Custody and Asset Servicing Platform

Books-and-records golden copy, the custody network, and the reconciliation loop

Custody and Asset Servicing Platform Books-and-records golden copy, the custody network, and the reconciliation loop Client · asset owner / IM · Architecture component Client asset owner / IM Instruction Manager · matching, DvP · Architecture component · global custodian Instruction Manager matching, DvP global custodian Sub-custodian · local agent · Architecture component Sub-custodian local agent CSD / ICSD · registry, DvP · Architecture component CSD / ICSD registry, DvP Books & Records · golden copy · Architecture component · global custodian Books & Records golden copy global custodian Asset Servicing · income, CA, proxy, tax · Architecture component · global custodian Asset Servicing income, CA, proxy, tax global custodian Reconciliation · break management · Architecture component · global custodian Reconciliation break management global custodian settlement instr SWIFT ISO 20022 match / DvP post positions credit income income / CA statements depository record clear breaks Legend External Backend Database

Global Custodian

  • • Books & records hold the golden copy of positions and cash
  • • Instruction manager captures, matches, and settles via DvP
  • • Asset servicing runs income, corporate actions, proxy, and tax reclaim

Custody Network

  • • Sub-custodians are local agents into each market
  • • CSD / ICSD is the authoritative depository register
  • • Settlement matches at the depository and moves on DvP

Integrity Loop

  • • Reconciliation compares the golden copy to every external ledger
  • • Differences surface as breaks that must be investigated
  • • Cleared breaks keep the golden copy provably correct

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