Sector Matrices - Banking and Capital Markets (Capital Markets)

Clearance and Settlement (including purc$ases and sales)

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Compensation (including sales and trading)

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Corporate Actions (principal1 di,idends1 interest1 etc!)

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Corporate Actions (principal1 di,idends1 interest1 etc!) Corporate Actions (principal1 di,idends1 interest1 etc!)

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Customer Account Management

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Customer Account Management Customer Account Management

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Customer Account Management Customer Account Management Customer Account Management

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Customer Cas$ and Securities *eceipts&#isbursements

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Customer Cas$ and Securities *eceipts&#isbursements Customer Cas$ and Securities *eceipts&#isbursements

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"ront Office Sales and rading Execution

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"ront Office Sales and rading Execution "ront Office Sales and rading Execution

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+n,estment Banking Acti,it2

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+n,estment Banking Acti,it2 +n,estment Banking Acti,it2

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+n,estment Banking Acti,it2 +n,estment Banking Acti,it2

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urc$ases1 rade a2ables and *ebates

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urc$ases1 rade a2ables and *ebates urc$ases1 rade a2ables and *ebates

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urc$ases1 rade a2ables and *ebates urc$ases1 rade a2ables and *ebates urc$ases1 rade a2ables and *ebates urc$ases1 rade a2ables and *ebates

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rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine

rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer)

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rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine

rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer)

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rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer)


rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine


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rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer)

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rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine

rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine

rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer)

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rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) *outine rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer) rade a2ables&Cas$ #isbursements (ot$er t$an street-side and customer)





aluation and ricing

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aluation and ricing aluation and ricing

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WCGWs C-Ad,isor2 fees are not billed and collected timel2! C-Ad,isor2 fees are not billed and collected timel2! C-Ad,isor2 fees are not billed and collected timel2! C-Ad,isor2 fees are not billed and collected timel2! C-Ad,isor2 fees are not calculated on all eligible accounts! C-Ad,isor2 fees are not calculated on all eligible accounts!

C-Ad,isor2 fees are not calculated on all eligible accounts!

C-Subledger balance does not agrees %it$ t$e general ledger balance!

C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance!

C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance!

C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions!

C-ransactions C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular settlement&non-regular %a2 settling transactions! C-ransactions C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular settlement&non-regular %a2 settling transactions! C-ransactions C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular settlement&non-regular %a2 settling transactions! C-ransactions C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular settlement&non-regular %a2 settling transactions! C-ransactions C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular settlement&non-regular %a2 settling transactions! C-ransactions C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular settlement&non-regular %a2 settling transactions! C-ransactions C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular settlement&non-regular %a2 settling transactions! C-ransactions C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular settlement&non-regular %a2 settling transactions! C-ransactions C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular settlement&non-regular %a2 settling transactions! C-ransactions C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular settlement&non-regular %a2 settling transactions! C-ransactions C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular settlement&non-regular %a2 settling transactions! C-ransactions C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular settlement&non-regular %a2 settling transactions!

C-ransactions C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular settlement&non-regular %a2 settling transactions! C-ransactions C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular settlement&non-regular %a2 settling transactions! C-ransactions C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular settlement&non-regular %a2 settling transactions! C-ransactions C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular settlement&non-regular %a2 settling transactions! C-ransactions C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular settlement&non-regular %a2 settling transactions! E&O- "ictitious&duplicate ad,isor2 fees are recorded!!

E&O- "ictitious&duplicate ad,isor2 fees are recorded!! E&O- "ictitious&duplicate ad,isor2 fees are recorded!! E&O- "ictitious&duplicate ad,isor2 fees are recorded!! E&O-"ictitious customers exist! E&O-"ictitious customers exist! M&-Ad,isor2 M&-Ad,isor2 fees are not calculated or recorded correctl2! M&-Ad,isor2 M&-Ad,isor2 fees are not calculated or recorded correctl2! M&-Ad,isor2 M&-Ad,isor2 fees are not calculated or recorded correctl2! M&-Ad,isor2 M&-Ad,isor2 fees are not calculated or recorded correctl2! M&-Ad,isor2 M&-Ad,isor2 fees are not calculated or recorded correctl2!

M&-+ncorrect M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!!

M&-+ncorrect M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! C1E1*?O-4ncompared C1E1*?O-4ncompared trades remain unidentified and unresol,ed!




*outine *outine


*outine




*outine


*outine


*outine


*outine


*outine *outine


*outine


*outine


*outine


*outine

C1E1*?O-4ncompared C1E1*?O-4ncompared trades remain unidentified and unresol,ed!

C1E1*?O-4ncompared C1E1*?O-4ncompared trades remain unidentified and unresol,ed! C1E11*?O-*ecorded C1E11*?O-*ecorded transactions do not reflect counterpart2 terms!! C1E11*?O-*ecorded C1E11*?O-*ecorded transactions do not reflect counterpart2 terms!! C1E11*?O-*ecorded C1E11*?O-*ecorded transactions do not reflect counterpart2 terms!! C1E11*?O-*ecorded C1E11*?O-*ecorded transactions do not reflect counterpart2 terms!! C1E11*?O-*ecorded C1E11*?O-*ecorded transactions do not reflect counterpart2 terms!! C1E11*?O-*ecorded C1E11*?O-*ecorded transactions do not reflect counterpart2 terms!!

C1E11*?O-*ecorded C1E11*?O-*ecorded transactions do not reflect counterpart2 terms!! C1E11*?O-*ecorded C1E11*?O-*ecorded transactions do not reflect counterpart2 terms!!

C1E11*?O-*ecorded C1E11*?O-*ecorded transactions do not reflect counterpart2 terms!!

C1E11*?O-*ecorded C1E11*?O-*ecorded transactions do not reflect counterpart2 terms!!

C1E11*?O-*ecorded C1E11*?O-*ecorded transactions do not reflect counterpart2 terms!! C1E&O-@Cancel&correct@ C1E&O-@Cancel&correct@ trades are not properl2 recorded!!

C1E&O-@Cancel&correct@ C1E&O-@Cancel&correct@ trades are not properl2 recorded!!

C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!!

C1E&O-@Cancel&correct@ trades are not properl2 recorded!!

C1M&-ransactions files are incorrectl2 calculated and summari0ed!! otals includes summari0ation of financial instruments and commitments1 interest income and expenses1 reali0ed and unreali0ed gains&losses1 and related cas$ receipts and disbursements!





















C-"inancial exposure associated %it$ unresol,ed items is not recorded! C-"inancial exposure associated %it$ unresol,ed items is not recorded!

C-"inancial exposure associated %it$ unresol,ed items is not recorded! C-"inancial exposure associated %it$ unresol,ed items is not recorded! C-"inancial exposure associated %it$ unresol,ed items is not recorded! C-Securities borro%s&loans and repos (and related rebates&interest) are not recorded properl2!! C-Securities borro%s&loans and repos (and related rebates&interest) are not recorded properl2!!

C-Securities borro%s&loans and repos (and related rebates&interest) are not recorded properl2!! C-Securities borro%s&loans and repos (and related rebates&interest) are not recorded properl2!! C-Securities borro%s&loans and repos (and related rebates&interest) are not recorded properl2!! C-Securities borro%s&loans and repos (and related rebates&interest) are not recorded properl2!! C-Securities borro%s&loans and repos (and related rebates&interest) are not recorded properl2!!

C-Securities borro%s&loans and repos (and related rebates&interest) are not recorded properl2!! C-Securities borro%s&loans and repos (and related rebates&interest) are not recorded properl2!! C-Securities borro%s&loans and repos (and related rebates&interest) are not recorded properl2!! C-Securities borro%s&loans and repos (and related rebates&interest) are not recorded properl2!! C-Securities borro%s&loans and repos (and related rebates&interest) are not recorded properl2!!



C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions!

C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions!

C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions!

C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!!

C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!!

C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!!

C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!!

C-ransactions are recorded in t$e %rong account!!

C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!!

C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!!

E&O-"ictitious&duplicate trades are recorded! E&O-"ictitious&duplicate trades are recorded! E&O-"ictitious&duplicate trades are recorded!

E&O-"ictitious&duplicate trades are recorded! E&O-"ictitious&duplicate trades are recorded! E&O-"ictitious&duplicate trades are recorded!

*?O-Cas$ or securities mo,e %it$out proper aut$ori0ation! *?O-Cas$ or securities mo,e %it$out proper aut$ori0ation! *?O-Cas$ or securities mo,e %it$out proper aut$ori0ation! *?O-Cas$ or securities mo,e %it$out proper aut$ori0ation! *?O-Cas$ or securities mo,e %it$out proper aut$ori0ation! *?O-Cas$ or securities mo,e %it$out proper aut$ori0ation! *?O-Cas$ or securities mo,e %it$out proper aut$ori0ation! *?O-Cas$ or securities mo,e %it$out proper aut$ori0ation! *?O-Cas$ or securities mo,e %it$out proper aut$ori0ation!

*?O-Settlement suspense items (i!e! fails1 mone2 differences) remain unidentified and unresol,ed!! *?O-Settlement suspense items (i!e! fails1 mone2 differences) remain unidentified and unresol,ed!! *?O-Settlement suspense items (i!e! fails1 mone2 differences) remain unidentified and unresol,ed!! *?O-Settlement suspense items (i!e! fails1 mone2 differences) remain unidentified and unresol,ed!! *?O-Settlement suspense items (i!e! fails1 mone2 differences) remain unidentified and unresol,ed!! *?O-Settlement suspense items (i!e! fails1 mone2 differences) remain unidentified and unresol,ed!! *?O-Settlement suspense items (i!e! fails1 mone2 differences) remain unidentified and unresol,ed!! *?O-Settlement suspense items (i!e! fails1 mone2 differences) remain unidentified and unresol,ed!!

*?O-Settlement suspense items (i!e! fails1 mone2 differences) remain unidentified and unresol,ed!! *?O-Settlement suspense items (i!e! fails1 mone2 differences) remain unidentified and unresol,ed!!

*?O-Settlement suspense items (i!e! fails1 mone2 differences) remain unidentified and unresol,ed!! *?O-Settlement suspense items (i!e! fails1 mone2 differences) remain unidentified and unresol,ed!!

C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger!

C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger!

C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions!



C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! E&O1 *?O-"ictitious&duplicate pa2roll disbursements are made!! E&O1 *?O-"ictitious&duplicate pa2roll disbursements are made!! E&O1 *?O-"ictitious&duplicate pa2roll disbursements are made!! E&O1 *?O-"ictitious&duplicate pa2roll disbursements are made!! E&O1 *?O-"ictitious&duplicate pa2roll disbursements are made!! E&O1 *?O-"ictitious&duplicate pa2roll disbursements are made!! E&O1 *?O-"ictitious&duplicate pa2roll disbursements are made!! M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!!

M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!! M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!! M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!! M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!! M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!! M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!! M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!! M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!!

M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!!

M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!!

C1E&O1*?O-rincipal1 di,idends and interest breaks are not identified and resol,ed!

C1E&O1*?O-rincipal1 di,idends and interest breaks are not identified and resol,ed! C1E&O1*?O-rincipal1 di,idends and interest breaks are not identified and resol,ed! C1E&O1*?O-rincipal1 di,idends and interest breaks are not identified and resol,ed! C1E&O1*?O-rincipal1 di,idends and interest breaks are not identified and resol,ed!


C1E&O1*?O-rincipal1 di,idends and interest breaks are not identified and resol,ed! C1E&O1*?O-rincipal1 di,idends and interest breaks are not identified and resol,ed!






















C1M&-ransactions files are incorrectl2 calculated and summari0ed!! otals includes summari0ation of financial instruments and commitments1 interest income and expenses1 reali0ed and unreali0ed gains&losses1 and related cas$ receipts and disbursements! C1*?O-oluntar2 corporate actions do not reflect customer instructions!!

C1*?O-oluntar2 corporate actions do not reflect customer instructions!!



C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger!

C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions!


C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! E&O-"ictitious&duplicate corporate actions are recorded! E&O-"ictitious&duplicate corporate actions are recorded! M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!!

M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!! M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!! M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!!

M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!! M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!! M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!! M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!! M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!!

*?O-Setup of principal1 di,idend or interest amounts do not reflect related rig$ts or obligations!!

*?O-Setup of principal1 di,idend or interest amounts do not reflect related rig$ts or obligations!! *?O-Setup of principal1 di,idend or interest amounts do not reflect related rig$ts or obligations!! *?O-Setup of principal1 di,idend or interest amounts do not reflect related rig$ts or obligations!!

