Definition: The practice of monitoring how long discrepancies remain unresolved and identifying trends in the root cause. By categorizing breaks by age (e.g., 0-30 days, 31-60 days), firms can measure operational efficiency and identify persistent issues with specific counterparties or data sources.
Example: A hedge fund manager reviews an aging report and notices that 40% of cash breaks are older than five days and are all tied to a single prime broker. This analysis prompts the manager to contact the broker to resolve a systemic data transmission issue.
Explore the IVP Reconciliation Solution
The IVP Reconciliation Solution delivers real-time visibility into operational risk through advanced aging heatmaps and analytics. Because this is a managed service, IVP experts actively analyze aging trends to pinpoint systemic issues in the data supply chain. IVP does more than report on the age of breaks. We work alongside the firm to implement process improvements that reduce the recurrence of aged exceptions and optimize long-term operational performance.
