Version 0.1 — Ratified

Ratified by the Foundation Owner on 2026-08-22. This publication is subordinate to and specializes the TXFR Product Constitution v0.1. It is published at https://foundation.txfr.cc/capital-intelligence, effective 2026-08-22.

Document Status

Preamble — From Authoritative Data to Capital Intelligence

Authoritative TXFR Data becomes useful only when a person can understand what it means for the Goal they are pursuing. That meaning must be earned through governed reasoning, not asserted through fluency, confidence, or convenience. Otherwise, intelligence about a person's money becomes exactly the kind of uncontrolled authority the TXFR Product Constitution exists to prevent.

Capital Intelligence™ is TXFR's governed reasoning layer over Authoritative TXFR Data. It calculates deterministic metrics where inputs support them, classifies conditions relevant to a Goal's strategy, and preserves the evidence, uncertainty, and limitations of every conclusion it produces — so that Atlas can interpret it honestly and the user can decide with real information rather than manufactured certainty.

Constitutional Question

What must be true before TXFR may claim that a financial condition is meaningful — and what evidence, context, uncertainty, and authority must accompany that claim?

Article I — Constitutional Authority, Purpose, and Scope

Authority

This Standard is subordinate to the TXFR Product Constitution v0.1, in particular Article X and the applicable Constitutional Invariants of Article XX. Nothing in this Standard reopens, narrows, or reinterprets a ratified constitutional decision. Where this Standard appears to conflict with the Constitution, the Constitution governs.

Purpose

This Standard defines how Authoritative TXFR Data becomes governed Capital Intelligence: the layers of reasoning involved, the determinism and degraded-state rules that apply, the evidentiary discipline required, and the specific mechanics of DCA Intelligence, Milestone Harvesting, Opportunity Accumulation, Reserve Intelligence, Goal Trajectory, and Strategy Lifecycle interpretation that the Constitution deferred to this publication.

Scope

This Standard governs the reasoning boundary between Authoritative TXFR Data and Capital Intelligence Conditions; the four intelligence domains named above; materiality classification; Recommendation Eligibility and Recommendation Proportionality; historical-intelligence and causality discipline; and financial-safety application of Appropriate Reliance. It does not govern Atlas's conversational phrasing or presentation behavior (reserved to the Atlas Intelligence Constitution), data retention or lifecycle (reserved to the Data & Intelligence Architecture), or any implementation technology.

Scope Boundary

This Standard does NOT specify database tables, SQL, Supabase schemas, API providers, cron schedules, polling frequency, exact numeric thresholds or formulas belonging to configurable strategy implementation, UI layouts, notification implementation, or Atlas prompt design. It establishes how governed Capital Intelligence works; it does not configure any user's specific strategy.

Article II — Governing Heritage

This Standard specializes the following Telesty Foundation™ publications, incorporated by versioned reference under Product Constitution Article III:

No authority is incorporated from WO-FND-001, which remains Draft and unapproved within the Telesty Foundation.

Article III — Governing Definitions

The following terms are inherited from the Product Constitution (Article II) without redefinition and are used here in their constitutional sense: Goal, Asset, Asset Role, Capital Flow Rule, Wealth Ratchet, Milestone, Reserve, DCA Intelligence, Strategy Lifecycle, Authoritative TXFR Data, Capital Intelligence™, Atlas™, Atlas Interpretation, Atlas Observation, Recommendation, Decision, Action, Decision Authority, Execution Authority, Decision History, Degraded State, Explainability, Provenance, Lineage, Evidence, Assumption, Uncertainty, Confidence.

This Standard establishes the following additional terms:

Authoritative Fact — A fact accepted by TXFR from an authoritative user or external source, subject to provenance and freshness (e.g., quantity owned, a user-defined Goal target, a user-defined Asset Role, a market price, an acquisition record, a contribution amount).

Derived Metric — A deterministic calculation performed over Authoritative Facts (e.g., current value, allocation percentage, drawdown, gain/loss where sufficient cost-basis data exists, milestone progress, reserve capacity).

Capital Intelligence Condition — A governed determination that one or more Derived Metrics and contextual factors, evaluated together, satisfy a defined condition relevant to a Goal, Asset Role, or Strategy Lifecycle state. Recognized (non-exhaustive) subtypes: Harvesting Condition, Opportunity Condition, Reserve Condition, DCA Relevance Condition, Goal Trajectory Condition, and Lifecycle Consistency Condition.