*?O-Setup of principal1 di,idend or interest amounts do not reflect related rig$ts or obligations!! C1E11*?O-Customer account acti,it2 is not appropriate for customer profile!! C1E11*?O-Customer account acti,it2 is not appropriate for customer profile!! C1E11*?O-Customer account acti,it2 is not appropriate for customer profile!!

C1E11*?O-Customer account acti,it2 is not appropriate for customer profile!! C1E11*?O-Customer complaints are not captured and&or addressed!!

C1E11*?O-Customer complaints are not captured and&or addressed!! C1E11*?O-Customer statements (electronic or $ard cop2) are not recei,ed b2 customers!! C1E11*?O-Customer statements (electronic or $ard cop2) are not recei,ed b2 customers!! C1E11*?O-Customer statements (electronic or $ard cop2) are not recei,ed b2 customers!! C1E11*?O-Customer statements (electronic or $ard cop2) are not recei,ed b2 customers!! C1E-Account setup does not reflect firm standard or customer expectation! C1E-Account setup does not reflect firm standard or customer expectation! C1E-Account setup does not reflect firm standard or customer expectation! C1E-Account setup does not reflect firm standard or customer expectation! C1E-Account setup does not reflect firm standard or customer expectation! C1E-Account setup does not reflect firm standard or customer expectation! C1E-Account setup does not reflect firm standard or customer expectation! C1E-Account setup does not reflect firm standard or customer expectation! C1E-Account setup does not reflect firm standard or customer expectation!

C1E-Account setup does not reflect firm standard or customer expectation! C-Customer statements (electronic or $ard cop2) do not reflect actual customer cas$ and positions1 including pricing!!

C-Customer statements (electronic or $ard cop2) do not reflect actual customer cas$ and positions1 including pricing!!

C-Customer statements (electronic or $ard cop2) do not reflect actual customer cas$ and positions1 including pricing!! C-Customer statements (electronic or $ard cop2) do not reflect actual customer cas$ and positions1 including pricing!! C-Customer statements (electronic or $ard cop2) do not reflect actual customer cas$ and positions1 including pricing!! C-Customer statements (electronic or $ard cop2) do not reflect actual customer cas$ and positions1 including pricing!! C-Customer statements (electronic or $ard cop2) do not reflect actual customer cas$ and positions1 including pricing!! C-Customer statements (electronic or $ard cop2) do not reflect actual customer cas$ and positions1 including pricing!! C-Customer statements (electronic or $ard cop2) do not reflect actual customer cas$ and positions1 including pricing!!

C-Customer statements (electronic or $ard cop2) do not reflect actual customer cas$ and positions1 including pricing!! C-Customer statements (electronic or $ard cop2) do not reflect actual customer cas$ and positions1 including pricing!!

C-Customer statements (electronic or $ard cop2) do not reflect actual customer cas$ and positions1 including pricing!!

C-Customer statements (electronic or $ard cop2) do not reflect actual customer cas$ and positions1 including pricing!! C-Customer statements (electronic or $ard cop2) do not reflect actual customer cas$ and positions1 including pricing!! E-Broker sets up fi ctitious customer!! E-Broker sets up fi ctitious customer!! E-Broker sets up fi ctitious customer!! E-Broker sets up fi ctitious customer!!

E-Broker sets up fi ctitious customer!!






















C-Cas$ receipts are not recorded %$en recei,ed!! C-Cas$ receipts are not recorded %$en recei,ed!! C-Cas$ receipts are not recorded %$en recei,ed!! C-Cas$ receipts are not recorded %$en recei,ed!! C-Cas$ receipts are not recorded %$en recei,ed!!

C-Cas$ receipts&disbursements are recorded in %rong period!! C-Cas$ receipts&disbursements are recorded in %rong period!! C-Cas$ receipts&disbursements are recorded in %rong period!!



C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger!

C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger!

C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!!

C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!!

C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!!

C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!!

C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! C-ransactions are recorded in t$e %rong account!! E&O-"ictitious&duplicate receipts&disbursements are recorded!

E&O-"ictitious&duplicate receipts&disbursements are recorded! E&O-"ictitious&duplicate receipts&disbursements are recorded! E&O-"ictitious&duplicate receipts&disbursements are recorded! M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!!


*?O-Cas$ or securities mo,e %it$out proper aut$ori0ation! *?O-Cas$ or securities mo,e %it$out proper aut$ori0ation! *?O-Cas$ or securities mo,e %it$out proper aut$ori0ation! *?O-Cas$ or securities mo,e %it$out proper aut$ori0ation! *?O-Cas$ or securities mo,e %it$out proper aut$ori0ation!

*?O-Cas$ or securities mo,e %it$out proper aut$ori0ation! *?O-Cas$ or securities mo,e %it$out proper aut$ori0ation! *?O-Cas$ or securities mo,e %it$out proper aut$ori0ation! *?O-Cas$ or securities mo,e %it$out proper aut$ori0ation! C1E&O-@Cancel&correct@ trades are not properl2 recorded!!


C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C1E&O-@Cancel&correct@ trades are not properl2 recorded!!


C1E&O-@Cancel&correct@ trades are not properl2 recorded!! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions!


C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions!


C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!!

C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! M&-"ront Office calculated trading profit and loss is incorrect!! M&-"ront Office calculated trading profit and loss is incorrect!! M&-"ront Office calculated trading profit and loss is incorrect!! M&-"ront Office calculated trading profit and loss is incorrect!! M&-"ront Office calculated trading profit and loss is incorrect!!

M&-"ront Office calculated trading profit and loss is incorrect!! M&-"ront Office calculated trading profit and loss is incorrect!!

M&-"ront Office calculated trading profit and loss is incorrect!! M&-"ront Office calculated trading profit and loss is incorrect!! M&-"ront Office calculated trading profit and loss is incorrect!!

M&-"ront Office calculated trading profit and loss is incorrect!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!!

M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!!

M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!! M&-+ncorrect commission rates1 asset le,els1 asset management fees1 or pa2roll rates are used!!






















C-Cas$ receipts are not recorded %$en recei,ed!! C-Cas$ receipts are not recorded %$en recei,ed!!

C-Cas$ receipts are not recorded %$en recei,ed!! C-Cas$ receipts are not recorded %$en recei,ed!! C-Cas$ receipts are not recorded %$en recei,ed!!



C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions!




C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! C-ransactions are not recorded!! E&O1*?O-"ees are recogni0ed prior to being earned! E&O1*?O-"ees are recogni0ed prior to being earned! E&O-"ictitious&duplicate in,estment banking transactions are recorded!

M&-+n,estment Banking fees and expenses are incorrectl2 calculated! M&-+n,estment Banking fees and expenses are incorrectl2 calculated! M&-+n,estment Banking fees and expenses are incorrectl2 calculated! M&-+n,estment Banking fees and expenses are incorrectl2 calculated! M&-+n,estment Banking fees and expenses are incorrectl2 calculated! M&-+n,estment Banking fees and expenses are incorrectl2 calculated! C1E&O-+n,oice ad>ustments are not properl2 aut$ori0ed and&or recorded! C1E&O-+n,oice ad>ustments are not properl2 aut$ori0ed and&or recorded! C1E&O-*ebates are recorded prior to meeting all conditions or in error!! C1E&O-*ebates are recorded prior to meeting all conditions or in error!! C1M&-+n,oices are incorrect as to prices1 7uantities1 date ser,ice performed1 etc!! C1M&-+n,oices are incorrect as to prices1 7uantities1 date ser,ice performed1 etc!!

C1M&-+n,oices are incorrect as to prices1 7uantities1 date ser,ice performed1 etc!! C1M&-+n,oices are incorrect as to prices1 7uantities1 date ser,ice performed1 etc!! C1M&-+n,oices are incorrect as to prices1 7uantities1 date ser,ice performed1 etc!! C-All purc$ases&pa2ables incurred are not recorded!! C-All purc$ases&pa2ables incurred are not recorded!!

C-All purc$ases&pa2ables incurred are not recorded!! C-All purc$ases&pa2ables incurred are not recorded!! C-All purc$ases&pa2ables incurred are not recorded!! C-All purc$ases&pa2ables incurred are not recorded!! C-All purc$ases&pa2ables incurred are not recorded!! C-All purc$ases&pa2ables incurred are not recorded!! C-All purc$ases&pa2ables incurred are not recorded!! C-All purc$ases&pa2ables incurred are not recorded!! C-All purc$ases&pa2ables incurred are not recorded!! C-All purc$ases&pa2ables incurred are not recorded!!

C-Coding of purc$ases to t$e G&8 is incorrect!! +ncluding b2 di,ision1 operating unit1 fixed assets1 prepa2ments1 in,entor21 purc$ase discounts1 purc$ases intended to reduce ot$er current liabilities1 and expenses to t$e correct general and subsidiar2 ledger account1 subaccount and&or ot$er appropriate classifications!







C-Coding of purc$ases to t$e G&8 is incorrect!! +ncluding b2 di,ision1 operating unit1 fixed assets1 prepa2ments1 in,entor21 purc$ase discounts1 purc$ases intended to reduce ot$er current liabilities1 and expenses to t$e correct general and subsidiar2 ledger account1 subaccount and&or ot$er appropriate classifications! C-Extensions&totals in rade pa2ables subledger&purc$ases >ournal are incorrect!! C-Extensions&totals in rade pa2ables subledger&purc$ases >ournal are incorrect!! C-Extensions&totals in rade pa2ables subledger&purc$ases >ournal are incorrect!!

C-urc$ases are not recorded in t$e proper period!! C-urc$ases are not recorded in t$e proper period!! C-urc$ases are not recorded in t$e proper period!! C-urc$ases are not recorded in t$e proper period!! C-urc$ases are not recorded in t$e proper period!! C-urc$ases are not recorded in t$e proper period!! C-urc$ases are not recorded in t$e proper period!! C-urc$ases are not recorded in t$e C-urc$ases are not recorded in t$e C-urc$ases are not recorded in t$e C-urc$ases are not recorded in t$e

proper period!! proper period!! proper period!! proper period!!

C-*ecei,ing documents are not generated for all goods recei,ed!!

C-*ecei,ing documents are not generated for all goods recei,ed!! C-*ecei,ing documents are not generated for all goods recei,ed!! C-*ecei,ing documents are not generated for all goods recei,ed!! C-*ecei,ing documents are not generated for all goods recei,ed!! C-rade pa2ables subledger&purc$ases >ournal i ncorrectl2 posts to t$e general ledger!! C-rade pa2ables subledger&purc$ases >ournal i ncorrectl2 posts to t$e general ledger!!

E&O-#ebit memos are generated for no reason!! E&O-#ebit memos are generated for no reason!! E&O-#ebit memos are generated for no reason!! E&O-"ictitious&duplicate purc$ases are recorded!! E&O-"ictitious&duplicate purc$ases are recorded!! E&O-"ictitious&duplicate purc$ases are recorded!! E&O-"ictitious&duplicate purc$ases are recorded!! E&O-"ictitious&duplicate purc$ases are recorded!! E&O-"ictitious&duplicate purc$ases are recorded!! E&O-"ictitious&duplicate purc$ases are recorded!! E&O-"ictitious&duplicate purc$ases are recorded!! E&O-"ictitious&duplicate purc$ases are recorded!! E&O-"ictitious&duplicate purc$ases are recorded!!

E&O-"ictitious&duplicate purc$ases are recorded!! E&O-"ictitious&duplicate purc$ases are recorded!! E&O-"ictitious&duplicate purc$ases are recorded!! E&O-"ictitious&duplicate purc$ases are recorded!! E&O-"ixed asset purc$ases&interest expense are incorrectl2 capitali0ed!! E&O-"ixed asset purc$ases&interest expense are incorrectl2 capitali0ed!! E&O-"ixed asset purc$ases&interest expense are incorrectl2 capitali0ed!! E&O-"ixed asset purc$ases&interest expense are incorrectl2 capitali0ed!!

E&O-"ixed asset purc$ases&interest expense are incorrectl2 capitali0ed!! E&O-"ixed asset purc$ases&interest expense are incorrectl2 capitali0ed!! E&O-urc$ased ser,ices are not aut$ori0ed in accordance %it$ polic2!! polic2!! E&O-urc$ased ser,ices are not aut$ori0ed in accordance %it$ polic2!! polic2!! E&O-urc$ased ser,ices are not aut$ori0ed in accordance %it$ polic2!! polic2!! E&O-urc$ased ser,ices are not aut$ori0ed in accordance %it$ polic2!! polic2!! E&O-urc$ased ser,ices are not aut$ori0ed in accordance %it$ polic2!! polic2!! *?O-*ecorded purc$ases are not e,idenced b2 appropriate documentation and&or %ere not aut$ori0ed prior to assigning rig$ts to assets!! *?O-*ecorded purc$ases are not e,idenced b2 appropriate documentation and&or %ere not aut$ori0ed prior to assigning rig$ts to assets!! *?O-*ecorded purc$ases are not e,idenced b2 appropriate documentation and&or %ere not aut$ori0ed prior to assigning rig$ts to assets!! *?O-*ecorded purc$ases are not e,idenced b2 appropriate documentation and&or %ere not aut$ori0ed prior to assigning rig$ts to assets!!

