{ "as_of": "2026-11-03", "title_zh": "口径", "title_en": "Definitions", "entries": [ { "id": "fork", "term_zh": "赛道分叉", "term_en": "The fork", "confidence": "已证实", "layer": "primary", "sentence_zh": "同一个股票代码可以出现在两条路径上。分叉看持有人的法律权利，不看代码是否相同。", "sentence_en": "The same ticker can appear on both paths. The fork follows the holder’s legal rights, not whether the ticker matches.", "detail_zh": "真权利包括 SEC 创新豁免下的代币化证券交易场，以及发行人通过过户代理登记的真实股份。合成敞口包括离岸债务证券、结构化票据、追踪证书和受益证书。分类以发行文件为准。", "detail_en": "Real rights include a tokenized-securities venue under the SEC innovation exemption, and real shares recorded through an issuer’s transfer agent. Synthetic exposure includes offshore debt securities, structured notes, tracker certificates, and beneficiary certificates. The offering document decides the class." }, { "id": "rights-table", "term_zh": "权利对照", "term_en": "Rights comparison", "confidence": "已证实", "layer": "primary", "sentence_zh": "这张表比较法律结构：权利、投票、分红、销售对象、发行人反对、是否在豁免内、账本、托管和开业状态。每一格单独标注置信。", "sentence_en": "This table compares legal structure: rights, voting, dividends, who may buy, issuer objection, the exemption, the ledger, custody, and whether it is open. Each cell has its own confidence label.", "detail_zh": "不比较价格、市值或手续费。格子里的「未获取」表示该事项没有公开读数，不用另一家的机制填上。", "detail_en": "It does not compare price, market value, or fees. 未获取 means that item has no public reading. The other product’s mechanism is not copied in." }, { "id": "objection-count", "term_zh": "发行人反对家数", "term_en": "Issuer objection count", "confidence": "已证实", "layer": "report", "sentence_zh": "纵轴是报道写出的反对发行人数量，按报道所引通知的日期排列。", "sentence_en": "The axis is the number of objecting issuers named in reports, plotted on the notice date those reports cite.", "detail_zh": "实心柱是报道层已登录的读数，本站仍未对照 OKXICE 通知原文。斜线是约数。空心柱的 50 保持未获取。这不是市场份额，也不是已经成交的股票数。", "detail_en": "A solid bar is a press-layer reading. This archive has not checked it against the OKXICE notice. A hatched bar is approximate. The hollow 50 stays not obtained. It is not market share and not shares traded." }, { "id": "exemption-limits", "term_zh": "豁免上限", "term_en": "Exemption limits", "confidence": "已证实", "layer": "primary", "sentence_zh": "符号上限和成交量上限是联邦公报写给单一 TSV 的豁免条件，按 LULD 两档分开。", "sentence_en": "Symbol caps and volume caps are exemption conditions the Federal Register sets for one TSV, split into the two LULD tiers.", "detail_zh": "第一档不超过 75 个符号、上一月日均成交的 0.25%；第二档不超过 250 个符号、2.5%。这是条件，不是行业容量，也不是已观察到的成交。", "detail_en": "Tier 1 is at most 75 symbols and 0.25% of prior-month average daily volume. Tier 2 is at most 250 symbols and 2.5%. These are conditions, not industry capacity and not observed trading." }, { "id": "registry", "term_zh": "名录行", "term_en": "Register row", "confidence": "已证实", "layer": "report", "sentence_zh": "一行是研究底稿或公开文件里已经能点名的一个机构或产品。", "sentence_en": "One row is an institution or product the research note or a public document can already name.", "detail_zh": "默认按状态排序：在售或在服务、已通知、规则本身、已日落。同一状态里，真权利排在合成敞口之前。筛选项旁的数字，是在其余条件不变时该选项命中的行数。清空筛选会回到这一默认顺序下的全表，不改变当前的排序方式。", "detail_en": "The default order is status: on sale or in service, notice filed, the rule itself, then sunset. Within a status, real rights come before synthetic exposure. The number beside a filter is how many rows that option matches with the other filters held constant. Clear filters restores the full table in the current sort. It does not change the sort." }, { "id": "registry-counts", "term_zh": "本表行数", "term_en": "Rows in this table", "confidence": "已证实", "layer": "primary", "sentence_zh": "条形的长度等于该轨道在本表中的行数。", "sentence_en": "The length of a bar is the number of rows in that track in this table.", "detail_zh": "不代表锁仓、用户、成交或收入。已日落的证书仍占一行，避免被当成还在售。", "detail_en": "It is not value locked, users, trading, or revenue. A sunset certificate still occupies a row so it is not mistaken for something on sale." }, { "id": "timeline", "term_zh": "编年事件", "term_en": "Chronicle event", "confidence": "已证实", "layer": "primary", "sentence_zh": "只登录带来源日期的事件。