Glossary

The bank, broker-dealer, or trust company an investment adviser must engage to hold client assets under SEC Rule 206(4)-2 — subject to annual surprise examination and direct quarterly reporting to clients.

The governance and maintenance of static data that financial systems depend on — instrument identifiers, counterparty LEIs, and settlement rules — to process transactions correctly.

The post-trade obligation to submit structured trade data — transactions, positions, and order lifecycle events — to regulators under MiFID II, EMIR, Dodd-Frank, and CAT to establish the supervisory record of each trade.

RIA trading platform post-trade is the adviser workflow that verifies model-driven trades after execution across client accounts, allocations, restrictions, custodian feeds, corrections, reconciliation, and audit evidence.

SEC rule requiring broker-dealers to hold customer securities in possession or control and fund the Special Reserve Bank Account through the reserve formula.

The SEC rule requiring registered broker-dealers to create and maintain current books and records for every securities transaction - including the blotter, general ledger, customer account ledgers, order tickets, and net capital computation.

Rule 17a-5 requires registered broker-dealers to file periodic FOCUS Reports and annual audited financial statements with their designated examining authority and the SEC.

RWA settlement operations is the institutional workflow for settling tokenized real-world asset transfers against an on-chain payment leg, with programmable compliance enforcement and continuous oracle-based valuation.

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.