Definition: The specific securities or assets owned by a fund or portfolio. Holdings reconciliation is the process of comparing the list of securities, including quantities and identifiers such as ISIN, CUSIP, or Sedol, between the firm’s internal system and the external records provided by a custodian or prime broker.
Example: An operations team checks its internal report, which shows the fund owns 10,000 shares of a specific company. They compare this against the custodian’s report, which only shows 9,500 shares. This difference is a holdings break that must be investigated to see if a recent trade failed or a corporate action was missed.
Explore the IVP Reconciliation Solution
The IVP Reconciliation Solution provides a granular view of holdings across all accounts and asset classes. By automating the daily comparison of positions and tax lots, the solution identifies discrepancies at the earliest possible stage. Our integrated team manages the investigation of position breaks, reconciling differences in security masters or settlement statuses, ensuring the firm always has an accurate view of market exposure.
