E

Agenda topic
Agenda topic subsection
Perimeter
Issue description
Action plan
Owner(s)
ETA
Follow-up comments
Finance contact
Executive summary
Closing calendar
GM / All entities
Q3 closing expected to follow a BAU calendar. Incremental PV scope remains open until 3 October. Package submission scheduled for 12 October and P&L freeze for 14 October. Weekend coverage and availability during the Portuguese public holiday on 5 October were specifically discussed given the closing timetable.
Circulate and confirm the Finance / ITO on-call contact list for Q3 closing. Confirm Ops weekend coverage and standard availability on 5 October. BOs to proactively flag any backlog or operational constraint that could jeopardise closing.
Finance / ITO / Ops
Before Q3 closing
Ops confirmed alignment with Finance expectations regarding weekend support and continued operations during bank holidays.
Olivia
Executive summary
ICI Index Linked Repo
ICI Repo / Metropole
Historical provision initially at USD 37m, progressively reduced to USD 29m at Q3 2025, USD 20.6m at Q4 2025 and USD 10.7m at Q1 2026. Investigation of the State Street external counterparty remains complex due to manual reconciliation, duplicated postings, slide discrepancies, incorrect portfolio/deal allocations and IT issues on matured deals. No final conclusion available at this stage.
Continue the revised SMS CMP approach using HERACLES / ITD positions to realign PV accounts and obtain a reliable PV reconciliation. August data are available in HERACLES and PV analysis is ongoing. Once PV reconciliation is completed, launch the second-stage cash reconciliation. Continue BO corrections relating to historical 2023–2025 items.
SMS CMP / BO Bonds / relevant Ops
Ongoing / Q3–Q4
Several historical BO corrections were performed in recent weeks. Management stressed the need for Finance and Ops to jointly establish a consolidated position and put the long-running remediation behind the teams.
Sonia / Elisabete
Executive summary
SBSD
GM
Material progress since Q2. Q1 Equity Options issues were closed and the backlog corrected, including the regression observed in July. Flag allocation is now broadly in line with expectations and no further recurring manual adjustments are expected for the corrected scope. Nevertheless, Q3 closing still relies on a Finance-led control plan to identify empty/inconsistent flags. Target governance remains under discussion.
Maintain tactical empty-flag process for closing. ALTO empty flags, representing c. 93% of Q2 empty flags, to be provided by IT I&P / GM APS Booking EQD AS. Murex population to be provided by GM IT FXCS Transversal. SMS CMP to provide quarter-on-quarter flag-allocation variation and orient samples for non-deterministic LTSPs. Relevant IT teams to explain/support sampled cases. Continue work on target governance.
SMS CMP / GM IT / APS / relevant CIO teams
Q3 closing / target governance ongoing
Scope of uncertainty has reduced significantly compared with previous quarters. Q3 control plan remains required despite improvement in upstream allocation.
François
Executive summary
Nostri
Metropole / FM
Overall situation deteriorated during Q3, primarily on FM, due to delays in reconciliation and allocation and weaknesses in allocation quality. Metropole remains comparatively under control, although Fees and CSDR recoveries remain. BRL Listed Derivatives is the principal obstacle to reaching the platform’s risk objective and represents the majority of the oldest/highest-risk FM debit items.
Ops reconciliation team to improve allocation quality and complete implementation of the revised allocation rules based on Finance guidance. SMS CMP to deliver the FM risk milestone focused on debit breaks >€1m and >6 months. Maintain prioritisation of highest-risk aged breaks and accelerate BRL remediation.
SSC Rec / Ops / SMS CMP / 1LAC / relevant BOs
Q3 closing / Q4 remediation
Management stressed that the risk-based milestone is important for audit and senior-management reporting. Excluding BRL, the platform shows a positive trend on the highest-risk population.
Julien
Executive summary
Sensitive accounts
Metropole / FM / UK
Metropole remains impacted by SLAB Monthly Billing, although remediation is progressing; production auto-matching remains insufficient. GSCC Variation Margin is nearing closure after backlog correction. PTAL remains a major break contributor across Metropole/FM. Market Fees remain impacted by paid invoices with missing accounting entries. UK Ambre initialization remains ongoing through EDEN.
