Key Concepts

i. ISC Target Percentage Allocation

The ISC Target Percentage Allocation refers to the desired proportion of each asset class for the ISC Reserves, as decided by the community.

Example

Identifier	Asset	Allocation
Asset 1	Equity, Global	20%
Asset 2	Commodity, Gold	20%
Asset 3	Bond, Global Bonds	20%
Asset 4	Bond, Short-term Treasuries	20%
Asset 5	Cash	20%

ii. ISC Reserve Basket

The ISC Reserve Basket is the precise quantities of each asset required for one (1) ISC at the present day (Tₙ).

Example

Identifier	Asset	Weight
Asset 1	VWRA	0.003060869565
Asset 2	SGLD	0.001717391304
Asset 3	AGGU	0.06000434783
Asset 4	IB01	0.002930434783
Asset 5	USD	0.3034869565

iii. ISC Target Price

The ISC Target Price is the total value of the ISC Reserve Basket at the present day (Tₙ), where p is the asset price, and q is the quantity of that asset.

$$p_{\text{isc}} = \sum p_{\text{asset}} \times q_{\text{asset}}$$

Example

💲 $1.5304034913043478

iv. ISC Reserve Basket Daily Rebalance

The ISC Reserve Basket Daily Rebalance details the specific adjustments to the precise quantities of each asset in the ISC Reserve Basket, which will be implemented tomorrow (Tₙ₊₁) based on the closing ISC Target Price (Tₙ). The selected traded price will be the VWAP of Tₙ₊₁.

Example

Identifier	Asset	Weight
Asset 1	VWRA	-0.0000007846547315
Asset 2	SGLD	0.000000209242236
Asset 3	AGGU	0.000008366956522
Asset 4	IB01	-0.00000005384615385
Asset 5	USD	0.000007182608696