Findings

Findings

Results, reconciliations, and notes from the work — each one stating what was run, what came out, and what it does not prove.

Measurements, not a product tour.

Published

  1. 1 September 2026

    Contract-level concurrency changes what a CPU can do

    16,000

    seriatim contracts

    7 × 50

    scenarios × years

    2m 13s

    on a desktop

    Term cash flows were recomputed across scenarios, so this time is an upper bound.

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Credit migration vs. default-as-expense

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