Metropole: GM Ops to provide action plan for missing Market Fees accounting entries; improve SLAB Monthly Billing auto-matching. FM: complete OTCD/Fees manual corrections, anticipate SLAB BAU matching and complete 871M closure/write-off. UK: continue Ambre initialization through EDEN.
Relevant BOs / FIP / T3F / SMS CMP / EDEN
Q3 closing / Q4 for remaining structural items
€871m issue structurally remediated during the period; final write-off expected for residual amount. Remaining backlog and automation improvements continue to require close monitoring.
Julien / Oversight
Executive summary
BO / GL breaks
Metropole / FM / UK
Standardised Concorde justification typology introduced on Metropole in Q2. Completion reached approximately 70%, which remains below the expected quality level. UK implementation targeted for Q4. FM remediation has started with a target reduction of 10k breaks. Poor or incomplete classification could lead to repeated audit findings.
Perform Q2 label back-testing and communicate completion/quality results to BOs. Reinforce guidance on use of macro-typologies and labels. Review structural/set-up issues. Deploy quality-assessment control framework for FM and execute action-log items. Improve quality of comments and justifications across control tools.
SMS CMP 1LAC / Oversight / All BOs
Q3–Q4
Management explicitly considered c.30% non-compliance too high. Typology is intended to support root-cause cartography and remediation, not merely reporting.
Oversight
Executive summary
International focus
AMER / APAC
AMER expected to mechanically improve following the Q2 PBIL one-off used to clear LAP noise and the partial OBS uncommitted-facility fix. APAC levels remain globally stable with no major closing issue identified.
AMER: continue enhancement of sensitive-account suspense calculation with SMS CMP, with IG reconciliation targeted for 2027. APAC: continue OMR automation and FIP initiatives to eliminate manual entries.
Regional Ops / SMS CMP / FIP
Ongoing
Manual-entry trend is moving in the right direction following migration-related clean-up, although continued monitoring remains required.
Regional Finance
Executive summary
IG / CAC recommendations
All relevant entities
IG requested evidence supporting a sample of account balances to assess potential recommendation closure. Quality and auditability of 1LoD explanations remain critical.
At each closing, Finance and Ops 1LoD to provide detailed balance justifications with appropriate audit trail and ensure corresponding information is captured in BEACON.
Finance / Ops 1LoD
Q3 closing and recurring
Quality of comments, labels and supporting evidence remains an audit focus.
Oversight
GMO hot topics
OTCD / FXMM
FIA Flex Options – NAC
Temporary removal of trading cap remained in place until 31 August to test market opportunities. Accounting mismatches remain due to golden-source data supplied by BR, preventing full accounting reconciliation.
Following cross-team workshop between Listed Derivatives, OTC and BR, redefine data mapping and split between Listed and OTC activities. IT to implement systematic separation in accounting and Nostri chains.
EQD / relevant IT & Ops
Ongoing
Structural remediation remains required despite temporary operating arrangements.
Finance
GMO hot topics
OTCD / FXMM
FX netting – BNPP FM / BNPP SA
New netting settlement workflow was planned following the MDDR intraday/intragroup limit alert. A rollback occurred on 10 July 2026 due to an IT accounting-feed error, interrupting implementation.
IT to complete root-cause remediation. Resume netting run after 15 October 2026, subject to successful IT correction.
Middle Office / Back Office / IT FXO
Post-15 October 2026
Root cause identified; implementation deferred until after Q3 closing.
Finance
GMO hot topics
OTCD / FXMM
OFS NEO accounting feeds
European entities migrated to OFS NEO are experiencing accounting-feed delays preventing VD+1 processing and increasing operational risk. Luxembourg/Geneva data availability was also raised during the committee as a potential closing concern.
Resolve feed delays and secure VD+1 processing. Follow up missing Luxembourg/Geneva information with IT and ensure data availability before closing.
Daniel Cable / IT
Q3 closing / ongoing
Data availability remains a transversal dependency for Finance reconciliation activities.
Finance
GMO hot topics
OTCD / FXMM
Internal Deals – Kondor+ / OMR
Finance-led internal-deal categorisation allows hedge/ALMT deals to flow to accounting while Funding, structural ALM and accounting deals remain filtered. Post-migration issues include Concorde breaks, non-mature trades requiring initialization and orphan internal trades.
