Cash
Collateral Movement Reconciliation
Match daily margin calls and returns across counterparties, prime brokers, and internal treasury records.
See it in actionMargin 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)
The problem
Discrepancies in call timing, FX rates, or settlement currency can trigger large cash breaks or mis-stated collateral balances.
1
What you're reconciling
Prime broker collateral statement Internal treasury ledger
Counterparty margin call statement Internal margin ledger
2
Common breaks
Currency or FX mismatch
Settlement timing differences
Amount offset by accrued interest
Boagent advantage
Transaction-level matching with automatic FX normalization.
Boagent unifies all collateral records and matches on call date, amount, and currency—normalizing FX rates automatically. A transaction-level recon designed for treasury and risk control teams.
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