Glossary
Every term between trade and settlement.
The completion of allocation, confirmation, and affirmation in DTCC CTM by the 9:00 PM ET industry benchmark on trade date — the operational requirement under SEC Rule 15c6-2 that enables automatic DTC settlement instruction generation for T+1.
SEC Rule 15c3-1 net capital calculation is the controlled workflow a broker-dealer uses to convert books, positions, receivables, liabilities, deductions, and haircuts into a regulatory capital result.
An SEC Rule 606 reporting workflow turns order-routing, venue, rebate, fee, and payment-for-order-flow records into reviewed public quarterly disclosures and customer-specific reports with retained evidence.
Technology layer that processes securities trades after execution — capture, enrichment, matching, settlement, and compliance monitoring — replacing batch-era systems with event-driven workflows for T+1 and hybrid-rail environments.
De-tokenization returns a tokenized security entitlement to its authorised conventional account through controlled token retirement and reconciled record updates.
ISIN and CUSIP are the alphanumeric codes that uniquely identify financial instruments — referenced in almost every trade capture, matching, settlement instruction, and regulatory report.
The operational workflow that sources, manages, and recalls loaned securities — underpinning short selling and collateral financing through regulated locate and borrow processes governed by Regulation SHO Rule 203.
The two-leg settlement lifecycle of a securities loan — FoP delivery of loaned securities, daily mark-to-market margining, and sese.034 recall return — managed as a continuous operational process across the relevant settlement infrastructure.
The operational discipline of maintaining a firm's golden copy — the single authoritative securities reference record kept current through daily vendor scrubbing, conflict resolution, and event-driven lifecycle enrichment.