Encode
Agree on the model.
Both parties establish a shared basis upfront. Financial data is encoded against this basis: structure is captured as coefficients, the unpredictable part as the residual. Both are treated as private.

Transmit
Only the residual moves
Raw records stay in place. Only the residual and minimal metadata cross the boundary. The custodian model controls who can trigger reconstruction.

Reconstruct
Authorised reconstruction only
The receiving party regenerates the basis and reconstructs the exact original, only when explicitly permitted. Each reconstruction can be logged for compliance.