Opposing Settlement Information

Mismatch Resolution>

Status: Under Review, Last Updated: 07/08/2020

Mismatch Resolution
A counterparty should not directly contact the custodial network of another counterparty. However, in more complex cases, it may be necessary to bring all parties together to resolve any disputes/unreconciled positions. This can only be done with both counterparties agreement. In the event Counterparty A sees a trade unmatched/failing but Counterparty B sees it as matched/settled, then Counterparty B is responsible for providing the market reference for that matched/settled trade typically sourced from their custodian network to Counterparty A. (IBP-122)