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Use caseUC0097

Catch failing trades before the buy-in deadline

Every evening your desk has to decide which failing trades are close to forcing a costly buy-in, market by market, holiday by holiday. This app counts each fail's age at its own market and flags exactly which ones are due.

For the settlements deskWealth & Asset Management · Cross-domain

Why it matters

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

A settlements manager at a brokerage or asset manager, working the evening fails list.

✕Today's manual process

1Open each fail and find its market, then pull that market's own holiday calendar.
2Count the days manually, deciding case by case which ones the market itself caused.
3Check the deadline against the buy-in terms in the agreement, line by line.
4One wrong count forces a buy-in too soon, or misses the deadline and leaves a breach on the file.
Fails counted and dated manually, every evening

✓With the app

1Each fail is opened and its own market's calendar read for you.
2The days are counted, market shutdowns and counterparty delays told apart.
3The deadline is set straight from the buy-in terms on file.
4Hold or instruct is decided, one clear call, every evening.
Every fail counted and dated automatically, every evening

See it work

One real case: what the app found, step by step

A failing trade at Northgate Exchange, six settlement days into its clock, one day short of a forced buy-in.

Catch failing trades before the buy-in deadlineReference appBuilt to be shaped to your process
  1. 1The fail being watched checked again this evening, at its own market.
  2. 2The clock it read seven settlement days is the deadline, at this market.
  3. 3What it found still suspended, not a live delivery failure today.
  4. 4What doesn't count a closed line at the market doesn't add to the count.
  5. 5The count six of seven settlement days used, one day short of the deadline.
  6. 6The call hold. No buy-in ordered on this evening's run.

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 →
0 of 18missed buy-in deadlinesmeasured in 06 Evals →
0 of 94buy-ins started too earlymeasured in 06 Evals →
39 of 41deadline right after a missed eveningmeasured in 01 Business case →
66¢to check all 112 readingsmeasured 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 markets' holiday calendars, buy-in extension periods and your own settlement rulebook.
Your recordsYour exceptions feed, your fails list, and the agreements that set each one's extension period.
Your systemsReads from your settlement and exceptions systems; the watchlist can post back to your own desk tools.
Your screensThe fields, statuses and wording your settlements desk already uses.

Want this for your team?

Talk to us

We can run this on your own fails list and settlement calendars, inside your environment.

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