Glossary
Every term between trade and settlement.
Pre-agreed instructions specifying how a counterparty's securities and cash should be delivered or received, applied automatically to every qualifying trade.
The authoritative single source of truth for a firm's positions, trades, and accounts — the system of record that all other systems, reports, and compliance functions derive from.
Repurchase agreements using tokenized securities as collateral, settled on distributed ledger infrastructure for atomic DvP and intraday availability.
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.
The automated augmentation of a raw trade capture with settlement instructions, counterparty identifiers, and regulatory fields required for clearing and settlement.
The discipline of tracking a securities trade through every stage — from order and execution to settlement and position update — with exceptions detected at each handoff.