Position and Cash Reconciliation demo

What the demo shows

Reconciles books to custodian and prime broker files and explains every break for middle office

The morning's breaks, grouped by cause, are the screen: six blocks sized by value (timing, trade not on custodian, corporate action not booked, unknown, FX rate, fees), each with a count, a confidence and the agents' proposal; one click opens a cause as a list where every break has its explanation and evidence, a second opens one break with the statement line in its original language beside English, the drafted entry, the replay and the agents' thread. Seven agents do the work before the desk arrives. The Intake agent collects the night's files and parses statements in any language; the Matcher agent pairs positions and cash accounts under the firm's rules; the Explainer agent finds the cause of each break and says unknown below 80% confidence; the Fix agent drafts the entry or the custodian query; the Proof agent replays the fund with each fix and returns any draft that fails; the Chaser agent runs the clocks and escalates; the Evidence agent builds the pack. Analysts propose, a different person approves every posting and query, over $5 million the head of middle office approves too, controllers sign their funds and the head signs the day.

Transcript

1. 0:00Position and Cash Reconciliation matches fund books to custodian records and explains every break.
2. 0:09It's from middle office where a one cent in AV error can mean repaying investors.
3. 0:16By 710, a quarter million positions are matched across 46 funds.
4. 0:241,214 breaks remain, all but 51 explained.
5. 0:30In Japan Equity, a 48 million yen break.
6. 0:34the custodian's Japanese statement shows the dividend came a day early.
7. 0:40The fixed agent drafts the entry.
8. 0:43The proof agent replays it.
9. 0:45The break clears. Daniel Osei proposes it, plus the same fix in two more funds.
10. 0:55Controller Ken Ito, a different person, approves at 752.
11. 1:01Aged breaks escalate to the head of middle office with a plain status.
12. 1:07Every cause cited Every posting checked by two people Every step logged Result All 1,214 breaks had a cause or an
13. 1:19owner by 10-15 Built on Botminds Agents, data, screens, and governance on one platform

Transcribed from the film’s narration. Captions are on the player.