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Position Reconciliation
Reconcilation & Exception Handling
Learning Outcome
5
Investigate and resolve differences.
4
Identify quantity differences.
3
Understand the reconciliation process.
2
Compare internal and custodian holdings.
1
Explain position reconciliation purpose.
What is Position Reconciliation?
Position Reconciliation is the process of comparing the securities recorded in the fund's internal records with the securities reported by the custodian to make sure the quantity of each security matches.
Comparing Internal Holdings with Custodian Holdings
Position reconciliation is the process of checking each security in the fund's records against the custodian's records to ensure both show the same quantity.
Identifying Quantity Differences
Most quantity differences are caused by timing delays or records that have not yet been updated, rather than by missing securities.
Summary
5
Regular reconciliation ensures accurate records.
4
Differences often result from timing or updates.
3
Identify and investigate differences.
2
Confirm accurate quantities.
1
Compare internal and custodian holdings.
Quiz
Which of the following is a common reason for a quantity difference?
A. Dividend declaration
B. Unsettled trades
C. Interest payment
D. Tax calculation
Quiz-Answer
Which of the following is a common reason for a quantity difference?
A. Dividend declaration
B. Unsettled trades
C. Interest payment
D. Tax calculation
Fund Portfolio Reconciliation &NAV Validation - Position Reconciliation
By Content ITV
