Decision Room

Exemplar Industrial Holdings (fictional) asks for a $120M senior secured facility to refinance existing bank debt and fund a plant expansion. Case DT-PC-001 v1.0.0.

Decision configuration

Configuration dr-config-1.0.0. Saved into every Decision Passport with the assumption values below, and covered by its hash, so the record can be reproduced. In a private workspace these would be set per decision; here they are fixed for the synthetic case.

Objective

Decide whether the synthetic $120M facility can go to a (simulated) credit committee, and on which conditions.

Evidence standard

Every figure used in a calculation must trace to a named source document. Unverified documents may inform the analysis but cannot by themselves satisfy a condition; the verification condition stays unmet until they are verified by a human.

Approval policy

propose / review / reject / approve. The system may only propose. Review, rejection and approval are human actions by authorized people. In this public demonstration no human action is recorded and nothing is approved.

Escalation rules

• A condition with missing evidence (EVIDENCE_MISSING) is escalated to a human before any recommendation.
• A confirmed contradiction between sources is escalated until a human resolves which source governs.
• An unresolved interpretation of a contract term is escalated to legal review.
• A different reporting basis is shown side by side and is not escalated as a conflict.

Monitoring triggers

• A new or revised source document for this case (planned; no monitoring runs in the demonstration).
• Top customer renewal outcome in Q1 2027 (DOC-07).
• Collateral appraisal received (DOC-08).
• Covenant headroom below the configured threshold in a new compliance certificate.

About AbrahamMoses Decision Twin: the six layers and what is demonstrated now

Each document is structured data with a stable ID. The SHA-256 hash of its canonical JSON lets a passport show which exact version it relied on. “Verified” is the synthetic data room’s own flag; you can change it under Assumptions.

• DOC-01 Audited financial statements FY2025 Financial statements · 2026-03-15 · verified

  Reported results for the year to 31 December 2025, with FY2024 comparatives.

  Author: Borrower, audited (synthetic). SHA-256 7881d86346c9d53f53394f8d8fc0a11c2894afcb1f9e7de1eae3a72a3275ecce

  Fields in DOC-01

  Field	Value	Period	Basis
  Revenue FY2024	$250.0M	FY2024	Reported
  Revenue FY2025	$260.0M	FY2025	Reported
  EBITDA FY2025	$41.6M	FY2025	Reported (no add-backs)
  EBITDA margin FY2025	16%	FY2025	Reported
  Cash at year end	$18.0M	31 Dec 2025	Reported

• DOC-02 Management forecast FY2026 Forecast · 2026-05-02 · unverified

  Management case for FY2026. Assumes the top customer grows volumes 15% and renews on current terms.

  Author: Borrower management (synthetic). SHA-256 73232bfd86a0b96421c4fb92cb7f23b87b74a196a20039a3950a45da60326dbe

  Fields in DOC-02

  Field	Value	Period	Basis
  Revenue growth FY2026	12%	FY2026	Management case
  EBITDA margin FY2026	17.5%	FY2026	Management case, adjusted
  Top customer volume growth	15%	FY2026	Management case

• DOC-03 Pro forma debt schedule at close Debt schedule · 2026-06-30 · unverified

  All borrowings at close, including leases and the seller note from the 2024 acquisition.

  Author: Borrower finance team (synthetic). SHA-256 64263f2e0991c11054d155fd0a73d6bdd6d7ac2eeeb72d882afd37a6ee2789c0

  Fields in DOC-03

  Field	Value	Period	Basis
  Term loan	$90.0M	At close	Face value
  Revolver drawn	$10.0M	At close	Face value
  Equipment leases	$8.0M	At close	Face value
  Seller note	$16.0M	At close	Face value
  Total debt	$124.0M	At close	Total debt incl. leases and seller note
  Pro forma annual interest expense	$10.5M	First 12 months	Contractual rates at close
  Cash at close	$15.0M	At close	Estimated
  Revolver undrawn	$20.0M	At close	Commitment less drawn

• DOC-04 Credit memo (draft for committee) Credit memo · 2026-07-08 · unverified

  Recommends approval subject to conditions. Uses LTM adjusted EBITDA. States bank policy on concentration.

  Author: Deal team (synthetic). SHA-256 8236b02741ff274abab84e6953928588006978230f5797c71ec7dbaf345c4af0

  Fields in DOC-04

  Field	Value	Period	Basis
  Total debt	$118.0M	At close	Total debt incl. leases and seller note
  Adjusted EBITDA LTM	$46.8M	LTM to 30 Jun 2026	Adjusted (incl. $3.2M add-backs)
  Single-customer concentration policy limit	25%	—	Synthetic bank policy
  Committee stress case: EBITDA decline	20%	—	Synthetic bank policy

• DOC-05 Draft loan agreement (financial covenants) Loan agreement (draft) · 2026-07-01 · unverified

  Draft clause 22. "Consolidated EBITDA" adds back non-recurring charges without a cap.

