Counterparty Tape

A counterparty tape is a dataset of actual, realized-dollar outcomes supplied by a capital partner who deployed real positions in a specific asset class, the specific evidence required to activate a realized-outcome prediction claim for that class through a preregistered backtest against unseen matters.

A counterparty tape is a dataset supplied by a capital partner, typically a litigation funder or an insurer, containing the actual, realized-dollar outcomes its own funded or insured positions produced, as distinct from the labeled settlement and award distributions this platform's corpus builds from public court and regulatory records. A counterparty tape is the specific evidentiary input required to activate a claim that a model predicts realized-dollar returns for a given asset class, because it is the only data source that actually connects a labeled distribution built from public records to what a real capital structure, with its own advance rate, fee structure, and portfolio position, actually received back. Counterparty tapes are harder to obtain than public court records, since they require a capital partner's direct cooperation and typically involve confidential financial data, and a preregistered backtest run against a counterparty tape has to preserve the same discipline, a frozen model, an unseen scored population, criteria locked before results are seen, that governs any other backtest this platform conducts, with the additional confidentiality safeguards a counterparty's proprietary financial data reasonably requires, since the tape itself is typically among the most sensitive proprietary data either institution holds and shares only under carefully negotiated terms.