Glossary
Every term between trade and settlement.
Two structural representations of Treasury exposure on distributed ledgers — fund-share wrappers settling via transfer agent and direct tokens settling via DTC — each with distinct finality, pricing, and collateral mechanics.
Post-execution process that splits a block trade into account-level positions, each generating a separate confirmation and settlement obligation.
A trade blotter post-trade workflow turns blotter rows into governed operating records for allocation, enrichment, confirmation, settlement instruction, exception management, reconciliation, supervision, and audit evidence.
Trade break aging measures how long post-trade discrepancies have remained open and converts age, settlement proximity, severity, ownership, and evidence into escalation state.
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.
Trade capture automation is the governed workflow that turns raw execution events into validated, enriched, downstream-ready trade records with source evidence attached.
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.