Level 3 — TipsLadderManager 4.3 Build ladder

TIPS market data ← 4.1 DARA plan ← 4.2 ladder parameters User per-year DARA build result → 4.5 4.3.1 Resolve per- year DARA 4.3.2 Build the ladder M5 ladder- core.js M14 ref-cpi.js M3 bond-math.js

M5 (ladder-core.js) is specified in SharedModules.md, and the rules it applies in 2.0 TIPS Ladders. Built in tandem with 4.4 Rebalance ladder, since both call the same shared sizing engine (ladder-core.js, M5) rather than each carrying its own copy. The amber circles are shared modules (SharedModules.md), not process steps of this diagram.