  Author: Lender counsel (synthetic). SHA-256 afbe7848997bde0c17d343813557342ee5930d20997171feece2be843676cecc

  Fields in DOC-05

  Field	Value	Period	Basis
  Maximum total leverage	3.50x	—	Total debt / Consolidated EBITDA
  Minimum interest cover	3.00x	—	Consolidated EBITDA / interest expense
  Minimum liquidity	$10.0M	—	Cash plus undrawn revolver
  Cap on non-recurring add-backs	None	—	Clause 22.1 definition

• DOC-06 Covenant definitions schedule (term sheet) Term sheet schedule · 2026-05-20 · unverified

  Agreed commercial terms. Caps add-backs at 10% of EBITDA.

  Author: Deal team (synthetic). SHA-256 f154d4cb10fe370e2f14d6112187538ece31f995b470d46eaf2cfe5a9ab86e34

  Fields in DOC-06

  Field	Value	Period	Basis
  Maximum total leverage	3.50x	—	Total debt / Covenant EBITDA
  Cap on non-recurring add-backs	10% of EBITDA	—	Term sheet

• DOC-07 Customer concentration report Analysis · 2026-06-12 · unverified

  Top customer is 22% of FY2025 revenue; its contract renews in Q1 2027 and it has said it intends to dual-source.

  Author: Borrower, reviewed by deal team (synthetic). SHA-256 34230621b4ea44c49e25d862b76db8ad6560942d69eb31f4da90944d414aa9b9

  Fields in DOC-07

  Field	Value	Period	Basis
  Top customer share of revenue	22%	FY2025	Reported revenue
  Top customer contract renewal	Q1 2027	—	—
  Stated intent	Dual-sourcing under consideration	—	—

• DOC-08 Collateral summary Collateral · 2026-06-28 · unverified

  Receivables, inventory and plant. PP&E value cites appraisal A-2026-03, which is not in the data room.

  Author: Deal team (synthetic). SHA-256 6abc6a976c8978285cb5e92c5b214539277b8e9230357e4b0ee64f66b1b0ee78

  Fields in DOC-08

  Field	Value	Period	Basis
  Eligible receivables	$38.0M	30 Jun 2026	Book value
  Inventory	$30.0M	30 Jun 2026	Book value
  PP&E orderly liquidation value	$52.0M	—	Per appraisal A-2026-03 (not provided)

• DOC-09 Independent assessment note Third-party note · 2026-06-20 · unverified

  Sector outlook. Confirms FY2025 reported EBITDA and notes margins are sensitive to input costs.

  Author: Synthetic adviser (no real firm). SHA-256 4ffc6959a461b51972ba1a9dbcb23f6766c34007fb3ccaf040da663022cdd14d

  Fields in DOC-09

  Field	Value	Period	Basis
  EBITDA FY2025	$41.6M	FY2025	Reported (no add-backs)
  Sector growth outlook	4.5%	FY2026	Adviser estimate

• DOC-10 Risk committee questions Questions · 2026-07-10 · verified

  Questions the committee asked the deal team to answer before the meeting.

  Author: Risk committee secretary (synthetic). SHA-256 e39ad77e7b361167a3349664bc0f743164167275d873b8fdea0b0016c2fa45e5

  Fields in DOC-10

  Field	Value	Period	Basis
  Q1	Reconcile total debt between the memo and the debt schedule.	—	—
  Q2	Which EBITDA definition will the covenant use?	—	—
  Q3	Provide the PP&E appraisal.	—	—
  Q4	What happens if the top customer dual-sources?	—	—

Recalculating reloads the page with your inputs in the address, so every view is a link that reproduces itself. Only what depends on a changed input moves; everything else stays as it was.

5 of 9 conditions met; 1 not met; 2 need human judgment; 1 missing evidence. No approval is made here.

Warnings

• Active: Forecast growth well above history and sector outlook: 12.0% growth against 4.0% in FY2025 and a 4.5% sector outlook
• Clear: Thin covenant headroom (under 25%)
• Clear: Stress case coverage below 3x
• Active: Forecast relies on the top customer renewing: 22% of revenue renews in Q1 2027; the customer has signalled dual-sourcing
• Active: Calculations rely on unverified documents: DOC-03, DOC-05 not verified

Deterministic rules, not AI. Each side is a fixed rule set applied to the same conditions, premises and documents shown above. Reject a premise under Assumptions and every side is recomputed. No argument here is a human review.

Five classes. Only confirmed and potential conflicts are conflicts. A difference of period, scope, definition or version is a different reporting basis and is not called a contradiction.

Every derived node and the nodes it reads. A change propagates only along these edges; the test suite checks that nothing outside them moves.

This demonstration makes no decision. In a real deployment a named committee would record its decision, its reasons and any conditions, and that record would be added to the passport. Here the reviewer is none (simulated decision).

Needs human judgment on these inputs

• Total debt reconciled between memo and debt schedule: memo $118.0M vs schedule $124.0M; calculations use $124M
• Covenant EBITDA definition agreed: draft agreement has no add-back cap; term sheet caps add-backs at 10%
• Collateral value supported by the cited appraisal: appraisal A-2026-03 is not in the data room

The passport records the sources and their hashes, every input and premise, the calculations, conditions, conflicts, open questions and the audit trace, with a SHA-256 integrity hash. Its address encodes all inputs, so it reloads identically without a database. Ruleset dr-rules-1.0.0; no AI model.

Generate Decision Passport for these inputs

Read-only API for this demonstration: GET /api/institutional/decision-room/case, /scenario, /contradictions and /passport/verify, described in the OpenAPI document (tag institutional-demo).