GCCR
The GRU Capital-Capacity Ratio is the policy target expressed as eligible controlled capital and liquid assets divided by the Global Monetary Reference Aggregate.
Monetary policy
GRU Public Monetary Policy.
OMNL uses the GRU Official Monetary Policy as the public monetary-policy framework for GRU reserve attribution, capital-capacity, Avail, Offset, conversion, revaluation, and disclosure boundaries. See glossary.
Monetary-policy mandate
Primary outcome and current target status.
The primary monetary-policy objective is preservation of monetary stability and confidence in the value, integrity and operation of the monetary framework entrusted to OMNL. The public root currently publishes the qualitative objective, the GCCR and Avail methodology path, and the disclosure boundary for reserve-capacity reporting. It does not yet publish a numerical inflation target, exchange-rate target, GRU purchasing-power target or legally fixed reserve-coverage target. See glossary.
Until those targets are adopted and published with authority references, target fields remain explicitly unpublished rather than inferred.
- Primary target: monetary stability and confidence.
- Published methodology: GCCR and Avail framework.
- Numerical target: not yet published.
- Horizon / tolerance band: not yet published.
- Operations: monetary operations framework.
Policy objective gaps
What still needs to be published
| Required item | Current status | Public disclosure needed |
|---|---|---|
| Numerical policy objective | Not published | Publish a formal target or decision rule, such as inflation, purchasing-power, reserve-coverage, exchange-rate corridor, aggregate target, or hybrid rule. |
| Policy horizon | Not published | State the time horizon over which the objective is assessed. |
| Tolerance bands | Not published | Publish warning, breach, and hard-stop thresholds. |
| Breach trigger | Not published | State what condition causes policy review, escalation, or intervention. |
| Reaction function | Not published | Describe the policy response framework tied to the objective. |
| Target owner | Not published | State who can change the target and by what process. |
| Review cadence | Not published | State how frequently the target is reviewed. |
Policy framework
Controlling policy points
Avail
Avail is a hard, time-bounded coverage floor across six-second, one-day, seven-day, and thirty-day horizons.
M0 reserve overlay
M0 uses a separate fiat and institutional reserve overlay without replacing, consuming, or double-counting the M00 reserve foundation.
Supply conversion
Layer conversion is atomic and supply-conserving. Locked units preserve reserve lineage but are excluded from circulating-supply calculations.
Six-second revaluation
The six-second interval is a calculation target. Stale or unavailable source data must use the approved source hierarchy, contingency, and suspension procedures.
Disclosure status
Public figures must identify whether they are policy targets, management assertions, independently verified ratios, or audited financial metrics.
Methodology
GCCR and Avail public methodology
| Field | Public definition | Status |
|---|---|---|
| GCCR numerator | Eligible controlled capital and liquid assets, after eligibility, haircut, encumbrance and valuation controls. | Formula published; live audited components pending. |
| GCCR denominator | Global Monetary Reference Aggregate or approved monetary reference aggregate. | Reference aggregate methodology pending. |
| Eligible assets | Cash, reserve assets, custody-confirmed liquid assets and other approved instruments. | Eligibility schedule pending. |
| Ineligible assets | Encumbered, unaudited, legally restricted, stale-priced or unsupported assets. | Policy published; schedule pending. |
| Haircuts and FX | Risk, liquidity, maturity, custody, FX and source-freshness haircuts must be applied before capacity recognition. | Numerical table pending. |
| Minimum / target / warning / hard stop | Thresholds must be set by authorised monetary policy decision. | Pending publication. |
| Avail horizons | Six-second, one-day, seven-day and thirty-day coverage floors. | Horizons published; stress assumptions pending. |
| Breach process | Escalation to monetary-policy authority, reserve authority, risk and publication controls. | Process published; committee assignments pending. |
Public data record
The machine-readable OMNL GRU public record is published at /data/gru-public-record.v1.json.
Head Office ledger
The OMNL office-1 summary is published at /data/head-office-balance.v1.json and mirrored on the balance-sheet surface.
Related reports
See Balance sheet, Reserves, and Statistics for generated public reporting surfaces.
Policy backlog notice
Review the explicit notice for unresolved target, horizon, tolerance and review items.
Official relations notice
Review the explicit notice for unresolved correspondent, identifier and domestic-authority items.