{"bundle_type":"pith_open_graph_bundle","bundle_version":"1.0","pith_number":"pith:2017:3OCXNVVBGFPNVY46PDE4CRDYLG","short_pith_number":"pith:3OCXNVVB","canonical_record":{"source":{"id":"1708.05319","kind":"arxiv","version":1},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.RM","submitted_at":"2017-08-17T14:54:26Z","cross_cats_sorted":["q-fin.PR"],"title_canon_sha256":"5ceab2f16be62f7ad7f8fb3796f99c7b940255e8f9b680d90289e839549a4c39","abstract_canon_sha256":"feffd43899b8c9ddf802348bf4ff4433dacf990a9db859001f11154e2893ea72"},"schema_version":"1.0"},"canonical_sha256":"db8576d6a1315edae39e78c9c1447859aae50311f347cf5d99c9339b784da3ee","source":{"kind":"arxiv","id":"1708.05319","version":1},"source_aliases":[{"alias_kind":"arxiv","alias_value":"1708.05319","created_at":"2026-05-18T00:37:53Z"},{"alias_kind":"arxiv_version","alias_value":"1708.05319v1","created_at":"2026-05-18T00:37:53Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1708.05319","created_at":"2026-05-18T00:37:53Z"},{"alias_kind":"pith_short_12","alias_value":"3OCXNVVBGFPN","created_at":"2026-05-18T12:30:58Z"},{"alias_kind":"pith_short_16","alias_value":"3OCXNVVBGFPNVY46","created_at":"2026-05-18T12:30:58Z"},{"alias_kind":"pith_short_8","alias_value":"3OCXNVVB","created_at":"2026-05-18T12:30:58Z"}],"events":[{"event_type":"record_created","subject_pith_number":"pith:2017:3OCXNVVBGFPNVY46PDE4CRDYLG","target":"record","payload":{"canonical_record":{"source":{"id":"1708.05319","kind":"arxiv","version":1},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.RM","submitted_at":"2017-08-17T14:54:26Z","cross_cats_sorted":["q-fin.PR"],"title_canon_sha256":"5ceab2f16be62f7ad7f8fb3796f99c7b940255e8f9b680d90289e839549a4c39","abstract_canon_sha256":"feffd43899b8c9ddf802348bf4ff4433dacf990a9db859001f11154e2893ea72"},"schema_version":"1.0"},"canonical_sha256":"db8576d6a1315edae39e78c9c1447859aae50311f347cf5d99c9339b784da3ee","receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-05-18T00:37:53.286215Z","signature_b64":"v28Iqsikxk3dje+quwybRytJzfHA1JA1mzmF9eLO8N2ZgUicht18svdPtvTIHhx8gL8+ZweFt7VuBPBV4OnLAw==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"db8576d6a1315edae39e78c9c1447859aae50311f347cf5d99c9339b784da3ee","last_reissued_at":"2026-05-18T00:37:53.285488Z","signature_status":"signed_v1","first_computed_at":"2026-05-18T00:37:53.285488Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"source_kind":"arxiv","source_id":"1708.05319","source_version":1,"attestation_state":"computed"},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-05-18T00:37:53Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"yYfR6SZOXyPP3DTXpFmqY/5xO59nunGnVOmgoCC3gCUKDsVt1nF8rAjxT4S4L7DY6fPukswWuhRGgDO0dU/1DA==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-06-02T16:32:49.986821Z"},"content_sha256":"a6ecf50bc987cb7f6736ae6d393b241b3eae3640b188a6d02ad6e33a4dc06fd0","schema_version":"1.0","event_id":"sha256:a6ecf50bc987cb7f6736ae6d393b241b3eae3640b188a6d02ad6e33a4dc06fd0"},{"event_type":"graph_snapshot","subject_pith_number":"pith:2017:3OCXNVVBGFPNVY46PDE4CRDYLG","target":"graph","payload":{"graph_snapshot":{"paper":{"title":"An indifference approach to the cost of capital constraints: KVA and beyond","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":["q-fin.PR"],"primary_cat":"q-fin.RM","authors_text":"Andrea Pallavicini, Damiano Brigo, Marco Francischello","submitted_at":"2017-08-17T14:54:26Z","abstract_excerpt":"The strengthening of capital requirements has induced banks and traders to consider charging a so called capital valuation adjustment (KVA) to the clients in OTC transactions. This roughly corresponds to charge the clients ex-ante the profit requirement that is asked to the trading desk. In the following we try to delineate a