NineDot facility-overlap / instrument-migration gate
Public evidence shows Deutsche financing spans interconnection deposits through construction and Natixis construction financing includes an LC facility. It does not show that the Natixis LC secures interconnection obligations or that any project migrated between those facilities.
Current state: FACILITY_OVERLAP_AND_INSTRUMENT_MIGRATION_DISCOVERY_REQUIRED.
Before any transition replay or measurement: bind a project across facilities, identify the downstream LC purpose, establish Deutsche state at transition, observe one real cash/LC replacement/release/coexistence event, then measure downstream reuse or re-performance.
No borrowing-base, eligibility, legal, credit, assurance or instrument-priority conclusion is made.