PROTOCOL 063 · Working Capital Bridge · CircularOS
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Protocol 063 · New · Sealed 01 May 2026 · CircularOS

Working Capital
Bridge Protocol.

The gap between paying the £200 Carrot and receiving dPRN proceeds is working capital. This protocol defines who can authorise a bridge, under what conditions, through which door, and how repayment is tracked. It is not a rescue protocol. It is the engine-fuel protocol — the system needs capital to run, and this governs how it flows.

Protocol 063 · New £200 Carrot Gap 12 Capital Doors Sovereign Authorisation Truth Ledger Tracked
The Gap · What This Protocol Exists to Bridge
£200
Carrot paid on collection
→
Time passes
£450
dPRN floor received
£250
Gap to fund per tonne
1–14d
Typical gap duration
Step 01 · Identification
Identify the Capital Gap

A working capital gap exists when one or more of the following conditions are true:

  • Carrot payments due within the next 7 days exceed available cash reserves
  • dPRN proceeds outstanding are delayed beyond the expected 14-day settlement window
  • New collection opportunity requires upfront logistics cost before dPRN proceeds arrive
  • Supplier volume spike — a larger-than-usual collection creates a larger-than-usual Carrot liability
Gap Identified
Log the gap in the Truth Ledger: date identified, amount required, cause of gap, expected dPRN proceeds date. This creates the bridge request record.
Step 02 · Authorisation
Sovereign Sign-Off

Every working capital bridge requires Sovereign authorisation before a capital door is approached. The authorisation confirms the gap is real, the amount is proportionate, and the repayment source is identified.

✅ Authorisation Granted If
  • Gap is verified against dPRN pipeline
  • Repayment source is identified (specific dPRN batch)
  • Amount requested ≤ 80% of expected proceeds
  • No open unresolved dispute on the same supplier
  • Bridge amount ≤ £50k (above this requires additional sign-off)
❌ Authorisation Declined If
  • No clear dPRN pipeline to repay from
  • An existing bridge is already outstanding on the same supplier batch
  • Gap is caused by a dispute (use Protocol 062 first)
  • Repayment would require selling below the £450 floor
Step 03 · Door Selection
Choose the Capital Door

The appropriate capital door is selected from the Working Capital Hub (12 doors). Selection is based on timeline, cost, and relationship context.

Door 01 · Shortest Term
Bridge Loan
Cash lump sum. 10–20% return. 3–12 months. Use when speed matters most.
Door 02 · Zero Equity
dPRN Prepayment
Investor buys future dPRNs at £400 vs £450 floor. Immediate cash. 1–6 months.
Door 05 · Cleanest
Grant Advance
80p on the £1 against confirmed grant award. 0% interest. Use when grant is in pipeline.
Door 08 · Largest
ABL Facility
50–70% advance against stacked dPRN inventory. For larger gaps £20k+.

All 12 doors detailed at Working Capital Hub →

Step 04 · Drawdown
Capital Received & Deployed
  • Capital received: Logged in Truth Ledger — date, amount, door used, provider name, repayment terms
  • Deployment: Funds are deployed exclusively to the Carrot payments and logistics costs that triggered the bridge request. No diversion to other operational costs without Sovereign authorisation
  • Carrot payments made: Within 48 hours of capital receipt — suppliers are not made to wait because of the bridge arrangement
  • Supplier notification: Suppliers are not informed of the bridge arrangement — they receive their Carrot on schedule as normal
Step 05 · Repayment
dPRN Proceeds → Bridge Repayment
  • Repayment source identified at authorisation — specific dPRN batch or ABL drawdown
  • Repayment priority: 7% Covenant first, then bridge repayment (including agreed return), then 50/50 split to parties
  • Repayment logged: Truth Ledger entry closed — bridge opened/closed dates, total cost of capital, dPRN batch settled
  • Bridge closed: Provider confirmed as repaid. Truth Ledger entry sealed
Protocol Complete
Bridge repaid. Truth Ledger entry sealed. Capital door provider record updated. Working capital cycle closed.
⚙️ Sovereign Jobs · Roles This Protocol Generates
Bridge Finance Officer
Authorise and administer working capital bridge drawdowns for operators during the gap between £200 Carrot payment and dPRN proceeds receipt.
Drawdown Administrator
Process bridge drawdown requests through the five-step protocol, selecting the correct door (internal/external/partner) for each case.
Repayment Tracker
Track all outstanding bridge repayments, issue reminders at threshold dates, and seal repayment confirmations on the Truth Ledger.
3 sovereign jobs · View all jobs →
Protocol Seal · Working Capital Bridge · 063 · 01 May 2026
The working capital gap is not a failure. It is the space between delivery and settlement — and every sovereign operation that moves tonnage will encounter it. Protocol 063 means that space is crossed with a defined bridge, not a phone call to whoever can help. Sovereign authorisation. Defined door. Exclusive deployment. Tracked repayment. The gap becomes a managed corridor, not a crisis.
← Protocol Hub Protocol 064 → Working Capital Hub Protocol 062
HANDSHAKE — witnesses
Handshake sealed.