Settlement Exception Management overview

Handles failed trade settlements, reconciliation breaks, and corporate action processing — identifying settlement failures by fail reason (insufficient securities, SSI mismatches, counterparty issues), coordinating with brokers and custodians for resolution, processing mandatory and voluntary corporate actions (dividends, splits, mergers, tender offers) with proper ex-date and record-date handling, managing partial settlements and buy-in/sell-out procedures, and tracking fail charges and regulatory penalties. Produces exception dashboards, fail-rate KPIs, and corporate action processing confirmations. Excludes trade initiation and position management.