. Implementation, market conditions, legal access, and controls can differ by context. Revenue, reserve growth, token performance, and availability are never guaranteed.

06

Metrics that prove it

Current StatusDefinition, source, and current value.

Applicable ParameterDefinition, source, and current value.

Reported ValueDefinition, source, and current value.

Source RecordDefinition, source, and current value.

Data TimestampDefinition, source, and current value.

DOCUMENT CONTROL

Protocol specification · 15 August 2026.

Protocol status ↗