日期带「约」的，精度不是某一天。", "sentence_en": "Only events with a sourced date are entered. A date marked approximate is not a specific day.", "detail_zh": "2031-09-17 是命令文本里的到期日，不是对届时政策的预测。没有发行日的在售产品不写进这条时间轴。", "detail_en": "2031-09-17 is the expiry written in the order, not a forecast of policy. Products on sale without a launch date are kept off this axis." }, { "id": "undated", "term_zh": "无日期的在售", "term_en": "On sale, undated", "confidence": "未获取", "layer": "report", "sentence_zh": "截止日仍看得到、但公开材料没有给出起始日的产品状态。", "sentence_en": "A product still visible at the cutoff whose public materials do not give a start date.", "detail_zh": "不估计首发日。状态本身可以是已证实，起始日仍然是未获取。", "detail_en": "No launch date is estimated. The status can be verified while the start date stays not obtained." }, { "id": "value-chain", "term_zh": "价值链", "term_en": "Value chain", "confidence": "已证实", "layer": "primary", "sentence_zh": "从上到下是监管、发行、托管、场所、持有人。左右两列是两条法律路径，不是同一种产品的前后步骤。", "sentence_en": "Top to bottom is rule, issue, custody, venue, holder. The two columns are two legal paths, not steps of one product.", "detail_zh": "共用托管人不会把债务证券变成股份。链和代码不改变发行文件。", "detail_en": "A shared custodian does not turn a debt security into a share. The chain and the ticker do not change the offering document." }, { "id": "readings", "term_zh": "首页读数", "term_en": "Front-page readings", "confidence": "已证实", "layer": "report", "sentence_zh": "首页读数是截止日的标签：家数、日期，或「未获取」。约数保持约数，空格不写成零。", "sentence_en": "A front-page reading is a cutoff label: a count, a date, or 未获取. Approximations stay approximate. A blank is not written as zero.", "detail_zh": "总锁仓只在上游这么称呼时照录，并标明未复算。它不是持币人的收入，也不是权利类型。", "detail_en": "A total-value figure is copied only when an upstream source states it that way, and is marked as not recomputed. It is not income to the holder and not a rights type." }, { "id": "holder-rights", "term_zh": "权利类型", "term_en": "Rights type", "confidence": "已证实", "layer": "primary", "sentence_zh": "权利类型写持有人对底层股票实际拿到什么：同等股东权利或证券权益，或者债务、票据、证书上的经济敞口。", "sentence_en": "Rights type is what the holder actually receives in the underlying share: equivalent shareholder rights or a security entitlement, or economic exposure under a note or certificate.", "detail_zh": "1:1 抵押不等于登记在发行人的股东名册上。本栏不填写手续费或协议收入。", "detail_en": "One-for-one collateral is not a line on the issuer’s register. This field is not filled with fees or protocol revenue." }, { "id": "audience", "term_zh": "面向用户", "term_en": "Who it faces", "confidence": "已证实", "layer": "primary", "sentence_zh": "面向用户写销售对象和资格限制，以发行文件或产品页已经写明的句子为准。", "sentence_en": "Who it faces is the buyer and the eligibility limit, taken from sentences the offering document or product page already states.", "detail_zh": "「不对美国人销售」只在该产品写明时记为已证实。页面没写的，标未获取。", "detail_en": "“Not sold to U.S. persons” is verified only when that product says so. If the page is silent, the cell stays not obtained." }, { "id": "chain", "term_zh": "链", "term_en": "Chain", "confidence": "已证实", "layer": "primary", "sentence_zh": "链是代币记录或交易发生的账本。链不决定权利。", "sentence_en": "The chain is the ledger where the token is recorded or traded. The chain does not set the rights.", "detail_zh": "公开无许可的账本上仍可以做许可交易。桥到另一条链不改变法律形式。", "detail_en": "A public permissionless ledger can still host permissioned trading. Bridging to another chain does not change the legal form." }, { "id": "not-protocol-revenue", "term_zh": "不把协议收入当成持币人收入", "term_en": "Protocol revenue is not holder income", "confidence": "已证实", "layer": "primary", "sentence_zh": "本站不把协议手续费或协议收入写成持币人的收入。股票代币只分成真权利或合成敞口。", "sentence_en": "This archive does not write protocol fees or protocol revenue as income to the token holder. A stock token is either real rights or synthetic exposure.", "detail_zh": "费用、收入、锁仓若在上游材料里出现，只作为别人的口径被引用，并单独标注置信与是否复算。它们不进入权利类型。", "detail_en": "If fees, revenue, or value locked appear in an upstream source, they are quoted as that source’s measure, with their own confidence label and a note on whether this archive recomputed them. They do not enter the rights type." } ] }