{
  "schema_version": "editorial-decision-example-v1",
  "title": "After-hours treasury transfers",
  "label": "Illustrative research example",
  "disclaimer": "An editorial sample, not a customer result, an approved provider shortlist, or a product-generated export. No provider has been selected and no payment has been executed.",
  "checked_at": "2026-10-04",
  "checked_at_label": "4 October 2026",
  "freshness": "Source descriptions were checked on this date. Historical sources do not establish current availability. Confirm eligibility, coverage, and terms at decision time.",
  "problem": "A bank product team wants to understand whether eligible business customers need after-hours treasury transfers, and whether existing bank services already solve the problem.",
  "alternatives": "Compare existing account transfers, applicable instant-payment services, and correspondent or FX arrangements. Check operating hours, recipient reach, currencies, funding, reconciliation, failure handling, and total cost for the specific corridor.",
  "decision": "No provider selected. Validate the customer need and existing-rail baseline, then confirm entity, coverage, authority, terms, and operational dependencies.",
  "reviewer_roles": "Product owns the customer problem; operations reviews the flow and failure handling; compliance and legal review the specific entity, rights, and authority evidence.",
  "records": [
    {
      "id": "jpm-coin",
      "name": "JPM Coin by Kinexys",
      "entity": "J.P. Morgan is the provider brand. Exact contracting legal entity for this proposed service: to confirm.",
      "service": "The provider describes a USD deposit token on Base, using a Blockchain Deposit Account framework and approved counterparties.",
      "coverage": "Provider-described USD and Base scope. Eligible customer markets and this bank's access are not established by this example.",
      "authority": "No regulator-register or legal-authority determination is included. A product page does not establish eligibility or permission for this bank's proposed service.",
      "dependencies": "Confirm account onboarding, approved counterparties, cash conversion, settlement finality, operating controls, and failure recovery.",
      "gaps": "Contracting entity, jurisdiction-specific availability, fees, service terms, liability and redemption rights, and operational fit remain open.",
      "question": "Which entity would contract with us, for which customers and markets, and under what account and service terms?",
      "source": {
        "title": "J.P. Morgan JPM Coin product page",
        "url": "https://www.jpmorgan.com/kinexys/digital-payments/jpm-coin",
        "type": "Provider product description",
        "published_at": null,
        "date_note": "Publication date not stated on the reviewed page"
      }
    },
    {
      "id": "citi-token-services",
      "name": "Citi Token Services for Cash",
      "entity": "The dated source identifies Citibank N.A. New York, Singapore, and London branch accounts. Confirm the contracting branch for the proposed service.",
      "service": "Citi's FAQ describes liquidity transfers between participating branches. It says customers need neither a wallet nor token ownership.",
      "coverage": "The 2024 source names New York, Singapore, and London. Current branch participation, customer eligibility, and currency coverage require reconfirmation.",
      "authority": "No regulator-register or legal-authority determination is included. The FAQ is provider evidence about a service, not a licensing or eligibility conclusion.",
      "dependencies": "Participating Citi accounts and Citi-managed infrastructure. Confirm onboarding, operating controls, liquidity arrangements, and exceptions.",
      "gaps": "Current coverage, exact account terms, fees, authority evidence, finality, and failure handling remain open.",
      "question": "Does the current service support our account structure, currencies, and required branch-to-branch flow?",
      "source": {
        "title": "Citi Token Services for Cash FAQ",
        "url": "https://www.citigroup.com/global/insights/citi-token-services-for-cash",
        "type": "Dated provider FAQ",
        "published_at": "2024-02-22",
        "date_note": "Published 22 February 2024; historical scope requires reconfirmation"
      }
    }
  ],
  "instrument_boundary": "Tokenized bank deposit claims and stablecoins require separate analysis of the issuer, liability, backing, and redemption rights. Deposit insurance, finality, and regulatory treatment depend on the specific arrangement and jurisdiction.",
  "context_sources": [
    {
      "title": "BIS Bulletin 73: Stablecoins versus tokenised deposits",
      "url": "https://www.bis.org/publ/bisbull73.pdf",
      "published_at": "2023-04-11",
      "note": "Conceptual research published 11 April 2023; not a legal ruling or provider approval."
    },
    {
      "title": "ANZ A$DC announcement",
      "url": "https://www.anz.com.au/content/dam/anzcomau/mediacentre/pdfs/mediareleases/2022/March/220324%20ANZ%20completes%20landmark%20stablecoin%20payment%20.pdf",
      "published_at": "2022-03-24",
      "note": "Historical Australian-dollar stablecoin transaction announced 24 March 2022. It does not establish a current generally available tokenized-deposit service or a shared USDC/network offering."
    }
  ]
}