What are the position and cash reconciliation and what are the position break which doesn't affect the cash rec and vice a versa?

Question

Accepted Answer

Position and cash reconciliation involves comparing the positions and cash balances to ensure accuracy.

Position reconciliation involves comparing the securities held in the portfolio to the records of the custodian or broker.
Cash reconciliation involves comparing the cash balances in the portfolio to the records of the custodian or bank.
Position breaks occur when there are discrepancies in the securities held, but the cash balance is correct.
Cash breaks occur when there are discrepancies in the cash balance, but the positions are correct.
Position breaks do not affect the cash reconciliation and vice versa.

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