Glossary

Payment stablecoin reserve requirements mandate 1:1 backing of outstanding tokens with high-quality liquid assets — short-duration Treasuries, insured deposits, and central bank balances.

PvP links both currency legs of an FX trade so that neither payment is released unless both are confirmed — the mechanism that prevents one party from delivering its currency and receiving nothing in return.

A performance attribution record is the controlled operating record that explains portfolio return using positions, weights, prices, cash flows, benchmarks, classifications, FX, corporate actions, and evidence.

The PBOR — a position record that extends the IBOR with return attribution, risk analytics, and benchmark data, providing the authoritative basis for investment performance measurement and client reporting.

The 24-principle CPMI-IOSCO framework that every systemically important clearinghouse, CSD, and payment system must satisfy — covering legal basis, settlement finality, money settlement, operational resilience, and disclosure.

Software that converts portfolio transactions, positions, cash, income, accruals, prices, tax lots, and realized gains into controlled accounting and reporting views.

A portfolio accounting system is the controlled architecture that maintains transactions, positions, cash, accruals, valuation inputs, tax lots, reconciliation, and audit evidence for portfolio accounting workflows.

Portfolio risk controls turn exposures, limits, liquidity, counterparty, collateral, and settlement signals into governed post-trade checks, exceptions, approvals, and evidence.

The real-time tracking of a firm's securities holdings across all accounts and custodians, updated as trades execute, settle, and corporate actions are applied.