Target Reserve / Reserve Floor / Deployable Reserve — Governed Reserve parameters: the reserve level a strategy targets, the minimum below which Reserve SHALL NOT be treated as available, and the amount currently eligible for deployment consistent with the Floor.

Reserve Impairment / Reserve Restoration — The condition of a Reserve below Target following deployment, and the condition of a Reserve returning toward Target thereafter.

Goal Trajectory — A Capital Intelligence Condition classifying a Goal's progress, expressed in one of two distinct forms: Contribution Trajectory (derived solely from authoritative contribution and target data, without any assumed investment return) or Projected Trajectory (incorporating one or more explicitly disclosed Assumptions, potentially including hypothetical investment return). Either form MAY classify progress as Ahead of Trajectory, On Trajectory, Below Trajectory, Materially Below Trajectory, or Trajectory Indeterminate (insufficient authoritative inputs).

User-Established Strategy State — The Strategy Lifecycle state a user has explicitly set or confirmed for a Goal.

System-Derived Candidate State — Capital Intelligence's own determination of which Strategy Lifecycle state the Goal's current authoritative conditions appear most consistent with. It MAY differ from the User-Established Strategy State and does not replace it.

Materiality Tier — A governed classification of a Capital Intelligence Condition's significance: Informational, Notable, Material, or Milestone-Relevant (Article XVI).

Recommendation Eligibility — The governed determination of whether a Capital Intelligence Condition satisfies the minimum criteria required before it may support a Recommendation rather than only an Atlas Observation (Article XVII).

Recommendation Proportionality — The requirement that a Recommendation's scope, magnitude, and specificity remain justified by the strength and specificity of its supporting basis (Article XVII).

Article IV — Position in the TXFR Authority Chain

Capital Intelligence occupies one position in the constitutional chain established by Product Constitution Article XIV:

External Facts / User Data → Authoritative TXFR Data → Capital Intelligence → Atlas Interpretation → Human Decision

Authority Boundary

Capital Intelligence SHALL calculate and classify governed conditions from Authoritative TXFR Data. It SHALL NOT invent Authoritative TXFR Data, and it possesses no Decision Authority or Execution Authority. Atlas interprets what Capital Intelligence produces; it does not reason independently to produce competing financial conclusions (Article XXII). The human retains Decision Authority in every case, incorporated without weakening from Product Constitution Article XII.

Article V — Facts, Metrics, Conditions, and Interpretation

This Standard formally distinguishes five layers and prohibits their collapse:

1. Authoritative Fact — accepted, not calculated.
2. Derived Metric — deterministically calculated from Authoritative Facts.
3. Capital Intelligence Condition — a governed classification over one or more Derived Metrics and contextual factors.
4. Atlas Observation — conversational interpretation of a Condition, asserting no next-step proposal.
5. Recommendation — a governed next-step proposal, available only where Recommendation Eligibility (Article XVII) is satisfied.

The user's Decision is not a Capital Intelligence output; it is the human act these layers exist to inform.

Layering Principle

Each layer SHALL be independently identifiable in TXFR's internal reasoning. A Derived Metric SHALL NOT be presented as an Authoritative Fact. A Capital Intelligence Condition SHALL NOT be presented as a Derived Metric. An Atlas Observation SHALL NOT be presented as a Recommendation. No layer acquires the authority of a later layer merely by proximity to it.

Article VI — Determinism and Degraded States

Governed Financial Determinism Principle

Where required authoritative inputs are available, governed financial arithmetic SHALL be deterministic and reproducible. Missing, stale, conflicted, or insufficient inputs SHALL produce an appropriate Degraded State rather than fabricated precision. (Product Constitution Article X, Invariant 6.)

Capital Intelligence SHALL NOT infer a missing cost basis, acquisition date, transaction record, quantity, account ownership, or other Authoritative Fact merely to complete a calculation. This Standard classifies degraded financial inputs using the Degraded State taxonomy incorporated at the constitutional level (Product Constitution Article II; WO-FND-004 Art. XV), applied to representative financial causes:

Partial Degradation

Degraded State Isolation Principle

A Degraded State affecting one input SHALL NOT automatically degrade unrelated Capital Intelligence Conditions that do not depend on that input. Capital Intelligence SHALL identify precisely which conclusions remain supportable without qualification, which must be qualified, and which must be withheld entirely.