FIP to complete initialization of non-mature trades. Analyse/filter orphan internal trades. Mature-trade filter already requested following high Concorde break volumes.
FIP / Ops
Ongoing
Project remains important for internal P&L and balance-sheet reconciliation.
François
GMO hot topics
OTCD / FXMM
Swiss PTF accounting method
Change in PTF accounting methodology created a mismatch between the historical accounting method and the new method used in Finance tools, generating hundreds of Swiss Concorde breaks across thousands of movements.
Finance and FIP to remediate existing breaks. Future methodology changes to remain exceptional, be planned sufficiently in advance and supported by adequate BO resources.
Finance / FIP
Ongoing
Committee stressed the need to anticipate operational consequences of Finance methodology changes.
Finance
GMO hot topics
DEC / Listed Derivatives
UBIX / MONEP
Differences identified between UBIX Recap and accounting records. Root cause linked to duplicate accounting entries resulting from incorrect market mapping by Referential team. UBIX displayed one Fees + Premium line while accounting displayed two AEX/MONEP lines. Approx. 2k breaks impacted.
UBIX APS / Referential team to correct incorrectly mapped contracts. Root cause resolved; APS to clear backlog. Full resubmission confirmed by IT for 23 September, ahead of quarter-end. Finance and LD/OTC BO to monitor clearance.
UBIX APS / Referential / LD-OTC BO
23 September 2026
Fixes already applied for 6 and 8 July populations.
Finance
GMO hot topics
DEC / Listed Derivatives
Brazilian market – BRL
More than 1,500 cash breaks identified from Nov-25 onward. BO adjustments for Nov-Dec 2025 reduced backlog by >280 lines, but Jan-26 onward and Matisse-folder items remain. More broadly, BRL is the main contributor to aged/material FM Nostri risk. Discussion confirmed the topic cannot be considered green while its KPI impact remains material.
Ops to work with 2S Brazil to improve statement timeliness and accuracy and clear the backlog. Maintain daily reconciliation. Continue Finance ISPL analysis and dedicated workshops with FO/business. Julien Moulineau to support escalation/meeting with Cash Equities/legacy business. Address strategic SWIFT/Calypso solution with BP2S.
BO DEC / SSC Rec / 2S Brazil / Finance ISPL / Julien Moulineau / relevant business
Q3–Q4
Status to remain Amber. Management requested a clear remediation strategy because BRL represents c.90% of the debit top-pointage >€1m and >6 months. Strategic solution may take time; aged-break clean-up must progress in parallel.
Julien
GMO hot topics
Securities & Prime Processing
SLAB Monthly Billing
Performance remains on a downward trajectory, with loss of momentum following loss of 2 SMEs/FTEs, creating BAU and project-delivery risk. Phase 1 moved from 31 Oct to 31 Dec 2026, partly to improve auto-matching. Post-migration backlog remains complex/manual but is progressively decreasing. Manual adjustments have been eliminated.
Assign new contributor to Monthly Billing project. Investigate increase in outstanding Oct/Dec 2025 items. Improve production auto-matching with FIP/Ambre. Continue backlog clean-up and maintain close project monitoring.
C&I Bonds / FIP / T3F / Calypso IT
31 December 2026
Still not considered fully stabilised. Remediation progressing but further enhancements required.
Julien
GMO hot topics
Securities & Prime Processing
ICI / GSCC Variable Margin
Configuration deployed 23 June 2025 generated missing/incorrect accounting feeds and prevented proper reconciliation of GSCC activity. 2026 is now reconciled in Ambre and second half of Dec-25 has been addressed; approximately five months of historical backlog remain.
C&I to reconcile GSCC activity from release date through remaining 2025 backlog with T3F/FIP support. FIP to identify and clean manual postings for fails. Maintain Sep-26 activity in BAU reconciliation.
C&I / FIP / T3F
Ongoing
September and mid-October reconciliation trend considered positive.
Finance
Main system issues
BOLIVAR
GM
E2E chain remains exposed to increasing PV volumes. Q2 cut-off was missed, although July and August were delivered on time. August KPI showed only 42 min buffer BOLIVAR→RDJ and 18 min ALTO→EIR, with 6.5m PV lines processed. Q3 cut-off risk therefore remains.
