Match Trades, Positions, and Corporate Actions Against Custodian and Broker Records Automatically
Keeping the books aligned with custodians and brokers means checking trades, positions, cash, and corporate actions every settlement cycle.
A trade that doesn't settle on the expected date can throw off cash and position balances downstream.
A quantity mismatch that goes unnoticed for a week is far harder to trace back to its source.
Settlement cash that doesn't match the broker's statement can mean a trade settled at the wrong price.
A stock split or dividend that posts incorrectly can misstate a position's value for an entire reporting period.
A break that sits unresolved for weeks is far costlier to fix than one caught the day it appears.
Four steps that take a day's trade and custody data from arrival to a fully reconciled position.
What securities reconciliation needs to cover changes with the type of firm and the asset classes it trades.
Reconciling trades and settlement cash against clearing firms and counterparties daily.
Matching positions and corporate actions against custodian records across multiple funds.
Confirming client holdings match the firm's own books across a large position count.
Catching settlement fails and position breaks before they age into a bigger problem.
Ranking and escalating breaks by risk instead of working through them in no particular order.
Getting a defensible, continuous audit trail for every break and write-off decision.
High trade volumes where manual matching can't keep pace with the settlement cycle.
Positions and collateral that need matching against multiple counterparties at once.
On-chain and custodian records that need reconciling against internal books on a different cadence.
Analysts, approvers, and auditors each see only what their role needs, with every action attributed to a named user.
Custodian statements, broker confirmations, and trade data are encrypted end to end, matching the standards of the systems they come from.
Every match, break, escalation, and approval is logged automatically, with nothing editable after the fact.
Trade, position, and cash breaks surface the day they occur, not days or weeks later.
Breaks are ranked by age and exposure, so the riskiest ones get attention first.
Catching a break early means fewer exceptions ever reach write-off territory.
Trade, position, cash, and corporate action reconciliation all run in the same place.
A full trail of breaks, escalations, and resolutions is ready for risk and compliance review.
Adding counterparties or asset classes doesn't mean adding headcount to settlements.
Kosh AI connects directly with all major banks and ERPs, enabling real-time data sync for faster, more accurate reconciliations—no manual uploads, no delays.
Securities reconciliation software matches a firm's internal trade, position, cash, and corporate action records against the records held by custodians, clearing brokers, and counterparties. It's the check that confirms a trade actually settled as booked, and that a custodian's statement of holdings matches what the firm's own books say it owns.
Done manually, this means an operations analyst comparing a custodian statement line by line against the trade blotter, often across several counterparties that each send data in a different format and on a different schedule. A break that isn't caught quickly, whether it's a failed settlement or a position quantity that's slightly off, only gets more expensive to unwind the longer it sits.
Kosh AI's securities reconciliation software matches trades, positions, cash, and corporate actions against custodian and broker records automatically, ranks breaks by age and risk, and escalates the ones that need attention before they turn into a write-off.
Matching trades and positions by hand can work for a smaller book. See what changes as trade volume and counterparty count grow.
| Feature | Automated Securities Reconciliation | Manual Securities Reconciliation |
|---|---|---|
| Trade Matching | Confirmed against counterparties the same settlement cycle. | Checked against confirmations as they're received, often late. |
| Position Matching | Reconciled against custodian records daily. | Reviewed on whatever cycle staff can manage, often weekly. |
| Break Ranking | Ranked by age and risk automatically. | Worked through in whatever order they're discovered. |
| Corporate Actions | Checked against custodian notifications before posting. | Verified after the fact, once a valuation already looks off. |
| Escalation | Aged breaks escalated automatically before a risk threshold. | Depends on someone noticing a break has been sitting too long. |
| Audit Trail | Assembled automatically as each break is resolved. | Assembled manually before a risk or compliance review. |
A few reasons securities reconciliation keeps moving away from spreadsheets:
Firms where manual matching can't keep pace with daily settlement cycles and counterparty confirmations.
Firms reconciling positions and cash across several counterparties, each with its own format and timing.
Firms where unresolved breaks are starting to sit longer than they should before anyone catches them.
Most firms start with their highest-volume custodian or clearing broker, then expand from there.
Walk in with a settlement break that's been sitting unresolved. We'll show you how fast Kosh AI would have surfaced and ranked it.
Book a DemoTrade and position matching is one piece of the puzzle. Explore the rest of what Kosh AI reconciles.
