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Thanks!

That makes perfect sense. So, the matrix to convert from camera space to XYZ becomes xyz_rgb*rgb_cam. Does that impact the gamut of colors that can be represented as Camera Space -> sRGB is a narrowing conversion?

But, what exactly is ccm? I know in your earlier comment you mentioned

"ccm is also 'camera color matrix' retireved from RAW in 'as is' (excl. normalizing) form."

but could you provide more details?

Thanks,
Dinesh