How sensitivity and stress-test analysis works for Direct-Hold Solutions
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fix(retraction): archive property-ledger-technology and interest-coverage-ratio (Track-B) — both stated specific unverifiable mechanics as fact (private-key custody / F12 commit protocol; a 1.2x covenant threshold) with no citation trail to any source document; archived per the archive-before-delete convention (not hard-deleted); de-linked 40 inbound wikilinks to plain text across both wikis' cross-references; added redirects.yaml entries (both URLs are indexed in the live sitemap) pointing to the parent category page; EN+ES
@@ -22,7 +22,7 @@ Every Direct-Hold Solution is modeled against a $100.00 capital-preservation ref ## Before you read this This article assumes familiarity with the interest-coverage covenant itself — see [[interest-coverage-ratio]] for what the 1.20x floor is and why it is set where it is; this article does not re-explain the covenant, it walks through how the covenant is stress-tested. It also assumes familiarity with net asset value (NAV) and the other non-IFRS measures this methodology reports against — see [[non-ifrs-measures-explained]]. No modeling software or account access is required beyond that: this article describes a methodology, not a tool. This article assumes familiarity with the interest-coverage covenant itself — see Interest Coverage Ratio for what the 1.20x floor is and why it is set where it is; this article does not re-explain the covenant, it walks through how the covenant is stress-tested. It also assumes familiarity with net asset value (NAV) and the other non-IFRS measures this methodology reports against — see [[non-ifrs-measures-explained]]. No modeling software or account access is required beyond that: this article describes a methodology, not a tool. ## How the scenarios are constructed @@ -50,7 +50,7 @@ Every stress and shock scenario in this methodology is modeled and illustrative. ## Next steps Read [[interest-coverage-ratio]] for the covenant this methodology stress-tests, and [[non-ifrs-measures-explained]] for how NAV and the other supplementary measures used throughout this methodology are defined and reconciled to IFRS. See also [[forward-looking-statements-advisory|the Forward-Looking Statements Advisory]] for the caution language that governs every illustrative scenario in this article. Read Interest Coverage Ratio for the covenant this methodology stress-tests, and [[non-ifrs-measures-explained]] for how NAV and the other supplementary measures used throughout this methodology are defined and reconciled to IFRS. See also [[forward-looking-statements-advisory|the Forward-Looking Statements Advisory]] for the caution language that governs every illustrative scenario in this article. ---