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Use caseUC0035

Sort an asset manager's position breaks for supervisor review

Each day the firm's share counts and the custodian's disagree, and every break comes with a memo to read. This app reads each break, judges real mismatch or timing gap, and flags the old real ones for a supervisor.

For the reconciliation deskCross-domain · Wealth & Asset Management

Why it matters

Today's manual process, and the same job with the app

A reconciliation desk at an asset manager or custodian bank, clearing position breaks before a supervisor reviews the queue.

✕Today's manual process

1Read every memo to tell a real mismatch from a trade that will settle on its own.
2Work out the gap between the custodian's count and the firm's, in a spreadsheet.
3Check the age of each break against the aging policy.
4One slip and a real break ages unseen, or a supervisor chases a timing gap.
Every memo read and checked manually

✓With the app

1Each memo is read, and the break is marked real or a timing gap.
2The gap is worked out from the two counts read off the record.
3The age is checked against the aging threshold, every time.
4Only old, real breaks go forward to the supervisor, who decides. Nothing is posted.
Supervisors see only old, real breaks

See it work

One real case, read by the app, step by step

Tobias Okafor's break PB-0020: the custodian shows 1,711 more shares, settlement passed unconfirmed, and it is 12 business days old.

Sort an asset manager's position breaks for supervisor reviewReference appBuilt to be shaped to your process
  1. 1The break record read into ten fields, each tied to the line it came from.
  2. 2The two counts 13,035 shares on the firm's books, 14,746 at the custodian.
  3. 3The memo settlement passed with no confirmation and no correction. Still unresolved.
  4. 4A real break not a timing gap that will clear on its own.
  5. 5Sent for review 1,711 shares apart and 12 business days old. A supervisor decides.

For engineers

How it is built, and how we measured it

All fourteen steps of the build are written up, from the business case to running it in your own environment.

Kit overview →
25 of 25breaks needing review were flagged
0 of 30harmless breaks wrongly flagged
550 of 550break details read exactly rightmeasured in 06 Evals →
7¢to check all 55 breaksmeasured in 07 Unit cost →

The build, step by step

14 steps

Make it yours

What you see is a reference app. We shape it to how you work.

Every part of it is built to change, and none of it means starting over.

Your rulesYour aging policy, what counts as a timing gap, and who reviews which accounts.
Your recordsYour break reports and memos, written the way your analysts already write them.
Your systemsYour reconciliation platform and custodian files, with flagged breaks sent to your review queue.
Your screensThe fields, wording and queue layout your operations team already uses.

Want this for your team?

Talk to us

We can run this on your own position breaks, with your own aging policy, inside your environment.

Talk to us →
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