C-All cas$ disbursements are not recorded!



C-All cas$ disbursements are not recorded! C-All cas$ disbursements are not recorded!

C-All cas$ disbursements are not recorded! C-All cas$ disbursements are not recorded! C-All cas$ disbursements are not recorded! C-All cas$ disbursements are not recorded! C-All cas$ disbursements are not recorded! C-All cas$ disbursements are not recorded! C-All cas$ disbursements are not recorded! C-All cas$ disbursements are not recorded! C-All cas$ disbursements are not recorded! C-All cas$ disbursements are not recorded! C-urc$ases&pa2ables C-urc$ases&pa2ables are not recorded!! C-urc$ases&pa2ables C-urc$ases&pa2ables are not recorded!! C-urc$ases&pa2ables C-urc$ases&pa2ables are not recorded!! C-urc$ases&pa2ables C-urc$ases&pa2ables are not recorded!!



C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance!

C-ransactions C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger!

C-ransactions C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger!

C-ransactions C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger!

C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions (or transaction summaries) are not properl2 posted to t$e general ledger! C-ransactions and pro,isions are improperl2 coded and recorded!! C-ransactions and pro,isions are improperl2 coded and recorded!! C-ransactions and pro,isions are improperl2 coded and recorded!! C-ransactions and pro,isions are improperl2 coded and recorded!! C-ransactions and pro,isions are improperl2 coded and recorded!! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions!


C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! C-ransactions are not posted in t$e correct period!! rade date for regular %a2 settlement transactions!Settlement date for dela2ed settlement&non-regular %a2 settling transactions! E&O-"ictitious&duplicate purc$ases (and related disbursements) are recorded! E&O-"ictitious&duplicate purc$ases (and related disbursements) are recorded! E&O-"ictitious&duplicate purc$ases (and related disbursements) are recorded! E&O-"ictitious&duplicate purc$ases (and related disbursements) are recorded! E&O-"ictitious&duplicate purc$ases (and related disbursements) are recorded! E&O-"ictitious&duplicate purc$ases (and related disbursements) are recorded!

E&O-"ictitious&duplicate purc$ases (and related disbursements) are recorded! E&O-"ictitious&duplicate purc$ases (and related disbursements) are recorded! E&O-"ictitious&duplicate purc$ases (and related disbursements) are recorded! E&O-"ictitious&duplicate purc$ases (and related disbursements) are recorded! M&-Accrued liabilities are not properl2 calculated! M&-Accrued liabilities are not properl2 calculated! M&-Accrued liabilities are not properl2 calculated! M&-Accrued liabilities are not properl2 calculated! M&-Cas$ disbursement&receipt amounts recorded do not agree %it$ amounts paid!!


M&-endor in,oices reflect incorrect prices&7uantities!! M&-endor in,oices reflect incorrect prices&7uantities!!



C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance! C-Subledger balance does not agrees %it$ t$e general ledger balance!

M&1?#-"air ,alue of customer securities is incorrect!!

M&1?#-"air ,alue of customer securities is incorrect!! M&1?#-"air ,alue of customer securities is incorrect!!

M&1?#-"air ,alue of customer securities is incorrect!! M&1?#-"air ,alue of customer securities is incorrect!! M&1?#-"air ,alue of customer securities is incorrect!! M&1?#-"air ,alue of customer securities is incorrect!! M&1?#-"air ,alue of customer securities is incorrect!!

M&1?#-"air ,alue of customer securities is incorrect!! M&1?#-"air ,alue of customer securities is incorrect!! M&1?#-"air ,alue of customer securities is incorrect!!

M&1?#-"air ,alue of customer securities is incorrect!!

M&1?#-"air ,alue of customer securities is incorrect!! M&1?#-"air ,alue of customer securities is incorrect!!

M&1?#-"air ,alue of customer securities is incorrect!! M&1?#-"air ,alue of firm securities is incorrect!! M&1?#-"air ,alue of firm securities is incorrect!! M&1?#-"air ,alue of firm securities is incorrect!! M&1?#-"air ,alue of firm securities is incorrect!! M&1?#-"air ,alue of firm securities is incorrect!! M&1?#-"air ,alue of firm securities is incorrect!!

M&1?#-"air ,alue of firm securities is incorrect!!

M&1?#-"air ,alue of firm securities is incorrect!! M&1?#-"air ,alue of firm securities is incorrect!!

M&1?#-"air ,alue of firm securities is incorrect!!

Controls Aging anal2sis is prepared and monitored regularl2 for outstanding items1 %it$ differences resol,ed on a timel2 basis! Exception reports are generated %$en ad,isor2 and management fees are c$anged! +n,oices are prepared based on agreements and are re,ie%ed b2 appropriate personnel prior to being sent! S2stem %ill generate an aging report of billing and collections for ad,isor2 fees! Confirmations are compared to accounting records b2 a person independent of person entering transactions! +ndependent re,ie% and recal culati on is performed! .ritten documentation and aut$ori0ation must be obtained from t$e customer in order to discretionaril2 manage t$e account!

Control 2pe

+-#ependent Manual Application +-#ependent Manual Application +-#ependent Manual +-#ependent Manual

Manual re,ent

Application balancing procedures are in place to ,alidate t$e completeness and timeliness of subledger postings to t$e general ledger! Application Automated reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application "ail reports are generated and exceptions are resol,ed! "ails ledgers are reconciled mont$l2 from t$e subledger to t$e general ledger and stock record

Application +-#ependent Manual

"irm%ide reconciliation engine is used to reconcile cas$ disbursements and cas$ receipts f rom t$e appropriate subs2stem to t$e general ledger! Application Mont$-end reconciliations of subledgers to t$e general ledger are performed! +-#ependent Manual

*econciliations of trade blotter to t$e subledger1 general ledger and stock records are performed!

+-#ependent Manual

Stock record is balanced dail21 %it$ breaks in,estigated and resol,ed on a timel2 basis!


S2stem automaticall2 ,alidates t$e completeness of data feeds from feeder s2stems!

Application

S2stem is configured to map accounts to financial statement lines!

Application

Accrued liabilit2 accounts are re,ie%ed for reasonableness on a timel2 basis!


An exception report is generated and re,ie%ed for differences bet%een t$e stock record and t$e Street ( i!e! custodians1 depositories)!

Application

Application balancing procedures are in place to ,alidate t$e completeness and timeliness of subledger postings to t$e general ledger! Application Automated reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application

Compliance department monitors esc$eatment processes!


Controller re,ie%s significant transactions to ensure re,enue is recogni0ed in accordance %it$ polic2!


Exception reports are generated for differences bet%een t$e back-office s2stem and t$e clearing organi0ation!

Application

Exception reports are generated for position and mone2 out of balance conditions!

Application

Exception reports are generated %$en ad,isor2 and management fees are c$anged! Application

Exception reports1 including all suspense items1 are automaticall2 generated b2 t$e s2stem and re,ie%ed! Application

"i nancial statements and trial balance are re,ie%ed!


"irm%ide reconciliation engine is used to reconcile cas$ disbursements and cas$ receipts from t$e appropriate subs2stem to t$e general ledger! Application

Manual date o,errides are restricted to aut$ori0ed personnel!

Application

Mont$-end reconciliations of subledgers to t$e general ledger are performed! +-#ependent Manual 'onstandard >ournal entries are automaticall2 routed to appropriate personnel for appro,al!

Application

*econciliations bet%een t$e back-office s2stem and t$e clearing organi0ation are performed!


*econciliations of nostro (compan2s accounts $eld b2 ot$ers) balances at t$e clearing organi0ations and ot$er fi nancial institutions are performed dail2!




Securities lending subledger is reconciled to t$e general ledger1 %it$ differences in,estigated and resol,ed on a timel2 basis!




Support for nonstandard >ournal entries is re,ie%ed!


Suspense and clearing accounts are re,ie%ed and reconciled on a timel2 basis!



Application

ickets are prepared b2 t$e rader and reconciled to t$e s2stem blotter on a dail2 basis!


rades in excess of establis$ed li mits are re>ected1 flagged and logged prior to entr2!


rading limits are establis$ed b2 an independent management team for eac$ product and rader! Confirmations are compared to t$e accounting records b2 a person independent of t$e person entering t$e transactions! Customer account opening process1 customer information1 and customer suitabilit2 are ,alidated prior to customer set-up in t$e s2stem! Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! S2stem %il l not allo% duplicate >ournal entr2 numbers! Confirmations are compared to accounting records b2 a person independent of person entering transactions! Customer addresses are ,alidated and independentl2 confirmed! Ad,isor2 fees calculations are independentl2 re,ie%ed for reasonableness! Confirmations are compared to accounting records b2 a person independent of person entering transactions! Controller re,ie%s significant transactions to ensure re,enue is recogni0ed in accordance %it$ polic2! roduct Controller re,ie%s dail2 profit and loss for reasonableness! *esults are compared to budget and prior periods!

Manual re,ent +-#ependent Manual

Manual re,ent +-#ependent Manual Appli cation +-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual

An automatic comparison of purc$ased and sold securities produces a commission(s) break report!

Application

Appropriate personnel re,ie% and compare trade all tickets %it$ supporting documentation!


Commission rates are independentl2 monitored!


Confirmations are compared to accounting records b2 a person independent of person entering transactions! +-#ependent Manual Controller re,ie%s significant transactions to ensure re,enue is recogni0ed in accordance %it$ polic2! +-#ependent Manual Credit *isk Management aut$ori0es and appro,es counterpart2 exposure limits Manual re,ent Exception reports are generated for position and mone2 out of balance conditions! Application Exception reports1 including all suspense items1 are automaticall2 generated b2 t$e s2stem and re,ie%ed! Application 9* aut$ori0es c$anges in emplo2ment status! Manual re,ent +n,oices are prepared based on agreements and are re,ie%ed b2 appropriate personnel prior to being sent! +-#ependent Manual roduct Controller re,ie%s dail2 profit and loss for reasonableness! +-#ependent Manual *esults are compared to budget and prior periods! +-#ependent Manual S2stem generates notices or reports %$en commission rates are c$anged! Application S2stem generates transaction confirmations for eac$ trade on t$e trade date and t$en automaticall2 sends it to counterparties Application rading limits are establis$ed b2 an independent management team for eac$ product and rader! Manual re,ent alues of existing balances are electronicall2 ,erified t$roug$ t$e securities transfer s2stem! +-#ependent Manual Management regularl2 re,ie%s ke2 operations risk indicators!


rade confirmations from counterparties are recei,ed! ransaction details are compared %it$ information from counterparties (i!e! purc$ases and sales) prior to settlement1 %it$ differences in,estigated and resol,ed! Audit trail of c$anges made to models are produced and re,ie%ed! #ocumentation of c$anges made to models is produced b2 t$e s2stem! Market ,alidations1 calendar data and order information is captured and ,alidated! ricing b2 traders performed manuall2 is independentl2 re,ie%ed for reasonableness! roduct Controller re,ie%s dail2 profit and loss for reasonableness! S2stem automaticall2 prices securities using ,alid market data feeds!

Manual #etect

+-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual Application

S2stem generates transaction confirmations for eac$ trade on t$e trade date and t$en automaticall2 sends it to counterparties Application rade details are matc$ed to independent confirm b2 independent indi,idual! +-#ependent Manual ransaction details are compared %it$ information from counterparties (i!e! purc$ases and sales) prior to settlement1 %it$ differences in,estigated and resol,ed! +-#ependent Manual ransactions for %$ic$ details do not agree to securit2 master file are re>ected and listed on an exceptions report for re,ie%! Application 4npriced securities are manuall2 priced b2 appropriate personnel using t$ird-part2 broker 7uotes or ot$er independent sources! +-#ependent Manual @Cancel&correct@ trades are flagged once processed and re,ie%ed! +-#ependent Manual Aging anal2sis is prepared and monitored regularl2 for outstanding items1 %it$ differences resol,ed on a timel2 basis!


