This paper proposes a practical methodology for credit structuring based on execution-aware causal modeling of supply-chain processes. Traditional borrower-centric approaches fail to capture localized liquidity stress emerging at specific operational stages. We introduce the Execution–Financing Unit (EFU) as the fundamental analytical unit and define a cash-tension operator to quantify dynamic liquidity imbalances. A bottleneck identification mechanism is developed to detect critical intervention points within execution graphs. Financial instruments are modeled as operators transforming liquidity trajectories, enabling targeted and time-sensitive interventions. The approach combines graph-based representations with causal reasoning and optimization techniques. The proposed framework bridges the gap between theoretical credit risk modeling and real-world execution dynamics, providing a scalable foundation for AI-driven credit decision systems in corporate banking.
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Dmitry Kazakov
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Dmitry Kazakov (Tue,) studied this question.
www.synapsesocial.com/papers/69e07e3b2f7e8953b7cbf2f6 — DOI: https://doi.org/10.5281/zenodo.19565029