Interconnection Event Transition Ledger

Synthetic / redacted demo. This is the canonical factual event layer underneath an Interconnection Evidence Annex. It is not a borrowing-base certificate or financing decision.

Why event-first: financing-relevant facts change when deposits are posted, projects are added, security is released/drawn/replaced, agreements are executed, project milestones change refundability evidence, or collateral is redeployed. The ledger preserves the before/after factual state and source chain for each event.

Synthetic transition chain

Date	Event	Balance	Refundability fact	Facility evidence	Result
2026-06-01	deposit_posted	$0 → $2.5m	unknown → conditional	present	READY_FOR_FACTUAL_REVIEW
2026-06-03	project_added_to_facility	$2.5m → $2.5m	conditional	present	READY_FOR_FACTUAL_REVIEW
2026-08-15	security_released	$2.5m → $1.8m	conditional	missing	EXCEPTION_REMAINS
2026-08-31	refundability_state_changed	$1.8m → $1.8m	conditional → unknown	missing	EXCEPTION_REMAINS

The final event deliberately does not turn a milestone into a favorable borrowing-base conclusion. Missing facility-specific evidence survives as an exception.

Machine-readable synthetic ledger JSON

Explicit boundary

No legal refundability opinion, borrowing-base eligibility, advance rate, perfection/priority, bankruptcy, disputed refund-right, enforceability, or funding decision is produced.