For example, a missing cost basis degrades gain/loss calculations for the affected holding; it SHALL NOT by itself degrade that holding's current value, its allocation percentage, or an unrelated holding's Milestone progress. Isolation matters most for manually entered holdings, transferred assets, inherited assets, and external or cold-storage holdings, where one authoritative input (commonly cost basis or acquisition date) is often unavailable while every other input remains fully known. Such holdings SHALL still receive the full benefit of every calculation their available inputs support.

Article VII — Evidence, Assumption, Uncertainty, Confidence, and Explainability

Capital Intelligence SHALL preserve Evidence, Assumption, Uncertainty, and Confidence as four distinct dimensions, incorporated without weakening from Capability Intelligence™ (WO-FND-002 Art. VIII). None may substitute for another.

Confidence Levels

This Standard adopts, for TXFR Capital Intelligence Conditions, the confidence taxonomy established by Operational Context Framework™ (WO-FND-003 v1.1.0): Established, Supported, Provisional, Contested, and Unknown. A Confidence level SHALL NOT be assigned beyond what identified Evidence supports.

Anti-Disguise Principle

A Confidence level SHALL NOT disguise insufficient Evidence. Historical volatility or past performance SHALL NOT itself be treated as Evidence of future outcome; it MAY be preserved as descriptive context only, explicitly labeled as historical and non-predictive.

Minimum Explainability

Every Capital Intelligence Condition classified as Material or Milestone-Relevant (Article XVI) SHALL carry sufficient explainability content for a user to understand:

• what changed;
• which Authoritative Facts and Derived Metrics mattered;
• which Goal, Asset Role, or Strategy Lifecycle condition was relevant;
• what uncertainty remains; and
• why the Condition was classified as material now, rather than earlier or later.

Article VIII — DCA Intelligence

Base DCA

Consistent accumulation according to a user-established contribution strategy, without requiring a market opportunity. Its purpose is disciplined accumulation, not market timing. Base DCA does not require a Capital Intelligence Condition to proceed.

Adaptive DCA

A DCA Relevance Condition evaluating where an upcoming contribution may have the greatest strategic relevance, based on Goal progress, Asset Roles, allocation, Milestones, the contribution plan, Strategy Lifecycle state, Reserve condition, and relevant market context already governed elsewhere in this Standard.

Adaptive DCA Boundary

Adaptive DCA SHALL NOT silently become discretionary market timing. A DCA Relevance Condition SHALL trace its relevance to governed Goal, Role, Milestone, or Reserve factors already established by this Standard — never to an ungoverned, freestanding market prediction.

Opportunity DCA

Recognition that an upcoming contribution intersects with a governed Opportunity Condition (Article X). Opportunity DCA allows TXFR to highlight that new capital may be strategically relevant without requiring liquidation of existing holdings, consistent with the Capital Priority principle (Article XIV) that new contributions are generally considered before protected Compounding assets are disturbed.

This Standard does not hard-code contribution percentages, specific assets, or market thresholds; those belong to user-configured strategy parameters.

Article IX — Milestone Harvesting

Milestone Harvesting Boundary

Milestone Harvesting SHALL NOT mean "price increased X%, therefore sell." A Harvesting Condition is a governed classification considering Goal progress, Asset Role, allocation/concentration, user-defined harvesting parameters, harvesting history, cost basis where authoritative, holding period where authoritative, remaining exposure, Reserve condition, time horizon, Strategy Lifecycle state, and applicable tax context only where TXFR holds sufficient authoritative support for it.

Harvesting Condition States

• Approaching — a harvesting condition is nearing satisfaction.
• Reached — a defined harvesting condition is currently satisfied.
• Passed / Exceeded — conditions have moved materially beyond the defined milestone.
• No Longer Satisfied — market or Goal conditions changed before the user acted.

None of these states SHALL be presented as implying a transaction is required. A transition to No Longer Satisfied SHALL be communicated, not silently dropped, consistent with the incorporated Historical Intelligence supersession discipline (Article XVIII; WO-FND-002 Art. XII).

