What is the reconciliation.

Question

Accepted Answer

Reconciliation refers to comparing two sets of Data/record to ensure they are consistent, accurate and in agreement with each other's.

Types of Reconciliations:

Trade Reconciliation: Involves comparing & reconciling trade details such as Quantity, Price, Parties to trade and settlement date.
Position Reconciliation: aims to match and reconcile Holdings/Positions of securities between Internal Systems and Custodian/clearing corporation.
Cash Reconciliation: is the process of comparing and reconciling the cash balances recorded in a company's accounting records with the actual cash balances in its bank accounts. This process is important to ensure the accuracy and completeness of a company's financial records and to identify any discrepancies or errors that need to be resolved.

Accepted Answer

Reconciliation is the process of comparing transaction and activities to supporting documentation.  Further reconciliation are involved and resolved the any discrepancies that have may been destroyed.

What is the reconciliation.

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