An exception report is generated and re,ie%ed for differences bet%een t$e stock record and t$e Street ( i!e! custodians1 depositories)! Application Application $as an audit trail of all cancel&correct trade information and t$at information is re,ie%ed! +-#ependent Manual Controller re,ie%s significant transactions to ensure re,enue is recogni0ed in accordance %it$ polic2! +-#ependent Manual #ail2 in,estigation of ne% fails is performed "ails greater t$an xx da2s outstanding are confirmed for bot$ amount and s$ares! "ails ledgers are reconciled mont$l2 from t$e subledger to t$e general ledger and stock record +ndependent function performs c$ecks to ensure t$at t$e aggregate trading limits are not exceeded! 5ournal entries made to clear suspense accounts are re,ie%ed and appro,ed


$one con,ersations are recorded! *econciliations of trade blotter to t$e subledger1 general ledger and stock records are performed! Stock record is balanced dail21 %it$ breaks in,estigated and resol,ed on a timel2 basis! rade details are matc$ed to independent confirm b2 independent indi,idual! rading limits are establis$ed b2 an independent management team for eac$ product and rader!

Manual #etect

+-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual

+-#ependent Manual +-#ependent Manual +-#ependent Manual Manual re,ent

ransaction details are compared %it$ information from counterparties (i!e! purc$ases and sales) prior to settlement1 %it$ differences in,estigated and resol,ed! +-#ependent Manual


Application

Application balancing procedures are in place to ,alidate t$e completeness and timeliness of subledger postings to t$e general ledger! Application

Automatic reconciliations bet%een t$e purc$ases and sales s2stem and t$e trade s2stem are performed!

Application

Confirmations are compared to accounting records b2 a person independent of person entering transactions!




Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual

Customer credits and debits are reconciled to t$e general ledger prior to completion of t$e calculation!


#ail2 front to back position reconciliations are performed!



+ndependent re,ie% and recalculation is performed!


+n,oices are prepared based on agreements and are re,ie%ed b2 appropriate personnel prior to being sent! +-#ependent Manual

'ig$tl2 report produced comparing settled trade ticket interest to an independentl2 calculated amount


roduct Controller re,ie%s dail2 profit and loss for reasonableness!




*eports are generated to identif2 additions1 c$anges1 or deletions to t$e mapping tables! Application

Securit2 master file details ,alidated b2 eit$er comparison to market data feeds or secondar2 re,ie%!


Settlement date acti,it2 is reconciled to appropriate subledger accounts1 %it$ differences in,estigated and resol,ed on a timel2 basis!


S2stem generates transaction confirmations for eac$ trade on t$e trade date and t$en automaticall2 sends it to counterparties Application


Application

ransactions for %$ic$ details do not agree to securit2 master file are re>ected and listed on an exceptions report for re,ie%! Application

alues of existing balances are electronicall2 ,erified t$roug$ t$e securities transfer s2stem! +-#ependent Manual Aging anal2sis is prepared and monitored regularl2 for outstanding items1 %it$ differences resol,ed on a timel2 basis! Exception reports are generated for position and mone2 out of balance conditions!

+-#ependent Manual Application

"ails greater t$an xx da2s outstanding are confirmed for bot$ amount and s$ares!


Management regularl2 re,ie%s ke2 operations risk indicators!




#ail2 front to back position reconciliations are performed! Exception reports recei,ed from clearing corporations are re,ie%ed dail2


8oan'et or e7ui,alent securities lending subledger is reconciled to t$e general ledger %it$ differences in,estigated and resol,ed on a timel2 basis! +-#ependent Manual Mont$-end reconciliation of subledger to customer&broker statements is performed! +-#ependent Manual Mont$-end reconciliations of subledgers to t$e general ledger are performed! +-#ependent Manual $one con,ersations are recorded!

Manual #etect

*ebates are re,ie%ed for reasonableness based on acti,it2


S2stem generates transaction confirmations for eac$ trade on t$e trade date and t$en automaticall2 sends it to counterparties Application ickets are prepared b2 t$e rader and reconciled to t$e s2stem blotter on a dail2 basis! +-#ependent Manual rade confirmations from counterparties are recei,ed! Manual #etect rade details are matc$ed to independent confirm b2 independent indi,idual! +-#ependent Manual alues of existing balances are electronicall2 ,erified t$roug$ t$e securities transfer s2stem! +-#ependent Manual Application balancing procedures are in place to ,alidate t$e completeness and timeliness of subledger postings to t$e general ledger! Application

Automated reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application "ail reports are generated and exceptions are resol,ed! "ails ledgers are reconciled mont$l2 from t$e subledger to t$e general ledger and stock record


"irm%ide reconciliation engine is used to reconcile cas$ disbursements and cas$ receipts from t$e appropriate subs2stem to t$e general ledger! Application Mont$-end reconciliations of subledgers to t$e general ledger are performed! *econciliations of trade blotter to t$e subledger1 general ledger and stock records are performed! Stock record is balanced dail21 %it$ breaks in,estigated and resol,ed on a timel2 basis! S2stem automaticall2 ,alidates t$e completeness of data feeds from feeder s2stems! S2stem is configured to map accounts to financial statement lines!

+-#ependent Manual +-#ependent Manual +-#ependent Manual Application Application




Application







Application


Application

Exception reports are generated %$en ad,isor2 and management fees are c$anged! Application Exception reports1 including all suspense items1 are automaticall2 generated b2 t$e s2stem and re,ie%ed! Application





Application


Application
















Application





rading limits are establis$ed b2 an independent management team for eac$ product and rader!

Manual re,ent

Automated reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application Automatic reconciliation bet%een t$e front-office s2stem and clearing broker is performed b2 t$e s2stem! Application Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual

$one con,ersations are recorded!

Manual #etect

*econciliation of trade blotter to sub ledger1 general ledger and stock record




*egular timel2 re,ie% of ke2 operations risk indicators is performed b2 appropriate personnel! Application *eports are generated to identif2 additions1 c$anges1 or deletions to t$e mapping tables! Application S2stem generates transaction confirmations for eac$ trade on t$e trade date and t$en automaticall2 sends it to counterparties Application rade confirmations are electronicall2 produced and sent to customers! Application rade confirmations from counterparties are recei,ed! Manual #etect rade details are matc$ed to independent confirm b2 independent indi,idual! +-#ependent Manual rades in excess of establis$ed li mits are re>ected1 flagged and logged prior to entr2! +-#ependent Manual rading limits are establis$ed b2 an independent management team for eac$ product and rader! Manual re,ent An exception report is generated and re,ie%ed for differences bet%een t$e stock record and t$e Street ( i!e! custodians1 depositories)! Controller re,ie%s significant transactions to ensure re,enue is recogni0ed in accordance %it$ polic2! "ails ledgers are reconciled mont$l2 from t$e subledger to t$e general ledger and stock record +nstructions for trade allocations are independentl2 ,erified to customer instructions! 5ournal entries made to clear suspense accounts are re,ie%ed and appro,ed Mont$ end reconciliation of subledger to customer&broker statements

Application +-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual

*econciliation of trade blotter to sub ledger1 general ledger and stock record Settlement date acti,it2 is reconciled to appropriate subledger accounts1 %it$ differences in,estigated and resol,ed on a timel2 basis! S2stem automaticall2 ,alidates t$e completeness of data feeds from feeder s2stems!



S2stem generates transaction confirmations for eac$ trade on t$e trade date and t$en automaticall2 sends it to counterparties Application S2stem is configured to map accounts to financial statement lines! S2stem ,alidates t$e completeness of data feeds from feeder s2stems!

Application Application

rade confirmations from counterparties are recei,ed! Manual #etect rade details are matc$ed to independent confirm b2 independent indi,idual! +-#ependent Manual rades can be processed onl2 for ,alidated customer and&or proprietar2 accounts! Application alues of existing balances are electronicall2 ,erified t$roug$ t$e securities transfer s2stem! +-#ependent Manual Application controls %it$in t$e trading s2stem or order management s2stem are in place to ensure t$at t$e trades are for ,alid securities! Application Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual Suspense and clearing accounts are re,ie%ed and reconciled on a timel2 basis! +-#ependent Manual S2stem reconciles executed trades to electronic confirmations or notice of executions recei,ed from t$e contra-broker or trading s2stem! Application S2stem %il l not allo% duplicate >ournal entr2 numbers!

Appli cation

S2stem %ill not allo% duplicate trade +# or trade ticket numbers!

Application

Automated reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual #ata feeds to subledger s2stems contain control totals1 %$ic$ are re,ie%ed! Application Electronic funds transfer exception report is produced b2 t$e s2stem for re>ected transactions! Application Exception reports are generated for position and mone2 out of balance conditions! Application roper aut$ori0ation1 testing and c$ange procedures exist o,er electronic funds transfer transactions! Manual re,ent Stock record is balanced dail2 and breaks are in,estigated timel2 +-#ependent Manual ransactions cannot be settled unless entered into t$e subledger s2stem Application Aging anal2sis is prepared and monitored regularl2 for outstanding items1 %it$ differences resol,ed on a timel2 basis! Exception reports are generated for position and mone2 out of balance conditions! Exception reports recei,ed from clearing corporations are re,ie%ed dail2! "ails and operational suspense accounts are s2stematicall2 aged and aging is re,ie%ed b2 management! "ails greater t$an xx da2s outstanding are confirmed for bot$ amount and s$ares! "ails ledgers are reconciled mont$l2 from t$e subledger to t$e general ledger and stock record 5ournal entries made to clear suspense accounts are re,ie%ed and appro,ed Management regularl2 re,ie%s ke2 operations risk indicators!

+-#ependent Manual Application Application +-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual



*egular timel2 re,ie% of ke2 operations risk indicators!


Settlement date acti,it2 is reconciled to appropriate subledger accounts1 %it$ differences in,estigated and resol,ed on a timel2 basis! Suspense and clearing accounts are re,ie%ed and reconciled on a timel2 basis!




Application

Application balancing procedures are in place to ,alidate t$e completeness and timeliness of subledger postings to t$e general ledger! Application Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Controller re,ie%s significant transactions to ensure re,enue is recogni0ed in accordance %it$ polic2! +-#ependent Manual Exception reports1 including all suspense items1 are automaticall2 generated b2 t$e s2stem and re,ie%ed! Application "irm%ide reconciliation engine is used to reconcile cas$ disbursements and cas$ receipts from t$e appropriate subs2stem to t$e general ledger! Application Mont$-end reconciliations of subledgers to t$e general ledger are performed! +-#ependent Manual Suspense and clearing accounts are re,ie%ed and reconciled on a timel2 basis! +-#ependent Manual S2stem automaticall2 ,alidates t$e completeness of data feeds from feeder s2stems! Application S2stem is configured to map accounts to financial statement lines! Application Accrued liabilit2 accounts are re,ie%ed for reasonableness on a timel2 basis!



Application







Application


Application






Application


Application
















Application





rading limits are establis$ed b2 an independent management team for eac$ product and rader! Accrued liabilit2 accounts are re,ie%ed for reasonableness on a timel2 basis! Confirmations are compared to accounting records b2 a person independent of person entering transactions!

Manual re,ent +-#ependent Manual +-#ependent Manual

Management re,ie%s assumptions supporting t$e liabilities!

Manual re,ent

*esults are compared to budget and prior periods! S2stem is configured to map accounts to financial statement lines! S2stem ,alidates t$e completeness of data feeds from feeder s2stems!

+-#ependent Manual Application Application

S2stem %il l not allo% duplicate >ournal entr2 numbers! Appli cation Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Customer account opening process1 customer information1 and customer suitabilit2 are ,alidated prior to customer set-up in t$e s2stem! Manual re,ent Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual Customer complaints are independentl2 in,estigated and resol,ed +-#ependent Manual Exception reports1 including all suspense items1 are automaticall2 generated b2 t$e s2stem and re,ie%ed! Application Suspense and clearing accounts are re,ie%ed and reconciled on a timel2 basis! +-#ependent Manual S2stem automaticall2 ,alidates t$e completeness of data feeds from feeder s2stems! Application S2stem is configured to map accounts to financial statement lines! Application endor statements are reconciled to trade pa2ables detail!


An automatic comparison of purc$ased and sold securities produces a commission(s) break report!

Application

Appropriate personnel re,ie% and compare trade all tickets %it$ supporting documentation!


Commission rates are independentl2 monitored!


