# ASSET SHIFT — Equity Official Component Binding v0.1

Fixed: 2026-08-28  
Status: **Binding complete / Raw intake not started**

This contract binds the four preregistered Equity Environment State components to exact official identities. It does not retrieve observations, calculate transforms, disclose direction, or classify the Equity environment.

| Component | Official identity | Exact binding |
|---|---|---|
| Profit | BEA NIPA | `A051RC` · `T11200:13` |
| Demand | BEA NIPA | `LB000003` · `T10406:8` |
| Labor | BLS CES | `CES0000000001` |
| Production | Federal Reserve G.17 | `IP.B50001.S` · `IP_MARKET_GROUPS` |

All four identities must match the returned official schema. Only a completed common calendar quarter is eligible. Labor and Production use exactly three official monthly levels. Missing data, identity drift, duplicate periods, interpolation, carry-forward, proxy, and mixed-Vintage quarters fail closed.

Current revised history must be labeled **Reconstructed with latest available data**. It may be labeled **As-published at the time** only when a contemporaneous immutable source Vintage proves that publication state. This distinction remains mandatory after all six indices are connected.

Raw intake, transforms, component directions, environment state, Historical Validation, Forward Validation, and Production promotion remain blocked. This model describes a U.S. macroeconomic environment; it is not an Equity Total Return, price direction, valuation, or trading signal.

Official references: BEA NIPA series register, BLS Public Data API v2, and Federal Reserve G.17 Data Download Program.

Next fixed queue item: **Silver USGS Raw Binding**.