possible way to assess the impact of capital constraints in the valuation of a deal. We resort to an optimisation stemming from an indifference pricing approach, and we study both the linear problem from the point of view of the whole bank and the non-linear problem given"},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1708.05319","kind":"arxiv","version":1},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"verdict_id":null},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-05-18T00:37:53Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"pZ7Nt3jEUmMGRSu6w9GXlXdgngrN6FBTcNwB7VPj8OhHAvkx/zW/ZuxDbZM8duG3iPJP/e5L3AvnwxSjbO/KBQ==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-06-02T16:32:49.987168Z"},"content_sha256":"886e4fde4770f7f8d380fa5f87c6c4ef39ed2c3a179c02fdae105b65a7d1b240","schema_version":"1.0","event_id":"sha256:886e4fde4770f7f8d380fa5f87c6c4ef39ed2c3a179c02fdae105b65a7d1b240"}],"timestamp_proofs":[],"mirror_hints":[{"mirror_type":"https","name":"Pith Resolver","base_url":"https://pith.science","bundle_url":"https://pith.science/pith/3OCXNVVBGFPNVY46PDE4CRDYLG/bundle.json","state_url":"https://pith.science/pith/3OCXNVVBGFPNVY46PDE4CRDYLG/state.json","well_known_bundle_url":"https://pith.science/.well-known/pith/3OCXNVVBGFPNVY46PDE4CRDYLG/bundle.json","status":"primary"}],"public_keys":[{"key_id":"pith-v1-2026-05","algorithm":"ed25519","format":"raw","public_key_b64":"stVStoiQhXFxp4s2pdzPNoqVNBMojDU/fJ2db5S3CbM=","public_key_hex":"b2d552b68890857171a78b36a5dccf368a953413288c353f7c9d9d6f94b709b3","fingerprint_sha256_b32_first128bits":"RVFV5Z2OI2J3ZUO7ERDEBCYNKS","fingerprint_sha256_hex":"8d4b5ee74e4693bcd1df2446408b0d54","rotates_at":null,"url":"https://pith.science/pith-signing-key.json","notes":"Pith uses this Ed25519 key to sign canonical record SHA-256 digests. Verify with: ed25519_verify(public_key, message=canonical_sha256_bytes, signature=base64decode(signature_b64))."}],"merge_version":"pith-open-graph-merge-v1","built_at":"2026-06-02T16:32:49Z","links":{"resolver":"https://pith.science/pith/3OCXNVVBGFPNVY46PDE4CRDYLG","bundle":"https://pith.science/pith/3OCXNVVBGFPNVY46PDE4CRDYLG/bundle.json","state":"https://pith.science/pith/3OCXNVVBGFPNVY46PDE4CRDYLG/state.json","well_known_bundle":"https://pith.science/.well-known/pith/3OCXNVVBGFPNVY46PDE4CRDYLG/bundle.json"},"state":{"state_type":"pith_open_graph_state","state_version":"1.0","pith_number":"pith:2017:3OCXNVVBGFPNVY46PDE4CRDYLG","merge_version":"pith-open-graph-merge-v1","event_count":2,"valid_event_count":2,"invalid_event_count":0,"equivocation_count":0,"current":{"canonical_record":{"metadata":{"abstract_canon_sha256":"feffd43899b8c9ddf802348bf4ff4433dacf990a9db859001f11154e2893ea72","cross_cats_sorted":["q-fin.PR"],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.RM","submitted_at":"2017-08-17T14:54:26Z","title_canon_sha256":"5ceab2f16be62f7ad7f8fb3796f99c7b940255e8f9b680d90289e839549a4c39"},"schema_version":"1.0","source":{"id":"1708.05319","kind":"arxiv","version":1}},"source_aliases":[{"alias_kind":"arxiv","alias_value":"1708.05319","created_at":"2026-05-18T00:37:53Z"},{"alias_kind":"arxiv_version","alias_value":"1708.05319v1","created_at":"2026-05-18T00:37:53Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1708.05319","created_at":"2026-05-18T00:37:53Z"},{"alias_kind":"pith_short_12","alias_value":"3OCXNVVBGFPN","created_at":"2026-05-18T12:30:58Z"},{"alias_kind":"pith_short_16","alias_value":"3OCXNVVBGFPNVY46","created_at":"2026-05-18T12:30:58Z"},{"alias_kind":"pith_short_8","alias_value":"3OCXNVVB","created_at":"2026-05-18T12:30:58Z"}],"graph_snapshots":[{"event_id":"sha256:886e4fde4770f7f8d380fa5f87c6c4ef39ed2c3a179c02fdae105b65a7d1b240","target":"graph","created_at":"2026-05-18T00:37:53Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"graph_snapshot":{"author_claims":{"count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","strong_count":0},"builder_version":"pith-number-builder-2026-05-17-v1","claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"paper":{"abstract_excerpt":"The