From reconciliation to approval
Deterministic workflows reconcile across sources and combine their exceptions into one queue. In this example, 417 of 420 pairs match; 3 exceptions become 2 investigations with 3 proposed corrections.
INV-1042: Unallocated AAPL dividend reinvestment
The prime broker reinvested the SMA 2 dividend in 4 AAPL shares; Advent APX has not booked the shares or the matching cash deduction. 4 AAPL shares at $211.875 total $847.50, exactly offsetting the DRIP cash difference. The corporate action identifies CUSIP 037833100.
APR-082 / APR-083: Approve 4 AAPL DRIP shares (SMA2, CUSIP 037833100) and the separate $847.50 USD cash deduction in Advent APX.
INV-1043: Unbooked GS financing charge
GS posted a $1,850 financing charge to SMA 1 that is absent from the Advent APX cash ledger. The $1,850 financing charge exactly matches the excess IMS cash balance: $85,000 versus prime broker cash of $83,150.
APR-081: Approve the $1,850 GS financing charge in Advent APX (SMA1, USD), reducing the cash balance from $85,000 to $83,150.
The daily email includes these results and the supporting evidence. The operations team reviews the source records and approves the three proposed corrections. Execution remains pending.