Glossary

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.

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.

Technology layer that processes securities trades after execution — capture, enrichment, matching, settlement, and compliance monitoring — replacing batch-era systems with event-driven workflows for T+1 and hybrid-rail environments.

ISIN and CUSIP are the alphanumeric codes that uniquely identify financial instruments — referenced in almost every trade capture, matching, settlement instruction, and regulatory report.

The operational workflow that sources, manages, and recalls loaned securities — underpinning short selling and collateral financing through regulated locate and borrow processes governed by Regulation SHO Rule 203.