> ## Documentation Index
> Fetch the complete documentation index at: https://kamino.com/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# Reporting & Transparency

> What data is available to depositors, how it's sourced, and the verification mechanisms that underpin Commodity Yield

Because Commodity Loans exist off-chain, the transparency framework is designed to give depositors as much visibility as possible into the health and composition of the loan portfolio, through multiple independent channels.

***

## Per-loan data

The Commodity Yield Fund provides per-loan data directly from its loan and risk management systems. This data is ingested by Kamino and displayed in the Commodity Yield vault interface.

| Data point                                  | Granularity                |
| ------------------------------------------- | -------------------------- |
| **Commodity Loan principal**                | Per loan                   |
| **Type of collateral (escrow / commodity)** | Per loan                   |
| **Collateral coverage (contractual)**       | Per loan                   |
| **Approximate tenor / maturity date**       | Per loan                   |
| **Portfolio-weighted collateral coverage**  | Aggregate across all loans |
| **Number of active Commodity Loans**        | Aggregate                  |
| **Total nominal exposure**                  | Aggregate                  |

***

## Monthly independent attestation

<Info>
  An **attestation** is a signed report from an independent accounting firm confirming that stated facts (here, loan balances and collateral coverage) match the underlying records.
</Info>

An independent accounting firm conducts monthly attestations of the Commodity Yield portfolio. Each signed attestation report verifies, among other things:

* the aggregate and per-loan principal outstanding
* collateral coverage and alignment with the documented framework
* key portfolio health indicators, such as loan ageing, defaults, or restructurings

These attestations provide an external verification layer for the off-chain lending activity.

***

## Regulatory oversight

The Commodity Yield Fund is an approved fund under the supervision of the **Cayman Islands Monetary Authority (CIMA)** and is subject to applicable regulatory reporting and oversight. This regulatory status applies exclusively to the Commodity Yield Fund; it does not imply that Kamino, the Institutional Yield SPV, or the on-chain Commodity Yield vault are licensed, approved, or supervised by CIMA.