Confirmations are compared to accounting records b2 a person independent of person entering transactions! +-#ependent Manual Controller re,ie%s significant transactions to ensure re,enue is recogni0ed in accordance %it$ polic2! +-#ependent Manual Credit *isk Management aut$ori0es and appro,es counterpart2 exposure limits Manual re,ent Exception reports are generated for position and mone2 out of balance conditions! Application Exception reports1 including all suspense items1 are automaticall2 generated b2 t$e s2stem and re,ie%ed! Application 9* aut$ori0es c$anges in emplo2ment status! Manual re,ent +n,oices are prepared based on agreements and are re,ie%ed b2 appropriate personnel prior to being sent! +-#ependent Manual roduct Controller re,ie%s dail2 profit and loss for reasonableness! +-#ependent Manual *esults are compared to budget and prior periods! +-#ependent Manual S2stem generates notices or reports %$en commission rates are c$anged! Application S2stem generates transaction confirmations for eac$ trade on t$e trade date and t$en automaticall2 sends it to counterparties Application rading limits are establis$ed b2 an independent management team for eac$ product and rader! Manual re,ent alues of existing balances are electronicall2 ,erified t$roug$ t$e securities transfer s2stem! +-#ependent Manual Aging anal2sis is prepared and monitored regularl2 for outstanding items1 %it$ differences resol,ed on a timel2 basis!


"irm%ide reconciliation engine is used to reconcile cas$ disbursements and cas$ receipts from t$e appropriate subs2stem to t$e general ledger! Application 5ournal entries made to clear suspense accounts are re,ie%ed and appro,ed +-#ependent Manual Mont$-end reconciliations of subledgers to t$e general ledger are performed! +-#ependent Manual 'ig$tl2 report produced comparing settled trade ticket interest to an independentl2 calculated amount +-#ependent Manual *econciliations of nostro (compan2s accounts $eld b2 ot$ers) balances at t$e clearing organi0ations and ot$er fi nancial institutions are performed dail2!


$e back office s2stem $as a function t$at allocates t$e principal1 di,idends and interest receipt to t$e respecti,e customers accounts based on t$e stock record! *esidual mone2 or securities are $eld in suspense or in an abandoned propert2 account! Application rade confirmations are electronicall2 produced and sent to customers! Application ransactions for %$ic$ details do not agree to securit2 master file are re>ected and listed on an exceptions report for re,ie%! Application


Application



Application



























Application


alues alues of existing balances are electronicall2 ,erified t$roug$ t$e securities transfer s2stem! +-#ependent Manual Automated ,oluntar2 ,oluntar2 corporate actions actions is re,ie%ed and appro,ed! +-#ependent +-#ependent Manual Manual Secondar2 re,ie% of notifications to transfer agents for nonautomated corporate actions to ensure t$e2 properl2 reflect customer instructions! An exception report report is generated and and re,ie%ed for differences differences bet%een t$e stock record and t$e Street ( i!e! custodians1 depositories)!

Manual #etect

Application

Application balancing procedures are in place place to ,alidate t$e completeness and timeliness of subledger postings to t$e general ledger! Application

Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Controller re,ie%s significant transactions to ensure re,enue is recogni0ed in accordance %it$ polic2!


Exception reports1 including all suspense items1 are automaticall2 generated b2 t$e s2stem and re,ie%ed! Application "irm%ide reconciliation engine is used to reconcile cas$ disbursements and cas$ receipts from t$e appropriate subs2stem to t$e general ledger! Application Mont$-end reconciliations of subledgers to t$e general ledger are performed! +-#ependent Manual Suspense and clearing accounts are re,ie%ed and reconciled on a timel2 basis! +-#ependent Manual S2stem automaticall2 ,alidates t$e completeness of data feeds from feeder s2stems! Application S2stem is configured to map accounts to financial statement lines! Application Accrued liabilit2 accounts are are re,ie%ed for reasonableness reasonableness on a timel2 basis! An exception report report is generated and and re,ie%ed for differences differences bet%een t$e stock record and t$e Street ( i!e! custodians1 depositories)!


Application

Application balancing procedures are in place place to ,alidate t$e completeness and timeliness of subledger postings to t$e general ledger! Application Automated reconciliation reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application

Comp Complia lianc nce e depa depart rtme ment nt mon monit itor ors s esc$ esc$ea eatm tmen entt proc proces esse ses! s!

+-# +-#ep epen ende dent nt Man Manua uall




Application


Application


"i na nancial st statements an and tr trial ba balance ar are re re,ie%ed!

+-#ependent Ma Manual


Manua Manuall date date o,er o,errid rides es are are rest restric ricted ted to aut$ aut$ori ori0ed 0ed person personnel nel!!

Applica Applicatio tion n


Application





*econciliations of trade blotter to t$e subledger1 general general ledger and stock records are performed!


Securities lending subledger is reconciled to t$e general ledger1 %it$ differences in,estigated in,estigated and resol,ed on a timel2 basis!




Support fo for no nonstandard >o >ournal en entries is is re re,ie%ed!

+-#ependent Ma Manual




Application





rading limits are establis$ed b2 an independent management management team for eac$ product and rader! Corp Corpor orat ate e acti action ons s peri period odic ical all2 l2 re, re,ie ie%e %ed d for for aut$ aut$or ori0 i0at atio ion! n! Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed!

Manual re,ent Manu Manual al #et #etec ectt +-#ependent Manual +-#ependent Manual

Customer account opening process1 customer information1 and customer suitabilit2 are ,alidated prior to customer set-up in t$e s2stem! Manual re,ent Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual Customer complaints are independentl2 in,estigated and resol,ed +-#ependent Manual

Exception reports1 including all suspense items1 are automaticall2 generated b2 t$e s2stem and re,ie%ed! Application Suspense and clearing accounts are re,ie%ed and reconciled on a timel2 basis!



Application


Application

endor statements are reconciled to trade pa2ables detail!



Application

"irm%ide reconciliation engine is used to reconcile cas$ disbursements and cas$ receipts from t$e appropriate subs2stem to t$e general ledger! Application Mont$l2 reconciliation to rustee&a2ing Agent Statement Securit2 master file details ,alidated b2 eit$er comparison to market data feeds or secondar2 re,ie%! $e back office s2stem $as a function t$at allocates t$e principal1 di,idends and interest receipt to t$e respecti,e customers accounts based on t$e stock record! *esidual mone2 or securities are $eld in suspense or in an abandoned propert2 account! Credit *isk Management aut$ori0es and appro,es counterpart2 exposure limits Credit %ort$iness of existing counterparties is assessed periodicall2! Customer sale&in,estment recommendations are re,ie%ed b2 accounting and compliance function! .ritten documentation and aut$ori0ation must be obtained from t$e customer in order to discretionaril2 manage t$e account! Customer sale&in,estment recommendations are re,ie%ed b2 accounting and compliance function!

+-#ependent Manual +-#ependent Manual

Application Manual re,ent Manual #etect +-#ependent Manual

Manual re,ent +-#ependent Manual

$one con,ersations are recorded!

Manual #etect

Acti,it2 in t$e @$old mail@ account is independentl2 monitored!


+nterruptions in normal statement deli,er2 are identified and in,estigated!


Manual c$anges to statements re7uire secondar2 appro,al! Statements returned are in,estigated and resol,ed on a timel2 basis!


Acti,it2 in t$e @$old mail@ account is independentl2 monitored! Confirmations are compared to accounting records b2 a person independent of person entering transactions! Credit *isk Management aut$ori0es and appro,es counterpart2 exposure limits



+-#ependent Manual Manual re,ent

Customer addresses are ,alidated and independentl2 confirmed! +-#ependent Manual Customer sale&in,estment recommendations are re,ie%ed b2 accounting and compliance function! +-#ependent Manual +nterruptions in normal statement deli,er2 are identified and in,estigated! +-#ependent Manual Manual c$anges to statements re7uire secondar2 appro,al!


'e% accounts are appro,ed b2 branc$ managers! Statements returned are in,estigated and resol,ed on a timel2 basis!

Manual re,ent

.ritten documentation and aut$ori0ation must be obtained from t$e customer in order to discretionaril2 manage t$e account!


Manual re,ent

Anal2tical procedures on balances b2 account t2pe are prepared timel2 and re,ie%ed b2 appropriate personnel! Application Automated reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application

Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual Customer trading acti,it2 is monitored and logs are retained!



Application

Management compares financial statement disclosures to underl2ing data! +-#ependent Manual Mont$-end reconciliation of subledger to customer&broker statements is performed! +-#ependent Manual Mont$-end reconciliations of subledgers to t$e general ledger are performed! +-#ependent Manual Order matc$ing procedures are in place!

Application

artiall2 and unsecured recei,ables are segregated on t$e balance s$eet and are reconciled %it$ customer reporting s2stem or customer statements! +-#ependent Manual rocedures are follo%ed to ensure t$at statement errors are monitored and corrected on a timel2 basis! +-#ependent Manual esting of $ouse balances are performed comparing recorded cas$ acti,it2 and securit2 mo,ements %it$ banks and depositories to actual acti,it2 and mo,ement! +-#ependent Manual $e back office s2stem calculates t$e market ,alue of t$e securities for eac$ customers account and determines t$e securities t$at need to be segregated Application alid customer instructions are in place to $old-all-mail ($oldout) statements! Application Credit c$ecks and ,erification are performed! Manual re,ent Customer ,alidation (i!e! social securit2 number1 background c$eck) is documented! +-#ependent Manual +ndependent customer ,alidation&,erification is performed! +-#ependent Manual 'e% accounts are appro,ed b2 branc$ managers! Manual re,ent .ritten documentation and aut$ori0ation must be obtained from t$e customer in order to discretionaril2 manage t$e account!

Manual re,ent


Application



Application



























Application


alues of existing balances are electronicall2 ,erified t$roug$ t$e securities transfer s2stem! +-#ependent Manual

Automated reconciliation reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual Suspense and clearing accounts are re,ie%ed and reconciled on a timel2 basis! +-#ependent Manual S2stem automaticall2 submits lockbox and electronic funds transfer cas$ feeds to t$e cas$ receipts application Application Automated reconciliation reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Suspense and clearing accounts are re,ie%ed and reconciled on a timel2 basis! +-#ependent Manual An exception report report is generated and and re,ie%ed for differences differences bet%een t$e stock record and t$e Street ( i!e! custodians1 depositories)!

Application

Application balancing procedures are in place place to ,alidate t$e completeness and timeliness of subledger postings to t$e general ledger! Application Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Controller re,ie%s significant transactions to ensure re,enue is recogni0ed in accordance %it$ polic2! +-#ependent Manual Exception reports1 including all suspense items1 are automaticall2 generated b2 t$e s2stem and re,ie%ed! Application "irm%ide reconciliation engine is used to reconcile cas$ disbursements and cas$ receipts from t$e appropriate subs2stem to t$e general ledger! Application Mont$-end reconciliations of subledgers to t$e general ledger are performed! +-#ependent Manual




Application


Application

Automated reconciliation reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application Automatic reconciliation bet%een bet%een t$e front-office front-office s2stem and clearing broker is performed b2 t$e s2stem! Application Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual $one con,ersations are recorded! Manual #etect *econciliation of trade blotter to sub ledger1 general ledger and stock record +-#ependent Manual *econciliations bet%een t$e back-office s2stem and t$e clearing organi0ation are performed! +-#ependent Manual *egular timel2 re,ie% of ke2 operations risk indicators is performed b2 appropriate personnel! Application *eports are generated to identif2 additions1 c$anges1 or deletions to t$e mapping tables! Application S2stem generates transaction confirmations for eac$ trade on t$e trade date and t$en automaticall2 sends it to counterparties Application rade confirmations are electronicall2 produced and sent to customers! Application rade ade conf confir irm matio ations ns fro from coun counte terp rpa artie rties s are are rece recei, i,ed ed!! Manual nual #etec etectt rade details are matc$ed to independent confirm b2 independent indi,idual! +-#ependent Manual rades in excess of establis$ed li mits are re>ected1 flagged and logged prior to entr2! +-#ependent Manual rading limits are establis$ed b2 an independent management management team for eac$ product and rader! Manual re,ent

An exception report report is generated and and re,ie%ed for differences differences bet%een t$e stock record and t$e Street ( i!e! custodians1 depositories)! Controller re,ie%s significant transactions to ensure re,enue is recogni0ed in accordance %it$ polic2! "ails ledgers are reconciled mont$l2 from t$e subledger to t$e general ledger and stock record +nstructions for trade allocations are independentl2 ,erified to customer instructions! 5ournal entries made to clear suspense accounts are re,ie%ed and appro,ed Mont$ end reconciliation of subledger to customer&broker statements *econciliation of trade blotter to sub ledger1 general ledger and stock record Settlement date acti,it2 is reconciled to appropriate subledger accounts1 %it$ differences in,estigated and resol,ed on a timel2 basis! S2stem automaticall2 ,alidates t$e completeness of data feeds from feeder s2stems!

