Glossary
Every term between trade and settlement.
Same-day settlement achieved through atomic delivery versus payment at execution or accelerated same-day netting, requiring zero-latency processing, real-time liquidity management, and deterministic finality.
Compressed post-trade discipline under SEC Rule 15c6-1 — every pre-settlement step must typically complete on trade date, one business day before DvP settlement finality.
Repurchase agreements using tokenized securities as collateral, settled on distributed ledger infrastructure for atomic DvP and intraday availability.
Tokenized money market fund settlement replaces T+1 transfer agent processing with atomic on-chain USDC redemption, giving institutions 24/7 instant liquidity access from yield-bearing fund positions.
Post-execution process that splits a block trade into account-level positions, each generating a separate confirmation and settlement obligation.
The exception workflow for identifying, classifying, and resolving post-trade discrepancies before they breach the T+1 affirmation cutoff or trigger CSDR cash penalties.
The process of resolving data mismatches between trade counterparties before settlement cutoffs to prevent settlement fails.
The system that books an executed trade into the firm's official records and initiates the post-trade processing workflow from enrichment and matching through to settlement instruction.
The automated comparison of trade details between counterparties to verify both sides recorded the same economics before settlement instructions are generated.