{"schema":"numina.nusd.redemption_policy.v2","policy_id":"nusd-redemption-operator-3","status":"effective_operator_policy","effective_at":"2026-09-15T01:15:23Z","redemption_available":false,"rate":{"base":"NUSD","quote":"USD","numerator":"1","denominator":"1","basis":"declared_issuer_conversion_policy","executable":false,"market_rate":null,"scope":"gross_issuance_and_redemption_after_activation"},"rights":{"beneficiary":"Any lawful holder, including a secondary holder, who satisfies objective onboarding and required screening for verified issued NUSD","payout_currency":"USD","treasury_ownership":false,"equity_or_yield":false,"terms_effective":false,"cash_claim_survives_delay":true,"basis":"Operator requirements for a future activated holder agreement; this policy adoption creates no present redeemable balance or verified holder contract"},"timing":{"payout_initiation_banking_days":2,"starts":"Receipt of complete valid request; no discretionary acceptance delay","cutoff_local":"17:00","timezone":"America/New_York","banking_calendar":"Monday-Friday excluding US Federal Reserve banking holidays","after_cutoff":"Next US banking day","missing_information_notice_banking_days":1,"bank_receipt":"Receiving-bank posting time varies and must be disclosed separately","hold_review_banking_days":5},"fees":{"numina_redemption_fee_usd":"0","numina_fx_spread_bps":0,"standard_payout_fee_paid_by":"Numina","holder_network_fees":"Separately disclosed before authorization; no token transaction is presently available","receiving_bank_fees":"May be charged independently by the holder bank; not a Numina deduction"},"limits":{"minimum_nusd":"0.01","increment_nusd":"0.01","maximum":"Available verified holder balance; no routine monetary daily/monthly cap under this operator policy","fractional_remainder":"Retained without expiry; final account closure remainder rounded up to one USD cent at Numina expense after identity verification","eligibility":["Verified legal holder and token/network identity","Required identity, sanctions and source-of-funds checks","Eligible jurisdiction and same-name supported USD bank account","No duplicate, encumbered or already-redeemed balance"],"permitted_holds":["Applicable law or court order","Unresolved identity, fraud, sanctions or ownership dispute"],"liquidity_shortfall_cancels_claim":false,"forced_service_credit":false},"reserves":{"source":"Numina Treasury","status":"unverified","custodian":null,"verified_usd_value":null,"holder_allocation":null,"minimum_coverage":"Segregated eligible external USD reserves cover outstanding NUSD including redemption-locked tokens, plus unpaid USD claims for burned tokens not otherwise counted; no claim counted twice","excluded":["Uncollected compute value","Projected revenue","Internally assigned treasury entries without external asset evidence","Numina-issued NUSD as its own backing","IP or enterprise valuation","Receivables and general Treasury claims"],"owner_attestation":{"status":"received","evidence_type":"owner_statement","bank_evidence_received":false,"independent_verification":"not_completed","qualified_as_verified_reserves":false},"owner_designated_sources":{"policy_url":"/api/control/v2/treasury/policy","purpose":"NUSD reserve and redemption funding","status":"owner_designation","provider_balances_retain_original_currency":true,"verified_allocation":null},"reporting_policy":"Daily reconciliation; public monthly supply, reserve composition, custodian and independent assurance disclosures; no reports verified","permitted_assets_policy":["US dollar cash","Eligible USD demand deposits with an insured depository institution","US Treasury obligations with remaining maturity of no more than 93 days; subject to applicable issuer and custody rules"]},"activation_requirements":["Eligible identified issuer and applicable authorizations","Documented Treasury asset ownership, segregation, custody, liquidity and reconciliation","Issuer-specific signed or accepted holder agreements and supported jurisdictions/banking rails","Verified Numina chain and deployed token identity with security review","Independently tested redemption funding, failure recovery and payout controls","Verified token precision and bank settlement rules supporting USD-cent amounts"],"contact":"mailto:skott34@numinalabs.xyz","terms_url":"/redemption","change_policy":{"ordinary_notice_calendar_days":30,"existing_usd_claim_may_be_reduced":false,"legal_changes":"As required by applicable law"},"complaints":{"acknowledgement_banking_days":2,"substantive_response_calendar_days":15},"version":3,"effect_scope":"Numina operator policy only; not an executed holder agreement or financial activation","supersedes":"nusd-redemption-proposal-2","operator":{"legal_name":"SK Consulting LLC","jurisdiction":"Iowa, USA"},"issuer":{"intended_legal_name":"SK Consulting LLC","confirmed_legal_name":null,"eligibility":"unverified"},"adoption":{"basis":"owner_authorized_policy_adoption","adopted_at":"2026-09-15T01:15:23Z","retroactive":false,"evidence_type":"operator_policy_record_not_provider_or_counterparty_receipt"},"holder_agreement":{"status":"not_activated","agreement_id":null,"effective_at":null,"accepted_holder_copy_verified":false,"requires_identified_eligible_issuer":true,"requires_covered_token_network_and_jurisdictions":true},"terms_digest":{"algorithm":"sha256","canonicalization":"recursive_key_sort_compact_json_utf8_excluding_terms_digest","value":"7bb6eaac22e630faaed1d49b89c4141132abe07c0ec3cc313b0a2f1ec0beeb20","signed":false}}