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Customer margin, gross customer exposure, net venue exposure, uncertain actions, capital and available liquidity are checked separately. Sufficient aggregate assets do not imply accessible payout cash. House-funded protection is separate from customer collateral. Reserve designation creates no cash. Eligible claims, committed protection and paid losses remain distinct; unpaid obligations survive fund exhaustion. Final coverage, priority, numerical limits and reserve calibration remain release decisions—not blanket insurance. Customer liquidation, venue auto-deleveraging (ADL) and pool distress differ. Bounded restoration can preserve original entry economics when a replacement actually executes; Cinder bears its replacement-price difference and cost. Unrestored affected same-side quantity is reduced proportionally within its risk unit under the approved finite-lot rule. Cinder does not guarantee that healthy positions never get reduced, venue losses are always insured, or pooled treatment matches native accounts in every scenario. Fees depend on the venue and declared policy; there is no lowest-fee guarantee.