Governance

A benchmark is trusted because of how it is governed. This page distinguishes adopted design from operational implementation. Controls described as "designed to" are architectural commitments for the verified-reference launch, not claims that an independent committee is already operating.

Structural separation

Cavport's comparability architecture derives from the GLEAM V11.6 market-reference framework. The market-reference function is designed to operate under structural, data-access and decision-making separation from certification activities before participant-level market data are ingested.

Market-reference independence

Certification personnel are designed not to access participant-level pricing, and the market-reference function is designed not to influence certification decisions.

Clean team

Participant-level submissions are designed to be processed by a restricted market-reference function. Security-sensitive operating details are not published.

Methodology governance

Methodology is versioned. Material change follows documented governance and is not applied retroactively without restatement.

Conflicts

A controlling participant is recused from decisions affecting their own submissions.

Data integrity

An evidence hierarchy and manipulation controls govern what may enter a reference; integrity flags route to review rather than silent deletion.

Corrections

Post-publication corrections follow a governed restatement path; original and corrected versions are preserved.

Complaints & protected reporting

A route to raise methodological issues is provided through the corrections channel. A formal protected-reporting channel will be constituted before verified reference launch.

Status

The Public Retail Monitor is operational. The Verified Reference, contributor ingestion, clean-team operations and any independent oversight committee are to be constituted before verified reference launch. No committee members are represented as appointed.

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Cavport publishes historical market context and public-market observations. It does not set or recommend prices, provide appraisals, determine customs value or make legal findings. Public Retail Monitor figures are based on public retail asking prices observed on a defined date and are separate from Cavport Verified References, which are pre-launch. Not a regulated financial benchmark at launch. © 2026 Cavport.