Article X — Opportunity Accumulation

Opportunity Condition Principle

A falling price alone SHALL NOT constitute an Opportunity Condition.

An Opportunity Condition requires context: drawdown, volatility, Asset Role, current Goal exposure, allocation, available Reserve, Reserve Floor, upcoming contributions, time horizon, Goal progress, Strategy Lifecycle state, and user-defined opportunity parameters. This Standard permits — without requiring — staged Opportunity Conditions of increasing significance, rather than a single binary threshold; specific numeric levels remain a matter of configurable strategy, not Foundation text. No universal market threshold is established here (Article XX).

Article XI — Reserve Intelligence

Reserve represents optionality, not idle capital. Capital Intelligence SHALL be capable of distinguishing current Reserve, Target Reserve, Reserve Floor, Deployable Reserve, prior deployments, Reserve Impairment, and Reserve Restoration progress as governed Reserve Conditions.

Reserve Preservation Principle

Reserve deployment SHALL NOT be treated as automatically exhausting optionality merely because an Opportunity asset has declined. This Standard permits staged deployment concepts consistent with Article X without prescribing implementation formulas.

Article XII — Goal Trajectory

Capital Intelligence SHALL be capable of classifying a Goal's progress along two distinct trajectory forms.

Contribution Trajectory

Contribution Trajectory Principle

Contribution Trajectory is derived solely from authoritative contribution and target data — current Goal value, Goal target, remaining horizon, planned contributions, completed contributions, and Milestones — without requiring an assumed investment return. It answers whether the user is accumulating at a pace consistent with the Goal, independent of speculative future market performance.

Projected Trajectory

Projected Trajectory Principle

Projected Trajectory incorporates one or more explicitly disclosed Assumptions concerning future conditions, potentially including hypothetical investment return. Projected Trajectory SHALL: clearly identify every material Assumption; distinguish each Assumption from Authoritative Fact; never present a hypothetical return as expected or guaranteed; preserve uncertainty; and remain reproducible from its disclosed inputs.

Preference for Contribution Trajectory

Where a question can be answered without speculative future-return assumptions, TXFR SHOULD prefer Contribution Trajectory over Projected Trajectory. This Standard establishes no universal assumed return; any return assumption used in a Projected Trajectory is a disclosed, user- or strategy-specific Assumption, never a Foundation-level default.

Both forms MAY classify progress as Ahead of Trajectory, On Trajectory, Below Trajectory, Materially Below Trajectory, or Trajectory Indeterminate. Where both forms are computed for the same Goal, they SHALL remain separately identified and SHALL NOT be blended into a single undifferentiated trajectory conclusion.

Article XIII — Strategy Lifecycle Intelligence

This Standard specializes the constitutional Strategy Lifecycle (ACCUMULATE → GROW → OPPORTUNITY → HARVEST → PROTECT → PREPARE → ACHIEVE, Product Constitution Article VIII) by formalizing a three-way authority distinction necessary to preserve Decision Authority:

• User-Established Strategy State — set or confirmed by the user; governs the Goal until changed by a subsequent user Decision.
• System-Derived Candidate State — a Lifecycle Consistency Condition: Capital Intelligence's determination of which state current authoritative conditions most resemble.
• Atlas Interpretation of State — Atlas's explanation of the relationship between the two (reserved mechanics: Atlas Intelligence Constitution).

Lifecycle Authority Principle

A System-Derived Candidate State SHALL NOT automatically replace a User-Established Strategy State. Capital Intelligence MAY identify that current Goal conditions are increasingly consistent with another lifecycle state, and Atlas MAY explain that condition, but only the human may establish or change the Goal's governing Strategy Lifecycle state. Capital Intelligence SHALL NOT force a Goal into a lifecycle state where governed context does not support it, and market movement alone SHALL NOT constitute such support. The lifecycle need not progress linearly; long-duration Goals MAY move repeatedly among Growth, Opportunity, and Harvest states.

Article XIV — Capital Priority

This Standard preserves the Product Concept's asymmetric accumulation philosophy as a strategy principle, not a mandatory universal sequence:

New Contributions → Available Cash / Distributions → Deployable Reserve → Protected Compounding Assets

Each successive layer SHOULD require materially greater justification than the one before it, unless the ratified Constitution or a user's own Capital Flow Rules require otherwise.