Application +-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual


S2stem generates transaction confirmations for eac$ trade on t$e trade date and t$en automaticall2 sends it to counterparties Application S2stem is configured to map accounts to financial statement lines! Application S2stem ,alidates t$e completeness of data feeds from feeder s2stems! Application rade ade conf confir irm matio ations ns fro from coun counte terp rpa artie rties s are are rece recei, i,ed ed!! Manual nual #etec etectt rade details are matc$ed to independent confirm b2 independent indi,idual! +-#ependent Manual rades can be processed onl2 for ,alidated customer and&or proprietar2 accounts! Application alues alues of existing balances are electronicall2 ,erified t$roug$ t$e securities transfer s2stem! +-#ependent Manual Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual

"irm%ide reconciliation engine is used to reconcile cas$ disbursements and cas$ receipts from t$e appropriate subs2stem to t$e general ledger! Application Suspense and clearing accounts are re,ie%ed and reconciled on a timel2 basis! +-#ependent Manual S2stem %i %il l not al allo% duplicate >o >ournal en entr2 nu numbers! Appli ca cation Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Customer account opening process1 customer information1 and customer suitabilit2 are ,alidated prior to customer set-up in t$e s2stem! Manual re,ent Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual Customer complaints are independentl2 in,estigated and resol,ed +-#ependent Manual Exception reports1 including all suspense items1 are automaticall2 generated b2 t$e s2stem and re,ie%ed! Application Suspense and clearing accounts are re,ie%ed and reconciled on a timel2 basis! +-#ependent Manual S2stem automaticall2 ,alidates t$e completeness of data feeds from feeder s2stems! Application S2stem is configured to map accounts to financial statement lines! Application endo endorr stat statem emen ents ts are are rec recon onci cile led d to tra trade de pa2 pa2ab able les s deta detail il!!

+-# +-#ep epen ende dent nt Man Manua uall

Automated reconciliation reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual #ata feeds to subledger s2stems contain control totals1 %$ic$ are re,ie%ed! Application Electronic funds transfer exception report is produced b2 t$e s2stem for re>ected transactions! Application


Application

roper aut$ori0ation1 testing and c$ange procedures exist o,er electronic funds transfer transactions!

Manual re,ent

Stock record is balanced dail2 and breaks are in,estigated timel2 +-#ependent Manual ransactions cannot be settled unless entered into t$e subledger s2stem Application @Cancel&correct@ trades are flagged once processed and re,ie%ed! +-#ependent Manual Aging anal2sis is prepared and monitored regularl2 for outstanding items1 %it$ differences resol,ed on a timel2 basis!


An exception report is generated and re,ie%ed for differences bet%een t$e stock record and t$e Street ( i!e! custodians1 depositories)! Application Application $as an audit trail of all cancel&correct trade information and t$at information is re,ie%ed! +-#ependent Manual Controller re,ie%s significant transactions to ensure re,enue is recogni0ed in accordance %it$ polic2! +-#ependent Manual #ail2 in,estigation of ne% fails is performed +-#ependent Manual "ails greater t$an xx da2s outstanding are confirmed for bot$ amount and s$ares! +-#ependent Manual "ails ledgers are reconciled mont$l2 from t$e subledger to t$e general ledger and stock record +-#ependent Manual +ndependent function performs c$ecks to ensure t$at t$e aggregate trading limits are not exceeded! +-#ependent Manual 5ournal entries made to clear suspense accounts are re,ie%ed and appro,ed +-#ependent Manual $one con,ersations are recorded! Manual #etect *econciliations of trade blotter to t$e subledger1 general ledger and stock records are performed! +-#ependent Manual Stock record is balanced dail21 %it$ breaks in,estigated and resol,ed on a timel2 basis! +-#ependent Manual rade details are matc$ed to independent confirm b2 independent indi,idual! +-#ependent Manual


Manual re,ent

ransaction details are compared %it$ information from counterparties (i!e! purc$ases and sales) prior to settlement1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Accrued liabilit2 accounts are re,ie%ed for reasonableness on a timel2 basis!



Application







Application


Application






Application


Application
















Application






Manual re,ent

Automated reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application Automatic reconciliation bet%een t$e front-office s2stem and clearing broker is performed b2 t$e s2stem! Application Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual $one con,ersations are recorded! Manual #etect *econciliation of trade blotter to sub ledger1 general ledger and stock record +-#ependent Manual *econciliations bet%een t$e back-office s2stem and t$e clearing organi0ation are performed! +-#ependent Manual *egular timel2 re,ie% of ke2 operations risk indicators is performed b2 appropriate personnel! Application *eports are generated to identif2 additions1 c$anges1 or deletions to t$e mapping tables! Application S2stem generates transaction confirmations for eac$ trade on t$e trade date and t$en automaticall2 sends it to counterparties Application rade confirmations are electronicall2 produced and sent to customers! Application rade confirmations from counterparties are recei,ed! Manual #etect

rade details are matc$ed to independent confirm b2 independent indi,idual! +-#ependent Manual rades in excess of establis$ed li mits are re>ected1 flagged and logged prior to entr2!



Manual re,ent

Appropriate personnel re,ie% and compare trade all tickets %it$ supporting documentation! Controller re,ie%s significant transactions to ensure re,enue is recogni0ed in accordance %it$ polic2! #ail2 front to back position reconciliations are performed! #ail2 profit and loss (i!e! commissions1 margin interest and trading) and positions are reconciled Mont$-end reconciliation of subledger to customer&broker statements is performed!

+-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual

Open transaction details (i!e! fails1 loans&borro%1 repos&re,erses) are compared&confirmed (mone2 and s$ares) %it$ differences researc$ed and resol,ed! +-#ependent Manual roduct Controller re,ie%s dail2 profit and loss for reasonableness! +-#ependent Manual Securities lending subledger is reconciled to t$e general ledger1 %it$ differences in,estigated and resol,ed on a timel2 basis! Super,isor re,ie% of all trade tickets %it$ supporting documentation 4npriced securities are flagged in an unpriced report generated b2 t$e s2stem!

+-#ependent Manual +-#ependent Manual Application

4npriced securities are manuall2 priced b2 appropriate personnel using t$ird-part2 broker 7uotes or ot$er independent sources! +-#ependent Manual An automatic comparison of purc$ased and sold securities produces a commission(s) break report! Application Appropriate personnel re,ie% and compare trade all tickets %it$ supporting documentation! +-#ependent Manual Commission rates are independentl2 monitored!






Credit *isk Management aut$ori0es and appro,es counterpart2 exposure limits

Manual re,ent

Exception reports are generated for position and mone2 out of balance conditions! Application Exception reports1 including all suspense items1 are automaticall2 generated b2 t$e s2stem and re,ie%ed! Application 9* aut$ori0es c$anges in emplo2ment status! Manual re,ent +n,oices are prepared based on agreements and are re,ie%ed b2 appropriate personnel prior to being sent! +-#ependent Manual roduct Controller re,ie%s dail2 profit and loss for reasonableness! +-#ependent Manual *esults are compared to budget and prior periods! +-#ependent Manual S2stem generates notices or reports %$en commission rates are c$anged! Application S2stem generates transaction confirmations for eac$ trade on t$e trade date and t$en automaticall2 sends it to counterparties Application rading limits are establis$ed b2 an independent management team for eac$ product and rader! Manual re,ent alues of existing balances are electronicall2 ,erified t$roug$ t$e securities transfer s2stem! +-#ependent Manual


Application



Application



























Application


alues of existing balances are electronicall2 ,erified t$roug$ t$e securities transfer s2stem! +-#ependent Manual Automated reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual

Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual Suspense and clearing accounts are re,ie%ed and reconciled on a timel2 basis!


S2stem automaticall2 submits lockbox and electronic funds transfer cas$ feeds to t$e cas$ receipts application

Application


Application




Application







Application


Application






Application

Mont$-end reconciliations of subledgers to t$e general ledger are performed! +-#ependent Manual

'onstandard >ournal entries are automaticall2 routed to appropriate personnel for appro,al!

Application
















Application






Manual re,ent

Automated reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application Automatic reconciliation bet%een t$e front-office s2stem and clearing broker is performed b2 t$e s2stem! Application Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual $one con,ersations are recorded! Manual #etect *econciliation of trade blotter to sub ledger1 general ledger and stock record +-#ependent Manual *econciliations bet%een t$e back-office s2stem and t$e clearing organi0ation are performed! +-#ependent Manual *egular timel2 re,ie% of ke2 operations risk indicators is performed b2 appropriate personnel! Application *eports are generated to identif2 additions1 c$anges1 or deletions to t$e mapping tables! Application S2stem generates transaction confirmations for eac$ trade on t$e trade date and t$en automaticall2 sends it to counterparties Application rade confirmations are electronicall2 produced and sent to customers! Application rade confirmations from counterparties are recei,ed! Manual #etect rade details are matc$ed to independent confirm b2 independent indi,idual! +-#ependent Manual rades in excess of establis$ed li mits are re>ected1 flagged and logged prior to entr2! +-#ependent Manual rading limits are establis$ed b2 an independent management team for eac$ product and rader! Manual re,ent Controller re,ie%s significant transactions to ensure re,enue is recogni0ed in accordance %it$ polic2! +-#ependent Manual S2stem generated entries are in place to recogni0e re,enue in t$e period earned! Application S2stem %il l not allo% duplicate >ournal entr2 numbers!

Appli cation

Ad,isor2 fees calculations are independentl2 re,ie%ed for reasonableness!






+n,oices are prepared based on agreements and are re,ie%ed b2 appropriate personnel prior to being sent! +-#ependent Manual roduct Controller re,ie%s dail2 profit and loss for reasonableness! +-#ependent Manual *esults are compared to budget and prior periods! Management re,ie%s and appro,es credit notes and in,oice ad>ustments prior to being recorded! .ritten appro,al on ,endor in,oice b2 appropriate personnel documents ser,ices performed! All rebate calculations are re,ie%ed and appro,ed b2 appropriate personnel! Sales personnel create a rebates earned report1 %$ic$ is re,ie%ed b2 +n,entor2 Accounting!


Exceptions to =-%a2 matc$ are in,estigated dail2! roposed pa2ment listing is re,ie%ed and appro,ed prior to pa2ments!


Manual re,ent Manual re,ent +-#ependent Manual +-#ependent Manual

Manual re,ent

urc$ase price and 7uantit2 tolerances are specified %it$in t$e application to mitigate t$e risk of inaccurate receipt1 in,oice entr2 and pa2ment! Application S2stem matc$es purc$ase order1 recei,ing report and in,oice (=%a2 matc$)! Application .ritten appro,al on ,endor in,oice b2 appropriate personnel documents ser,ices performed! Manual re,ent Aged report of open orders is re,ie%ed and old&unusual items are in,estigated! +-#ependent Manual Costs b2 department1 di,ision1 etc! are compared to budget! +-#ependent Manual

Goods or ser,ices are promptl2 entered into t$e application %$en recei,ed and t$e default application receipt date is t$e current date! Application rocedures are follo%ed to ensure t$at %$en o%ners$ip passes at s$ipment date1 goods-in-transit are monitored! +-#ependent Manual ro,ision for goods recei ,ed not in,oiced is re,ie%ed! Manual #etect urc$ase agreements are anal20ed to identif2 %$en o%ners$ip passes!

Manual re,ent

S2stem automaticall2 records an entr2 based on =-%a2 matc$! Application $e application is configured so t$at goods or ser,ices are accrued upon receipt! Application rade pa2ables aging&subledger is re,ie%ed and reconciled to t$e general ledger! +-#ependent Manual 4nmatc$ed recei,ing reports are re,ie%ed at period-end! +-#ependent Manual 4nmatc$ed ,endor in,oices are re,ie%ed at period-end! +-#ependent Manual endor statements are reconciled to trade pa2ables detail! +-#ependent Manual

Costs b2 department1 di,ision1 etc! are compared to budget!


9ierarc$ies defined in t$e application automaticall2 control t$e purc$ase appro,al process!

Application

8ist of manual c$ecks is re,i e%ed for coding issues!


roposed pa2ment listing is re,ie%ed and appro,ed prior to pa2ments!

Manual re,ent

urc$ase orders re7uire amount and coding appro,als!


S2stem assigns coding for recurring pa2ments!

Application

S2stem assigns coding to purc$ase orders ,ia t$e ,endor and item master files!

Application

S2stem links purc$ases to fixed asset records!

