Let’s talk

Positions · Illustrative use case

Custody vs Prime Broker Position Reconciliation

Compare custodian, prime broker, and internal position records to identify quantity, direction, and settlement differences.

Discuss this workflow
Position Reconciliation
NVDA — NVIDIA Corp
1 break
Goldman Sachs (Prime)
Settled
45,000
Pending
5,000
Total
50,000
State Street (Custodian)
Settled
45,000
Pending
Total
45,000
Internal PMS
Settled
45,000
Pending
5,000
Total
50,000
Unsettled trades missing from custodian
5,000 shares pending settlement not reflected in State Street file

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

Position deltas between PBs and custodians create reporting inconsistencies and can obscure true exposure. Manual comparisons are time-consuming and error-prone.

1

Example source records

Prime broker position file Custodian position file
Custodian position file Internal position export
2

Differences to investigate

Settlement date or fail differences
Shorts vs longs mis-tagged
Unsettled trades missing in one feed

From comparison to review

Give each position difference a starting point.

Choose the source pair, account and security identifiers, and quantity tolerances for each comparison. Carry unmatched records into an investigation with the original values attached, so the team can distinguish timing differences from missing positions.

Explore reconciliation

Bring us your workflow.

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

Discuss your process