Capital Flow Compatibility Principle

Capital Intelligence SHALL respect user-defined Capital Flow Rules (Product Constitution Article VII). It SHALL NOT produce, recommend, or imply a capital flow a user's Capital Flow Rule prohibits, merely because another asset appears attractive under some Capital Intelligence Condition.

Article XV — Asset Roles and Intelligence

Capital Intelligence SHALL interpret market conditions in relation to the Asset Role governing each holding (Product Constitution Article VI). The same market movement MAY carry materially different significance for a Compounding asset than for an Opportunity, Reserve, Stability, or Custom asset within the same Goal.

Role Governance Principle

An asset does not inherently become an Opportunity asset merely because it is volatile. Asset Role is governed by the user's Goal strategy, not inferred by Capital Intelligence from market behavior alone. Capital Intelligence SHALL avoid generic ticker-level conclusions detached from Goal and Role context.

Article XVI — Observation Materiality

To prevent Atlas from surfacing constant market chatter, this Standard requires every Capital Intelligence Condition to carry a Materiality Tier:

• Informational — true and current, but not proactively surfacing-worthy on its own.
• Notable — a meaningful change relevant to the Goal or one of its assets, but not yet materially affecting Goal Trajectory, Strategy Lifecycle, or a user-defined Milestone or Condition.
• Material — affects the interpretation of a Goal's Trajectory, an Asset Role's function, or a Strategy Lifecycle state.
• Milestone-Relevant — satisfies, approaches, or otherwise affects a user-defined Milestone, Harvesting Condition, Opportunity Condition, or Reserve Condition.

Atlas Surfacing Principle

Atlas surfaces meaningful change, not constant market chatter.

Materiality Boundary

Capital Intelligence classifies Materiality; it does not decide how or whether Atlas presents a given tier to the user. Presentation, throttling, and notification behavior are reserved to the Atlas Intelligence Constitution. This Standard establishes only that Informational-tier conditions SHOULD NOT be proactively surfaced as Atlas Observations, and that the classification itself SHALL be governed and reproducible, not left to ad hoc judgment at presentation time.

Article XVII — Recommendation Eligibility and Proportionality

Eligibility

A Capital Intelligence Condition is Recommendation-Eligible only where all of the following hold:

• sufficient Authoritative Data exists for the relevant calculation;
• inputs meet an acceptable freshness threshold;
• no unresolved critical Conflicted Degraded State affects the Condition;
• the Condition is Goal-relevant and Strategy-Lifecycle-relevant;
• the Condition is compatible with the user's Capital Flow Rules (Article XIV);
• the Condition's Materiality Tier is Material or Milestone-Relevant (Article XVI);
• material Uncertainty is identified and disclosable; and
• an explanation satisfying Article VII's Minimum Explainability requirement is available.

Recommendation Boundary

Recommendation Eligibility determines only whether a Recommendation MAY be authored from a Condition — never that one must be, and never that any specific Recommendation is thereby justified. A Capital Intelligence Condition MAY be valid, Material, and fully explainable, and still fail Recommendation Eligibility if any single criterion above is unmet. An eligible Condition remains a proposal for human consideration and confers no Decision Authority or Execution Authority (Product Constitution Article XII). Authorship, phrasing, and delivery of a Recommendation are reserved to the Atlas Intelligence Constitution.

Proportionality

Recommendation Proportionality Principle

The scope, magnitude, and specificity of a Recommendation SHALL NOT exceed what the underlying Evidence, Goal context, user-defined strategy parameters, Capital Flow Rules, and supported Capital Intelligence Condition justify.

Eligibility is necessary but not sufficient for a given Recommendation's magnitude. Evidence sufficient to support consideration of a partial harvest does not inherently support recommending liquidation of most or all of a position. An Opportunity Condition does not inherently justify deploying all available Reserve. The stronger or more specific a proposed action, the stronger and more specific its supporting intelligence must be. This Standard defines no universal percentages or transaction sizes; proportionality is evaluated against the specific Condition's own evidentiary strength, not a fixed formula.

Article XVIII — Historical Intelligence and Causality Discipline

Capital Intelligence SHALL support longitudinal understanding of a Goal: what condition existed, what intelligence was surfaced, what the user decided, what capital movement was recorded, which Milestones advanced, and how Goal state changed afterward — consistent with Decision History (Product Constitution Article IX).