Application

S2stem is configured to input&total&calculate information correctl2! Application rade pa2ables aging&subledger is re,ie%ed and reconciled to t$e general ledger! +-#ependent Manual endor statements are reconciled to trade pa2ables detail!


Goods or ser,ices are promptl2 entered into t$e application %$en recei,ed and t$e default application receipt date is t$e current date! +nterplant mo,ement during p$2sical counts is re,ie%ed for compliance %it$ %ritten procedures! rocedures are follo%ed to ensure t$at %$en o%ners$ip passes at s$ipment date1 goods-in-transit are monitored! urc$ase agreements are anal20ed to identif2 %$en o%ners$ip passes!

Application Manual re,ent +-#ependent Manual Manual re,ent

*ecei,ing log is reconciled dail2 to t$e s2stem recei,ing report! *ecei,ing&s$ipping during p$2sical counts complies %it$ %ritten procedures! $e application is configured so t$at goods or ser,ices are accrued upon receipt!


Application

4nmatc$ed purc$ase order reports are re,ie%ed at period-end! 4nmatc$ed recei,ing reports are re,ie%ed at period-end! 4nmatc$ed ,endor in,oices are re,ie%ed at period-end! endor statements are reconciled to trade pa2ables detail!

+-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual

Exceptions to =-%a2 matc$ are in,estigated dail2!


Manual re,ent

Goods or ser,ices are promptl2 entered into t$e application %$en recei,ed and t$e default application receipt date is t$e current date! Application *ecei,ing log is reconciled dail2 to t$e s2stem recei,ing report!


$e application is configured so t$at goods or ser,ices are accrued upon receipt!

Application



S2stem automaticall2 posts subledger entries to t$e general ledger!

Application

rade pa2ables aging&subledger is re,ie%ed and reconciled to t$e general ledger! +-#ependent Manual

#ebit memos are s2stematicall2 generated and reconciled to t$e recei,ing report1 in,oice1 O and&or rade pa2ables 8isting! #ebit memos re7uire appro,al! endor statements are reconciled to trade pa2ables detail! Asset ac7uisition records are compared to capital budget! Asset records are periodicall2 ,erified ,ia p$2sical obser,ation! Costs b2 department1 di,ision1 etc! are compared to budget! 9ierarc$ies defined in t$e application automaticall2 control t$e purc$ase appro,al process! +nterplant mo,ement during p$2sical counts is re,ie%ed for compliance %it$ %ritten procedures! 'e% ,endor set-up is re,ie%ed b2 control clerk! urc$ase orders re7uire amount and coding appro,als! S2stem automaticall2 generates Os se7uentiall2! S2stem does not allo% duplicate purc$ase order or in,oice numbers! S2stem matc$es purc$ase order1 recei,ing report and in,oice (=%a2 matc$)! $e application is configured to restrict purc$ases1 receipts and in,oices to defined suppliers in t$e ,endor master and defined goods and ser,ices in t$e item master file!

+-#ependent Manual Manual re,ent +-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual Application Manual re,ent Manual re,ent +-#ependent Manual Application Application Application

Application

rade pa2ables aging&subledger is re,ie%ed and reconciled to t$e general ledger! +-#ependent Manual endor master file1 including additions1 is re,ie%ed and appro,ed! +-#ependent Manual endor statements are reconciled to trade pa2ables detail! +-#ependent Manual Asset ac7uisition records are compared to capital budget!


Capital budget o,erages must be appro,ed!

Manual re,ent

Capitali0ed interest calculation is re,ie%ed!

Manual re,ent



.ork orders must be appro,ed before contractors are paid!

Manual re,ent

.ritten procedures are follo%ed to identif2 assumptions for fixed asset capitali0ation!


#isbursement re7uisitions for non-trade pa2ables are re,ie%ed!


#isbursements greater t$an specified amounts re7uire additional appro,al! Application roposed pa2ment listing is re,ie%ed and appro,ed prior to pa2ments! Manual re,ent urc$ase orders re7uire amount and coding appro,als! .ritten appro,al on ,endor in,oice b2 appropriate personnel documents ser,ices performed!

+-#ependent Manual Manual re,ent

rocedures are follo%ed to ensure t$at %$en o%ners$ip passes at s$ipment date1 goods-in-transit are monitored!


urc$ase agreements are anal20ed to identif2 %$en o%ners$ip passes!

Manual re,ent



.ritten appro,al on ,endor in,oice b2 appropriate personnel documents ser,ices performed!

Manual re,ent


Application


Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual "ail reports are generated and exceptions are resol,ed on a timel2 basis!

Application

"irm%ide reconciliation engine is used to reconcile cas$ disbursements and cas$ receipts from t$e appropriate subs2stem to t$e general ledger! Application Mont$-end reconciliations of subledgers to t$e general ledger are performed! +-#ependent Manual *econciliations of trade blotter to t$e subledger1 general ledger and stock records are performed! +-#ependent Manual Stock record is balanced dail21 %it$ breaks in,estigated and resol,ed on a timel2 basis! +-#ependent Manual S2stem automaticall2 ,alidates t$e completeness of data feeds from feeder s2stems! Application S2stem is configured to map accounts to financial statement lines! Application S2stem matc$es purc$ase order1 recei,ing report and in,oice (=%a2 matc$)! Application 4nmatc$ed purc$! order reports are re,ie%ed at period-end!


4nmatc$ed recei,ing documents are re,ie%ed at period-end!


endor statements are reconciled to trade pa2ables detail! +-#ependent Manual S2stem matc$es purc$ase order1 recei,ing report and in,oice (=%a2 matc$)! Application 4nmatc$ed purc$! order reports are re,ie%ed at period-end!







Automated reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application "ail reports are generated and exceptions are resol,ed! "ails ledgers are reconciled mont$l2 from t$e subledger to t$e general ledger and stock record


"irm%ide reconciliation engine is used to reconcile cas$ disbursements and cas$ receipts from t$e appropriate subs2stem to t$e general ledger! Application Mont$-end reconciliations of subledgers to t$e general ledger are performed! *econciliations of trade blotter to t$e subledger1 general ledger and stock records are performed! Stock record is balanced dail21 %it$ breaks in,estigated and resol,ed on a timel2 basis! S2stem automaticall2 ,alidates t$e completeness of data feeds from feeder s2stems! S2stem is configured to map accounts to financial statement lines! An exception report is generated and re,ie%ed for differences bet%een t$e stock record and t$e Street ( i!e! custodians1 depositories)!

+-#ependent Manual +-#ependent Manual +-#ependent Manual Application Application

Application

Application balancing procedures are in place to ,alidate t$e completeness and timeliness of subledger postings to t$e general ledger! Application Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Controller re,ie%s significant transactions to ensure re,enue is recogni0ed in accordance %it$ polic2! +-#ependent Manual Exception reports1 including all suspense items1 are automaticall2 generated b2 t$e s2stem and re,ie%ed! Application "irm%ide reconciliation engine is used to reconcile cas$ disbursements and cas$ receipts from t$e appropriate subs2stem to t$e general ledger! Application



Application










Mont$-end reconciliations of subledgers to t$e general ledger are performed! +-#ependent Manual Suspense and clearing accounts are re,ie%ed and reconciled on a timel2 basis!



Application

S2stem is configured to map accounts to financial statement lines! Application Accrued liabilit2 accounts are re,ie%ed for reasonableness on a timel2 basis! +-#ependent Manual urc$ase orders re7uire dollar-amount and coding appro,als!


4nmatc$ed purc$! order reports are re,ie%ed at period-end!









Application







Application


Application






Application


Application
















Application





rading limits are establis$ed b2 an independent management team for eac$ product and rader! All purc$ases in excess of polic2 limits are aut$ori0ed and appro,ed! #isbursements greater t$an specified amounts re7uire additional appro,al! Electronic funds transfer exception report is produced b2 t$e s2stem for re>ected transactions! roper aut$ori0ation1 testing and c$ange procedures exist o,er electronic funds transfer transactions!

Manual re,ent +-#ependent Manual Application Application Manual re,ent

urc$ase orders re7uire dollar-amount and coding appro,als! +-#ependent Manual S2stem matc$es purc$ase order1 recei,ing report and in,oice (=%a2 matc$)! Application

S2stem re7uires purc$ase order o,errides to $a,e proper aut$ori0ation!

Application

S2stem %il l not allo% duplicate >ournal entr2 numbers!

Appli cation

S2stem %ill not post or accept a purc$ase order number more t$an once!

Application

endor statements are reconciled to trade pa2ables detail! Accrued liabilit2 accounts are re,ie%ed for reasonableness on a timel2 basis!


Management re,ie%s assumptions supporting t$e liabilities!

Manual re,ent

*esults are compared to budget and prior periods!



endor statements are reconciled to trade pa2ables detail! +-#ependent Manual Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Customer account opening process1 customer information1 and customer suitabilit2 are ,alidated prior to customer set-up in t$e s2stem! Manual re,ent Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual Customer complaints are independentl2 in,estigated and resol,ed +-#ependent Manual Exception reports1 including all suspense items1 are automaticall2 generated b2 t$e s2stem and re,ie%ed! Application Suspense and clearing accounts are re,ie%ed and reconciled on a timel2 basis! +-#ependent Manual S2stem automaticall2 ,alidates t$e completeness of data feeds from feeder s2stems! Application S2stem is configured to map accounts to financial statement lines!

Application



Confirmations are compared to accounting records b2 a person independent of person entering transactions! #ail2 front to back position reconciliations are performed! "ro0en pricing models are maintained and used b2 independent pricing function! Manual pricing performed b2 raders is independentl2 re,ie%ed for reasonableness! Master 'etting Agreements are re,ie%ed and tracked!

+-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual Manual re,ent

'etted ,alues on a counterpart2 or subsidiar2 basis are recomputed according to t$e appropriate netting agreement status! roduct Controller re,ie%s dail2 profit and loss for reasonableness! roduct Controllers monitor counterpart2 netting

+-#ependent Manual +-#ependent Manual

Securities in $olders files are periodicall2 repriced using mont$end market data and C4S+ (Committee on 4niform Securit2 +dentification rocedures) and SE#O8 (Stock Exc$ange #ail2 Official 8ist) numbers!


$e back office s2stem calculates t$e market ,alue of t$e securities for eac$ customers account and determines t$e securities t$at need to be segregated 4npriced securities are flagged in an unpriced report generated b2 t$e s2stem! 4npriced securities are manuall2 priced b2 appropriate personnel using t$ird-part2 broker 7uotes or ot$er independent sources! Assumptions used b2 traders in ,aluing financial instruments are independentl2 ,erified! Confirmations are compared to accounting records b2 a person independent of person entering transactions! #ail2 front to back position reconciliations are performed! Manual pricing performed b2 raders is independentl2 re,ie%ed for reasonableness! Master 'etting Agreements are re,ie%ed and tracked! roduct Controller re,ie%s dail2 profit and loss for reasonableness!


Application Application

+-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual Manual re,ent +-#ependent Manual

roduct Controllers monitor counterpart2 netting


roprietar2 securit2 pricing is compared to independent market data1 %it$ exceptions (i!e! unpriced securities1 significant price mo,ements) researc$ed and resol,ed!


4npriced securities are flagged in an unpriced report generated b2 t$e s2stem!

Application

4npriced securities are manuall2 priced b2 appropriate personnel using t$ird-part2 broker 7uotes or ot$er independent sources! +-#ependent Manual

$e sector matrices excel report is based on t%o matrices a) Significant Accounts and SCO Matrix b) Example *isk and Control Matrix $e follo%ing offers step b2 step instructions to prepare t$e Sector Matrices excel report using t$e rint .i0ard f Significant Accounts and SCOT Matrix a) Select rint .i0ardD from t$e Options menu b) C$oose AccountsClass of ransactions&rocessesApplicationsD in t$e Select option to printD %indo%! c) Click t$e Select AllD button in t$e Select specific AccountsClass of ransactions&rocessesApplicationsD d) 8ea,e t$e +nclude properties for selected itemsD radio box c$ecked e) 4nc$eck t$e +nclude sign-off1 attac$ments and related itemsD radio box f) Select rintD and an excel file open %it$ extracted data from GAMx! (See format consideration section belo%) Risk and Control Matrix a) Select rint .i0ardD from t$e Options menu b) C$oose Class of ransactions&rocesses.CG.sAssertions*isksControlsest of ControlsD in t$ c) Click t$e Select AllD button in t$e Select specific ransactions&rocesses.CG.sAssertions*isks d) 8ea,e t$e +nclude properties for selected itemsD radio box c$ecked e) 4nc$eck t$e +nclude sign-off1 attac$ments and related itemsD radio box f) Select rintD and an excel file open %it$ extracted data from GAMx! (See format consideration section belo%) Format Considerations "rom t$e Example *isk and Control Matrix excel file1 insert a %orks$eet and cut and paste t$e Example Significa Significant Accounts and SCOT Matrix a) #elete all columns except for Accounts1 Class of ransactions&rocesses1 ransaction 2pe b) *esi0e t$e columns to fit t$e page c) "ormat t$e content to .rap extD d) Auto"ilter t$e table in order to sort t$e data! Risk and Control Matrix a) #elete all columns except for Class of ransactions&rocesses1 ransaction 2pe1 .CG.s1 Controls1 Control b) *esi0e t$e columns to fit t$e page c) "ormat t$e content to .rap extD d) Auto"ilter t$e table in order to sort t$e data!


