Statestreet HCL Services Process Specialist Interview Questions, Process, and Tips

Reconciliation is the process of comparing two sets of records to ensure they are in agreement.

• Reconciliation involves verifying and adjusting financial statements to match with bank statements.

• It is also used in relationships to resolve conflicts and differences.

• Examples include reconciling your checkbook with your bank statement or reconciling differences in a friendship.

• Reconciliation helps in identifying discrepanc

Companies buy back their shares to increase shareholder value, signal confidence in the company, and reduce the number of outstanding shares.

• Increase shareholder value by reducing the supply of shares in the market

• Signal confidence in the company's future prospects

• Utilize excess cash effectively

• Boost earnings per share by reducing the number of outstanding shares

• Defend against hostile takeovers by making the company le

A mutual fund is a type of investment vehicle made up of a pool of money collected from many investors to invest in securities.

• Mutual funds are managed by professional fund managers

• Investors buy shares in the mutual fund and the value of their investment is determined by the performance of the underlying securities

• Mutual funds offer diversification and liquidity to investors

• There are different types of mutual funds suc...read more

Trade life cycle involves various stages from order placement to settlement.

• Trade initiation through order placement

• Trade execution through matching of buy and sell orders

• Trade confirmation through trade details and settlement instructions

• Trade settlement through exchange of cash and securities

• Trade clearing through reconciliation of trade details and settlement instructions