Causality Discipline Principle

TXFR SHALL NOT imply causality where only sequence or correlation is known. TXFR SHALL NOT claim, for example, that "Atlas created $5,000 of wealth" when the evidence shows only that an Observation preceded a user's Decision and a subsequent market outcome. Historical Intelligence SHALL remain interpretable through the context, inputs, and Assumptions that applied when it was produced, and current knowledge SHALL NOT silently rewrite a historical conclusion, incorporated from Capability Intelligence™ (WO-FND-002 Art. XII).

Article XIX — Financial Safety and Appropriate Reliance

This Standard specializes the incorporated Appropriate Reliance principle (Product Constitution Article XI; WO-FND-004 Art. XII) for capital intelligence specifically. Capital Intelligence and its downstream Atlas interpretation SHALL be designed to help a user make more informed decisions without encouraging blind reliance.

This Standard requires honest treatment of: material uncertainty; stale data; missing data; market discontinuities; extreme volatility; conflicting sources; unsupported tax implications; unsupported legal implications; and incomplete portfolio visibility (e.g., holdings TXFR cannot see).

Legal Boundary Cross-Reference

This Standard does not create, narrow, or expand the financial-intelligence and regulatory boundary established by Product Constitution Article XIII, which remains controlling. Nothing in this Standard should be read as legal, tax, or regulatory advice.

Article XX — No Universal Strategy Embedded in Foundation

No-Universal-Strategy Principle

Foundation v0.1 SHALL NOT declare that: a specific named asset should be bought after a specific decline; a specific named asset should receive a particular harvest percentage; any specific asset must inherently serve a Reserve role; any named asset is inherently suitable for any Goal; any fixed DCA allocation is universally correct; any return assumption is expected; or any specific harvesting percentage is optimal.

This Standard establishes how governed Capital Intelligence works. Users, and future strategy configuration built on top of this Standard, establish specific strategy parameters. This distinction is constitutional and SHALL remain unmistakable in every downstream implementation.

Article XXI — Constitutional Relationships

Article XXII — Compliance and Constitutional Boundaries

Intelligence Producer Principle

Any TXFR component — including Atlas — that produces a materially new financial conclusion becomes an Intelligence Producer for that result, and the result SHALL satisfy this Standard regardless of where the reasoning executes or which interface presents it, incorporated from Atlas Runtime™ (WO-FND-004 Art. VIII, XX).

Substance over Form

Calling a new financial conclusion a "summary," a "quick note," or a formatting choice does not exempt it from this Standard's governance. Conformance is determined by what a Capital Intelligence output actually does, not by its label.

Article XXIII — Constitutional Invariants

1. Capital Intelligence calculates and classifies; it holds no Decision Authority or Execution Authority.
2. Authoritative Fact, Derived Metric, Capital Intelligence Condition, Atlas Observation, and Recommendation remain five distinct, non-collapsible layers.
3. Governed financial arithmetic is deterministic where required inputs exist; otherwise it produces a Degraded State, never fabricated precision.
4. A Degraded State affecting one input does not automatically degrade unrelated conclusions; this isolation applies with particular force to manually entered, transferred, inherited, and external/cold-storage holdings.
5. Evidence, Assumption, Uncertainty, and Confidence remain distinct; Confidence never disguises insufficient Evidence.
6. Historical volatility and past performance are never treated as evidence of future outcome.
7. Material and Milestone-Relevant Conditions carry minimum explainability content.
8. Milestone Harvesting is never reduced to a single price-percentage rule.
9. A falling price alone never constitutes an Opportunity Condition.
10. Reserve deployment is never treated as automatically exhausting optionality.
11. Contribution Trajectory answers accumulation-pace questions without an assumed investment return; Projected Trajectory's Assumptions are always disclosed and never presented as guaranteed outcomes; the two forms are never blended into one undifferentiated conclusion.
12. A System-Derived Candidate Strategy Lifecycle State never automatically replaces a User-Established Strategy State.
13. Capital Intelligence never recommends or implies a capital flow a user's Capital Flow Rule prohibits.
14. Asset Role is user-governed, never inferred from volatility alone.
15. Materiality classification is governed and reproducible, not left to ad hoc presentation-time judgment.
16. Recommendation Eligibility is necessary but never sufficient for a Recommendation to be authored, or for any particular magnitude of Recommendation to be justified.
17. A Recommendation's scope, magnitude, and specificity never exceed what its supporting Evidence and Condition justify.
18. TXFR never implies causality where only sequence or correlation is supported.
19. No universal, asset-specific investment strategy is embedded in Foundation text.
20. Any Intelligence Producer of a materially new financial conclusion inherits this Standard's governance regardless of execution location.
21. This Standard never narrows Product Constitution Article XIII's financial-intelligence and regulatory boundary.

