Video Levels and ACES

Videos encoded with video levels can have out of range values (<0 and >100 IRE)

Are ACES input and output transforms supposed to retain information above and below those ranges or are they supposed to clip this information?

On Resolve 14 (beta 3) BTB values are clipped when a Rec.709 input and output transform is selected using ACES color science.

When Resolve is using YRGB Color Managed color science and explicit Rec.709 transforms to ACES and back are used by applying the Color Space Transform effect the values are not clipped.