SLE · COMMON MINIMUM

Programme-anchored consolidation

Thin, bank-dependent domestic absorption is the binding wall.

Binding constraint: Domestic financial-absorption capacity. Governed mechanism: Absorption and financing constraint. Full depth ships on the portfolio schedule.

What changed

2026-07-01 — Minimum estate opened
Governed mechanism: Absorption and financing constraint

Call · posture · falsifiers

Programme-anchored consolidation

Monitor binding constraint; prepare contingencies.

Thin, bank-dependent domestic absorption is the binding wall.

Confirmation of the binding-constraint relief path
Material deterioration of the governed mechanism