Glossary
Every term between trade and settlement.
The IBOR — a real-time position record used by investment managers, capturing unsettled trades, accruals, and corporate actions ahead of custodian confirmation and ABOR settlement.
A two-person segregation of duties control requiring that any action entered by one operator must be reviewed and approved by a second before it takes effect.
The identification and mitigation of risks from failed processes, human errors, technology failures, and external events that disrupt securities operations or cause financial loss.
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 real-time tracking of a firm's securities holdings across all accounts and custodians, updated as trades execute, settle, and corporate actions are applied.
Technology automating post-execution back-office workflows — trade capture, confirmation, settlement, reconciliation, position management, and regulatory compliance.
The governance and maintenance of static data that financial systems depend on — instrument identifiers, counterparty LEIs, and settlement rules — to process transactions correctly.
The point at which an on-chain transaction becomes irrevocable — a property of the consensus mechanism rather than a declaration by any central infrastructure operator.
The irrevocable transfer of legal ownership in a securities transaction — achieved through deterministic, conditional, or probabilistic finality depending on the settlement rail.