Glossary

Fixed income post-trade data is the instrument, trade, pricing, accrual, settlement, reporting, and evidence data required to move a bond trade from execution into controlled operating records.

A settlement instruction that transfers an asset without a simultaneous payment leg, exposing the delivering party to principal risk until payment is separately confirmed.

The front to back investment lifecycle is the controlled workflow from investment intent, order, execution, allocation, confirmation, settlement, position, accounting, reconciliation, and reporting evidence.

A fund accounting platform is the controlled operating layer that organizes fund-level records, NAV inputs, expenses, income, allocations, investor activity, reconciliation, approvals, and reporting evidence.

Fund administration operating data is the packet exchanged across the manager–administrator boundary: trade and expense files, the NAV pack, trial-balance shadowing, governed queries, and sign-off evidence.

The 2025 federal law establishing the statutory framework for payment stablecoins — defining issuer tiers, 1:1 HQLA reserve requirements, CEO/CFO certification, and insolvency super-priority for token holders.

Golden source reference data is the approved version of an instrument, entity, market, calendar, SSI, or price fact after sources conflict, a winner is chosen, and downstream systems are allowed to use that version at a stated as-of.

Hedge fund OMS reconciliation compares the fund's internal OMS and operating records against prime broker, custodian, administrator, cash, financing, fee, position, and accounting records.

Human-in-the-loop trade execution is a controlled workflow where software can draft, enrich, validate, or prepare an order, but a human approval state is required before release.