Application

roper aut$ori0ation1 testing and c$ange procedures exist o,er electronic funds transfer transactions!

Manual re,ent

Stock record is balanced dail2 and breaks are in,estigated timel2 +-#ependent Manual ransactions cannot be settled unless entered into t$e subledger s2stem Application @Cancel&correct@ trades are flagged once processed and re,ie%ed! +-#ependent Manual Aging anal2sis is prepared and monitored regularl2 for outstanding items1 %it$ differences resol,ed on a timel2 basis!


An exception report is generated and re,ie%ed for differences bet%een t$e stock record and t$e Street ( i!e! custodians1 depositories)! Application Application $as an audit trail of all cancel&correct trade information and t$at information is re,ie%ed! +-#ependent Manual Controller re,ie%s significant transactions to ensure re,enue is recogni0ed in accordance %it$ polic2! +-#ependent Manual #ail2 in,estigation of ne% fails is performed +-#ependent Manual "ails greater t$an xx da2s outstanding are confirmed for bot$ amount and s$ares! +-#ependent Manual "ails ledgers are reconciled mont$l2 from t$e subledger to t$e general ledger and stock record +-#ependent Manual +ndependent function performs c$ecks to ensure t$at t$e aggregate trading limits are not exceeded! +-#ependent Manual 5ournal entries made to clear suspense accounts are re,ie%ed and appro,ed +-#ependent Manual $one con,ersations are recorded! Manual #etect *econciliations of trade blotter to t$e subledger1 general ledger and stock records are performed! +-#ependent Manual Stock record is balanced dail21 %it$ breaks in,estigated and resol,ed on a timel2 basis! +-#ependent Manual rade details are matc$ed to independent confirm b2 independent indi,idual! +-#ependent Manual


Manual re,ent

ransaction details are compared %it$ information from counterparties (i!e! purc$ases and sales) prior to settlement1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Accrued liabilit2 accounts are re,ie%ed for reasonableness on a timel2 basis!



Application







Application


Application






Application


Application
















Application






Manual re,ent

Automated reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application Automatic reconciliation bet%een t$e front-office s2stem and clearing broker is performed b2 t$e s2stem! Application Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual $one con,ersations are recorded! Manual #etect *econciliation of trade blotter to sub ledger1 general ledger and stock record +-#ependent Manual *econciliations bet%een t$e back-office s2stem and t$e clearing organi0ation are performed! +-#ependent Manual *egular timel2 re,ie% of ke2 operations risk indicators is performed b2 appropriate personnel! Application *eports are generated to identif2 additions1 c$anges1 or deletions to t$e mapping tables! Application S2stem generates transaction confirmations for eac$ trade on t$e trade date and t$en automaticall2 sends it to counterparties Application rade confirmations are electronicall2 produced and sent to customers! Application rade confirmations from counterparties are recei,ed! Manual #etect

rade details are matc$ed to independent confirm b2 independent indi,idual! +-#ependent Manual rades in excess of establis$ed li mits are re>ected1 flagged and logged prior to entr2!



Manual re,ent

Appropriate personnel re,ie% and compare trade all tickets %it$ supporting documentation! Controller re,ie%s significant transactions to ensure re,enue is recogni0ed in accordance %it$ polic2! #ail2 front to back position reconciliations are performed! #ail2 profit and loss (i!e! commissions1 margin interest and trading) and positions are reconciled Mont$-end reconciliation of subledger to customer&broker statements is performed!

+-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual +-#ependent Manual

Open transaction details (i!e! fails1 loans&borro%1 repos&re,erses) are compared&confirmed (mone2 and s$ares) %it$ differences researc$ed and resol,ed! +-#ependent Manual roduct Controller re,ie%s dail2 profit and loss for reasonableness! +-#ependent Manual Securities lending subledger is reconciled to t$e general ledger1 %it$ differences in,estigated and resol,ed on a timel2 basis! Super,isor re,ie% of all trade tickets %it$ supporting documentation 4npriced securities are flagged in an unpriced report generated b2 t$e s2stem!

+-#ependent Manual +-#ependent Manual Application

4npriced securities are manuall2 priced b2 appropriate personnel using t$ird-part2 broker 7uotes or ot$er independent sources! +-#ependent Manual An automatic comparison of purc$ased and sold securities produces a commission(s) break report! Application Appropriate personnel re,ie% and compare trade all tickets %it$ supporting documentation! +-#ependent Manual Commission rates are independentl2 monitored!






Credit *isk Management aut$ori0es and appro,es counterpart2 exposure limits

Manual re,ent

Exception reports are generated for position and mone2 out of balance conditions! Application Exception reports1 including all suspense items1 are automaticall2 generated b2 t$e s2stem and re,ie%ed! Application 9* aut$ori0es c$anges in emplo2ment status! Manual re,ent +n,oices are prepared based on agreements and are re,ie%ed b2 appropriate personnel prior to being sent! +-#ependent Manual roduct Controller re,ie%s dail2 profit and loss for reasonableness! +-#ependent Manual *esults are compared to budget and prior periods! +-#ependent Manual S2stem generates notices or reports %$en commission rates are c$anged! Application S2stem generates transaction confirmations for eac$ trade on t$e trade date and t$en automaticall2 sends it to counterparties Application rading limits are establis$ed b2 an independent management team for eac$ product and rader! Manual re,ent alues of existing balances are electronicall2 ,erified t$roug$ t$e securities transfer s2stem! +-#ependent Manual


Application


















Application


alues of existing balances are electronicall2 ,erified t$roug$ t$e securities transfer s2stem! +-#ependent Manual Automated reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual

Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual Suspense and clearing accounts are re,ie%ed and reconciled on a timel2 basis!


S2stem automaticall2 submits lockbox and electronic funds transfer cas$ feeds to t$e cas$ receipts application

Application


Application




Application







Application


Application






Application

Mont$-end reconciliations of subledgers to t$e general ledger are performed! +-#ependent Manual

'onstandard >ournal entries are automaticall2 routed to appropriate personnel for appro,al!

Application
















Application






Manual re,ent

S2stem matc$es purc$ase order1 recei,ing report and in,oice (=%a2 matc$)! Application endor statements are reconciled to trade pa2ables detail!


Application balancing procedures are in place to ,alidate t$e completeness and timeliness of subledger postings to t$e general ledger! Application Automated reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application "ail reports are generated and exceptions are resol,ed! "ails ledgers are reconciled mont$l2 from t$e subledger to t$e general ledger and stock record


"irm%ide reconciliation engine is used to reconcile cas$ disbursements and cas$ receipts from t$e appropriate subs2stem to t$e general ledger! Application Mont$-end reconciliations of subledgers to t$e general ledger are performed! +-#ependent Manual *econciliations of trade blotter to t$e subledger1 general ledger and stock records are performed! +-#ependent Manual Stock record is balanced dail21 %it$ breaks in,estigated and resol,ed on a timel2 basis! +-#ependent Manual S2stem automaticall2 ,alidates t$e completeness of data feeds from feeder s2stems! Application S2stem is configured to map accounts to financial statement lines! Application Appropriate personnel compare t$e stock record securit2 totals to detailed transactions maintained in t$e respecti,e subsidiar2 files! +-#ependent Manual Appropriate personnel recompute t$e netted ,alues on a counterpart2 or subsidiar2 basis according to t$e appropriate netting agreement status1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Assumptions used b2 traders in ,aluing financial instruments are independentl2 ,erified! +-#ependent Manual

Automated reconciliation engine is used to reconcile transactions from t$e appropriate subs2stem to t$e general ledger! Application Automatic reconciliation bet%een t$e front-office s2stem and clearing broker is performed b2 t$e s2stem! Application Bank reconciliations are prepared and re,ie%ed on a timel2 basis1 %it$ differences in,estigated and resol,ed! +-#ependent Manual Customer accounts are periodicall2 re,ie%ed and&or confirmed b2 t$e :ualit2 Assurance #epartment! +-#ependent Manual $one con,ersations are recorded! Manual #etect *econciliation of trade blotter to sub ledger1 general ledger and stock record +-#ependent Manual *econciliations bet%een t$e back-office s2stem and t$e clearing organi0ation are performed! +-#ependent Manual *egular timel2 re,ie% of ke2 operations risk indicators is performed b2 appropriate personnel! Application *eports are generated to identif2 additions1 c$anges1 or deletions to t$e mapping tables! Application S2stem generates transaction confirmations for eac$ trade on t$e trade date and t$en automaticall2 sends it to counterparties Application rade confirmations are electronicall2 produced and sent to customers! Application rade confirmations from counterparties are recei,ed! Manual #etect rade details are matc$ed to independent confirm b2 independent indi,idual! +-#ependent Manual rades in excess of establis$ed li mits are re>ected1 flagged and logged prior to entr2! +-#ependent Manual rading limits are establis$ed b2 an independent management team for eac$ product and rader! Manual re,ent Controller re,ie%s significant transactions to ensure re,enue is recogni0ed in accordance %it$ polic2! +-#ependent Manual S2stem generated entries are in place to recogni0e re,enue in t$e period earned! Application S2stem %il l not allo% duplicate >ournal entr2 numbers!

Appli cation

Ad,isor2 fees calculations are independentl2 re,ie%ed for reasonableness!






+n,oices are prepared based on agreements and are re,ie%ed b2 appropriate personnel prior to being sent! +-#ependent Manual roduct Controller re,ie%s dail2 profit and loss for reasonableness! +-#ependent Manual *esults are compared to budget and prior periods! Management re,ie%s and appro,es credit notes and in,oice ad>ustments prior to being recorded! .ritten appro,al on ,endor in,oice b2 appropriate personnel documents ser,ices performed! All rebate calculations are re,ie%ed and appro,ed b2 appropriate personnel! Sales personnel create a rebates earned report1 %$ic$ is re,ie%ed b2 +n,entor2 Accounting!


Exceptions to =-%a2 matc$ are in,estigated dail2! roposed pa2ment listing is re,ie%ed and appro,ed prior to pa2ments!


Manual re,ent Manual re,ent +-#ependent Manual +-#ependent Manual

Manual re,ent

urc$ase price and 7uantit2 tolerances are specified %it$in t$e application to mitigate t$e risk of inaccurate receipt1 in,oice entr2 and pa2ment! Application S2stem matc$es purc$ase order1 recei,ing report and in,oice (=%a2 matc$)! Application .ritten appro,al on ,endor in,oice b2 appropriate personnel documents ser,ices performed! Manual re,ent Aged report of open orders is re,ie%ed and old&unusual items are in,estigated! +-#ependent Manual Costs b2 department1 di,ision1 etc! are compared to budget! +-#ependent Manual

Goods or ser,ices are promptl2 entered into t$e application %$en recei,ed and t$e default application receipt date is t$e current date! Application rocedures are follo%ed to ensure t$at %$en o%ners$ip passes at s$ipment date1 goods-in-transit are monitored! +-#ependent Manual ro,ision for goods recei ,ed not in,oiced is re,ie%ed! Manual #etect urc$ase agreements are anal20ed to identif2 %$en o%ners$ip passes!

Manual re,ent

S2stem automaticall2 records an entr2 based on =-%a2 matc$! Application $e application is configured so t$at goods or ser,ices are accrued upon receipt! Application rade pa2ables aging&subledger is re,ie%ed and reconciled to t$e general ledger! +-#ependent Manual 4nmatc$ed recei,ing reports are re,ie%ed at period-end! +-#ependent Manual 4nmatc$ed ,endor in,oices are re,ie%ed at period-end! +-#ependent Manual endor statements are reconciled to trade pa2ables detail! +-#ependent Manual

Costs b2 department1 di,ision1 etc! are compared to budget!


9ierarc$ies defined in t$e application automaticall2 control t$e purc$ase appro,al process!

Application

8ist of manual c$ecks is re,i e%ed for coding issues!


Sector Matrices - Banking and Capital Markets (Capital Markets)

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