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Cash · Illustrative use case

Collateral Movement Reconciliation

Compare daily margin calls and returns in supplied counterparty, prime broker, and treasury records.

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Margin Call — Jan 13, 2025
Goldman Sachs — Variation Margin
1 break
Prime Broker Statement
Call Amount
€5,000,000
FX Rate (EUR/USD)
1.0842
USD Equivalent
$5,421,000
Internal Treasury
Call Amount
€5,000,000
FX Rate (EUR/USD)
1.0790
USD Equivalent
$5,395,000
USD Variance $26,000
FX rate mismatch
PB used closing rate (1.0842), internal used intraday (1.0790)

Illustrative records and figures. Your workflow uses supplied files or configured sources, with mappings, comparison rules, and review steps agreed during setup.

Discrepancies in call timing, FX rates, or settlement currency can trigger large cash breaks or mis-stated collateral balances.

1

Example source records

Prime broker collateral statement Internal treasury ledger
Counterparty margin call statement Internal margin ledger
2

Differences to investigate

Currency or FX mismatch
Settlement timing differences
Amount offset by accrued interest

From comparison to review

Follow a collateral difference back to its records.

Compare call date, amount, and currency using reviewed mappings and tolerances. Where sources use different currency conventions, agree the preparation rules first. Investigate settlement timing or amount differences with the statement and treasury entry together.

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Bring us your workflow.

We’ll work through your source records, comparison rules, and review needs to find where Boagent can help.

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