strengthening of capital requirements has induced banks and traders to consider charging a so called capital valuation adjustment (KVA) to the clients in OTC transactions. This roughly corresponds to charge the clients ex-ante the profit requirement that is asked to the trading desk. In the following we try to delineate a possible way to assess the impact of capital constraints in the valuation of a deal. We resort to an optimisation stemming from an indifference pricing approach, and we study both the linear problem from the point of view of the whole bank and the non-linear problem given","authors_text":"Andrea Pallavicini, Damiano Brigo, Marco Francischello","cross_cats":["q-fin.PR"],"headline":"","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.RM","submitted_at":"2017-08-17T14:54:26Z","title":"An indifference approach to the cost of capital constraints: KVA and beyond"},"references":{"count":0,"internal_anchors":0,"resolved_work":0,"sample":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1708.05319","kind":"arxiv","version":1},"verdict":{"created_at":null,"id":null,"model_set":{},"one_line_summary":"","pipeline_version":null,"pith_extraction_headline":"","strongest_claim":"","weakest_assumption":""}},"verdict_id":null}}],"author_attestations":[],"timestamp_anchors":[],"storage_attestations":[],"citation_signatures":[],"replication_records":[],"corrections":[],"mirror_hints":[],"record_created":{"event_id":"sha256:a6ecf50bc987cb7f6736ae6d393b241b3eae3640b188a6d02ad6e33a4dc06fd0","target":"record","created_at":"2026-05-18T00:37:53Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"attestation_state":"computed","canonical_record":{"metadata":{"abstract_canon_sha256":"feffd43899b8c9ddf802348bf4ff4433dacf990a9db859001f11154e2893ea72","cross_cats_sorted":["q-fin.PR"],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.RM","submitted_at":"2017-08-17T14:54:26Z","title_canon_sha256":"5ceab2f16be62f7ad7f8fb3796f99c7b940255e8f9b680d90289e839549a4c39"},"schema_version":"1.0","source":{"id":"1708.05319","kind":"arxiv","version":1}},"canonical_sha256":"db8576d6a1315edae39e78c9c1447859aae50311f347cf5d99c9339b784da3ee","receipt":{"algorithm":"ed25519","builder_version":"pith-number-builder-2026-05-17-v1","canonical_sha256":"db8576d6a1315edae39e78c9c1447859aae50311f347cf5d99c9339b784da3ee","first_computed_at":"2026-05-18T00:37:53.285488Z","key_id":"pith-v1-2026-05","kind":"pith_receipt","last_reissued_at":"2026-05-18T00:37:53.285488Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","receipt_version":"0.3","signature_b64":"v28Iqsikxk3dje+quwybRytJzfHA1JA1mzmF9eLO8N2ZgUicht18svdPtvTIHhx8gL8+ZweFt7VuBPBV4OnLAw==","signature_status":"signed_v1","signed_at":"2026-05-18T00:37:53.286215Z","signed_message":"canonical_sha256_bytes"},"source_id":"1708.05319","source_kind":"arxiv","source_version":1}}},"equivocations":[],"invalid_events":[],"applied_event_ids":["sha256:a6ecf50bc987cb7f6736ae6d393b241b3eae3640b188a6d02ad6e33a4dc06fd0","sha256:886e4fde4770f7f8d380fa5f87c6c4ef39ed2c3a179c02fdae105b65a7d1b240"],"state_sha256":"d0d686bd9b51eeaa24135af41d3f350e3c1b21cfc4fe7a6c5c39242a0e2c205b"},"bundle_signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"iZlzw9JjJisVl2W81EzxENAIugfmEtIcw6yDNzpfbEmmOJpx5EEAP9owGexvCieUTu4BZi/hgr0dJi+UJm2nCg==","signed_message":"bundle_sha256_bytes","signed_at":"2026-06-02T16:32:49.989306Z","bundle_sha256":"a1a2415905edcded0b5f0d950c2e80a9054e60b72d259ef152087ea68ae1ea00"}}