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Interpretation Registry

Disclosures allow many readings. CMD+RVL records which one counted—with evidence proving what interpretation was relied upon, and when.

Evidence Record
SourceSEC EDGAR 10-K
Filed2025-01-15T16:32:00Z
ExtractedRisk Factor §1A.4
Hasha3f8c2...91b7
VerifiedLineage traceable to source
View the Evidence Pack →

What you get

A versioned registry of disclosure interpretations your organization explicitly relies upon—frozen in time with evidence, so you can prove what you believed when questions arise.

Registered Interpretations

Freeze what counts—not what's possible.

For each disclosure-derived item (covenants, triggers, thresholds), we maintain the interpretation your organization registered as authoritative—immutable, timestamped, and tied to source disclosures.

See the state model
Interpretation Changes

Track when interpretations evolve.

When an interpretation is registered, superseded, or retired, you get a structured notification with the prior reading, the new reading, and evidence linking both to source disclosures.

View transition types
Evidence Packs

Prove what you relied on.

Each registered interpretation includes an Evidence Pack: SEC filing excerpts, registration timestamps, supersession history, ambiguity notes, and a deterministic state hash you can verify.

How it works

We maintain a registry of interpretations your organization explicitly relies upon—not every possible reading, just the one that counts.

Scope definition

You define which disclosure-derived items matter: covenant triggers, compliance thresholds, contractual obligations, control conditions, or materiality flags. We configure the registry for your specific scope.

Interpretation registration

When your organization commits to an interpretation, we register it with timestamps, source disclosure references, confidence bands, and ambiguity notes. Once registered, interpretations are immutable.
01"Register our interpretation of the leverage covenant breach threshold."
02"Track when our reading of a material contract term is superseded."
03"Maintain evidence of what we relied on for this compliance decision."
04"Show me the interpretation history for a specific obligation."
Interpretations drift. Records don't.

Start your 14-day evaluation

Five steps to proof on your own disclosure items.
1

Define interpretation scope

Identify the disclosure-derived items you want to register interpretations for: covenants, triggers, thresholds, obligations, or conditions.
2

Specify source disclosures

Provide the SEC filers and filing types that contain the disclosures you're interpreting—10-Ks, 10-Qs, 8-Ks, or specific exhibits.
3

Register initial interpretations

Submit the interpretations your organization currently relies upon, with references to the specific disclosure excerpts they're based on.
4

Pick a delivery channel

Choose email, Slack, or webhook for notifications when interpretations are registered, superseded, or scope changes occur.
5

Authorize the outcome

Provide your name, email, and company, then authorize the 14-day evaluation—no commitment.
Start 14-day evaluation →

Common questions

What do you mean by "interpretation"?

An interpretation is a specific reading of a disclosure-derived item—for example, how a leverage covenant breach threshold is calculated based on Exhibit 10.1 language. It's the reading your organization explicitly relies upon for decisions.

What types of items can be interpreted?

Covenant triggers, compliance thresholds, contractual obligations, control conditions, disclosure-defined events, and materiality flags. Scope is explicitly configured per engagement.

How do interpretations differ from extractions?

Extractions pull data from disclosures. Interpretations record what that data means for your organization's decisions. Multiple valid extractions can lead to different interpretations—we record which one counted.

Can interpretations be changed?

Registered interpretations are immutable. They can be superseded by a new interpretation, but the prior reading is preserved with full history. You can always prove what was relied upon at any point in time.

What's included in the evidence pack?

Each interpretation includes source filing references (accession numbers, exhibit citations), disclosure excerpts relied upon, the interpretation statement, confidence band, ambiguity notes, registration timestamp, supersession history, and a deterministic state hash.

What happens after the evaluation?

We review interpretation coverage, evidence completeness, and how well the registry supports your decision workflows. If it's a fit, we propose a production plan with formal SLAs.

Why teams use this

Agents can read everything—but don't agree on what it means. This outcome ensures that when asked "Why did you believe this?" there's a stable, provable answer.

01

One reading counts

Multiple interpretations are possible. Only one gets registered. Disputes focus on judgment, not reconstruction of what was believed.
02

Stable across model changes

When prompts or models change, your registered interpretations don't drift. What you relied on stays frozen with evidence.
03

Agent-ready

Agents reference interpretation IDs instead of re-inferring from raw disclosures. Clean choke point for downstream automation.
Trusted by leaders in:
Investment Management
Credit & Structured Finance
Legal & Compliance
Risk Management
Enterprise AI Platforms
Assurance for meaning—not intelligence.
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Learn more: What is Regulatory State? — A guide for investment teams

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