Put market sale and redemption on separate rows
Use a fictional 10,000-unit holding. In the market-sale row, record observed price, available depth, spread, fees and conversion rate. In the redemption row, record eligibility, minimum size, processing time, legal entity and evidence supporting the redemption claim.
If a field is unknown, mark it unknown. Do not substitute the issuer’s marketing phrase for a verified redemption right.
Run three depeg scenarios
Test USD 0.98, USD 0.90 and USD 0.70. Calculate the secondary-market loss in both USD and PHP. Then ask whether the assumed redemption route still exists in each scenario or whether it is precisely the thing the market is doubting.
Add a liquidity-stress scenario
Assume the visible market price is USD 0.90 but the position is too large to sell entirely there. Calculate an average execution at a lower price and compare it with the screen value. This links depeg risk back to the liquidity lesson.
Completion check
The worksheet is complete when it can answer: What can I sell for now? What can I actually redeem for, based on verified rules? How long could conversion take? What is the final practical PHP outcome? Which part of that chain is still an assumption?
*Cryptocurrency and virtual asset transactions are highly volatile and irreversible, may result in significant losses, and do not guarantee returns; customers should trade only after understanding the risks involved.