Article XXIV — Closing Principle

Capital Intelligence exists so that a person's relationship with their own money can be explained honestly — what changed, why it matters to their Goal, what remains uncertain, and what it does not yet know — without ever manufacturing the certainty a real financial decision deserves.

Closing Constitutional Principle

Capital Intelligence calculates what can be supported. It withholds what cannot. Atlas interprets what Capital Intelligence produces. The human decides.

Ratification Record

TXFR Capital Intelligence Standard v0.1 was ratified by the Foundation Owner on 2026-08-22.

Ratification followed: (1) a Draft prepared under authorization specializing Product Constitution Article X and Capability Intelligence™ (WO-FND-002 v1.1.0); (2) Foundation Owner review approving the Draft in substance; (3) a Ratification Candidate revision incorporating eight numbered Foundation Owner decisions — refining the Notable materiality definition to remain Goal-aware, confirming the three-way Strategy Lifecycle authority model, adding the Recommendation Proportionality Principle, splitting Goal Trajectory into Contribution Trajectory and Projected Trajectory, confirming Degraded State Isolation with explicit application to manually entered/transferred/inherited/external holdings, and reaffirming all constitutional financial-domain boundaries; and (4) explicit Foundation Owner ratification of the complete Ratification Candidate without further substantive modification.

This Standard is published at foundation.txfr.cc, effective 2026-08-22. See foundation/CHANGELOG.md for the Foundation-level record of this event.

Appendix A — Representative Scenarios (Nonnormative)

These scenarios illustrate this Standard's rules using generic, fictional placeholders. They establish no universal investment rule, threshold, or asset-specific guidance, per Article XX.

Scenario A — Strong Appreciation. Opportunity Asset A appreciates materially and approaches a user-defined harvesting Milestone. Capital Intelligence classifies a Harvesting Condition as Approaching, Materiality Milestone-Relevant. If Recommendation Eligibility is satisfied, Atlas may explain the approaching condition and its relationship to the user's accumulation Milestone for Compounding Fund B — never as an instruction to sell, and any Recommendation's proposed size remains bounded by Article XVII's Proportionality Principle rather than defaulting to a full-position suggestion.

Scenario B — Significant Drawdown. Opportunity Asset A declines substantially while Reserve Asset C remains above its Reserve Floor. Capital Intelligence classifies an Opportunity Condition using drawdown, Reserve availability, and the user's defined opportunity parameters together — never from drawdown alone — and any eligible Recommendation's proposed Reserve deployment remains proportional to the supporting Condition, not automatically the full Deployable Reserve.

Scenario C — Normal Month. No Capital Intelligence Condition rises above Notable materiality. Base or Adaptive DCA proceeds according to the user's established contribution plan; no Opportunity DCA relevance is surfaced.

Scenario D — Missing Cost Basis. Market value for a manually entered holding is known, but its cost basis is incomplete. Gain/loss for that holding is withheld with an Insufficient Evidence Degraded State; current value, allocation, and quantity-based Milestone progress for the same holding, which do not depend on cost basis, remain fully calculable per Article VI's isolation principle.

Scenario E — Goal Nearing Destination. A Goal's remaining horizon shortens materially. Capital Intelligence produces a Lifecycle Consistency Condition suggesting PROTECT or PREPARE may be more consistent with current conditions than the user's currently-established GROW state — presented as a System-Derived Candidate State only, never as an automatic change to the user's established strategy. Separately, the Goal's Contribution Trajectory may show it On Trajectory using only contribution data, while a disclosed Projected Trajectory using a stated hypothetical return shows a different picture — both are preserved and presented distinctly, never merged.