Requirements

Accept GHG inventory data (Scope 1, 2, 3) from corporate ERP systems via ADF pipeline. Normalise to tCO₂e. Compute forward liability vector extending to 2050. Output: LiabilityVector per client per reporting year.

Structure NRW programmes matched to client liability profiles. Generate NRW vintages with defined delivery schedules, cure pool backing, and IFRS 9 HTM classification. Maintain warrant registry with 100-year custody logic.

Generate FpML 5.12 + JSON term sheets for bilateral OTC CLS instruments. Support 10-year tenor, fixed leg (4.2–8.0% p.a. on notional tCO₂e), floating leg (net removal tonnes delivered). Require human approval interrupt before execution.

Before any swap execution: validate Science Proof (permanence, additionality, MRV score), Legal Cure Proof (ISDA documentation, registry lock, FCA compliance), and Financial Fair-Value Proof (IFRS 9 HTM, CSR ratio, MTM). All three must pass before matching runs.

CVXPY-based optimisation matching corporate liability profiles against available NRW inventory. Minimise duration mismatch, maximise Carbon Solvency Ratio (CSR). Output: ALM match set with confidence scores.

Poll Puro.earth CORCX, TGO (Thailand), Gold Standard, Verra registries. Parse VVB audit data. Score removal credits using NRCS (Net Removal Credit Score). Store time-series MRV data in InfluxDB. Dagster-orchestrated, deterministic ETL with full asset lineage.

Run daily mark-to-market loop for all active CLS positions over 10-year tenor. Monitor CSA thresholds. Generate margin call alerts. Maintain swap book state in LangGraph persistent store.

Auto-generate ISSB S2 / TCFD-aligned disclosure packs per client per reporting period. Include CSR dashboard, NRW book valuation, delivery schedule, and board-ready summary. Export to PDF and structured JSON.

Driver-based scenario modelling (Downside / Base / Upside / Accelerated). Toggle scenarios via assumption sheet. Output: 5-year NRW book projections, ARR forecasts, reserve adequacy checks, Series B eligibility tracker.

Web-based client portal showing real-time Carbon Solvency Ratio, NRW book value, delivery schedule, liability gap, and regulatory compliance status. Role-based access for treasury, sustainability, and board users.

CaptureNow must obtain FCA authorisation as an investment firm and custodian (COBS and CASS frameworks) before executing any CLS or holding client assets. This is the single longest-lead regulatory item — must begin at Series A close.

Bespoke Carbon Product Supplement to the ISDA 2002 Master Agreement must be drafted by a Magic Circle law firm with direct ISDA carbon desk experience. This is the legal foundation for all CLS instruments. Required before any swap execution.

Big 4 accounting firm must provide a formal IFRS 9 Held-to-Maturity classification opinion for the NRW instrument. This enables NRWs to sit on corporate balance sheets as financial assets. Required before first client onboarding.

Big 4 or specialist assurance firm must establish an ISSB S2 assurance framework for CaptureNow's disclosure packs. Required for FCA application evidence and first client onboarding.

Platform must support EU CSRD, Australia AASB S2, Singapore SGX, and UK FCA/TCFD at launch. Japan SSBJ and Taiwan FSC within 24 months of first CLS execution.

CLS instruments held by ASEAN suppliers must satisfy EU CBAM Annex IV verification requirements, providing CSRD value-chain emissions data to EU corporate buyers. TGO-registered, DCCE-backed instruments required.