Tactical: launch process as close as possible to 15:30 while remaining compatible with AGL timing and leverage available buffer. Strategic: de-imbricate daily AGL/monthly PV, launch PV on EOM+1 evening and split PV file for parallel RDJ/ALTO processing across three instances.
BOLIVAR APS / ALTO IT / FRESH
Tactical Q3 / strategic post-Q3
All optimisation developments can only be delivered after Q3.
Olivia
Main system issues
CALYPSO EQD
HKG ELN / HERACLES
Long-running Warrant PV extraction for HERACLES and missed Hong Kong ELN PV cut-off following migration of HKG into NEO. Approx. 20k Concorde breaks at DLR and one-day ELN PV delay.
Move HKG from Prod6 to Prod7 to reduce EOD cut-off misses.
FRESH IT / FIP / ALTO
Open
Solution should reduce risk but cannot guarantee HKG PV cut-off because HKG PV runs alongside Paris/NY.
Olivia
Main system issues
CALYPSO FI
Billing P&L
Billing-P&L breaks have increased month-on-month since 1 Jan 2025. Accounting entries are correct; discrepancy originates from CRI. Population is approaching Concorde’s 100k-break limit, threatening availability.
Reapply temporary Finance delta/cale on billing account before Q3 to secure Concorde availability; approximately 12k-break buffer remains. FIP root-cause analysis continues.
FIP GM / FRESH / Finance
Before Q3 closing
Temporary measure previously used for May closing. Structural solution remains required.
Olivia
KPI 02 – Nostri
Metropole
Metropole
Slight increase driven by Fees and CSDR/netting. 37 debtor breaks >€1m and >3 months, mainly intragroup alignment on Euroclear triparty set-up (BNPP/BNY Mellon/IBV) for Bonds and OTC settlement-ledger feeding issue for a specific counterparty. SLT momentum needs to be restored.
Resolve Euroclear triparty alignment and OTC ledger issue. Continue Fees/CSDR recovery and SLT remediation. Finalise RA provision.
All BOs / Oversight
RA: 25 September; remediation Q4
Q1 RA provision: €0.2m across 9 breaks, exclusively SLT. Overall volume remains contained/concentrated.
Julien
KPI 02 – Nostri
Financial Markets
FM
Reconciliation delays materially affected the population: +14k lines >1 month and +8k >3 months. At 15 Sep, 2.7k remained unallocated, around half aged >3 months. 118 debtor breaks >€1m and >3 months, including 66 BRL Listed Derivatives. Allocation quality and inconsistent deployment of revised allocation rules remain concerns.
SSC Rec to catch up delayed reconciliations and improve allocation quality. Finance/Ops to jointly investigate allocation/IT issues. Prioritise settlement delays, wrong bookings, rejected CREs and UBIX BO/Clearer mismatches. Focus risk remediation on >€1m/>6m debit items and BRL. Finalise RA assessment.
SSC Rec / SMS CMP 1LAC / BO SEC Settlement / BO DEC / Oversight
25 September for RA; Q3–Q4 remediation
Accumulated delay explains part of current volume. Committee acknowledged recent catch-up, but allocation is critical because unallocated items impair Finance risk assessment.
Julien
KPI 03 – Sensitive accounts
Metropole
Metropole
Monthly Billing remains under remediation; auto-matching must improve. GSCC Variable Margin 2026 largely matched and 2025 backlog progressed through December. ~27k Market Fees lines remain with invoices paid but accounting entries missing. OTC back-to-back FM correction must be duplicated on Metropole and backlog cleared.
Luis / Ops to provide action plan on Market Fees and restore positive trend. Improve Monthly Billing auto-matching. Execute OTC B2B corrections and continue cross-entity workshops. Finalise RA provision.
BO Bonds / Bonds ICI / FIP / T3F / SMS CMP 1LAC / Oversight
25 September for RA / Q3-Q4 actions
Q1 RA provision was €7.3m. Committee requested clear action plan for Market Fees.
Julien
KPI 03 – Sensitive accounts
Financial Markets
FM
Q3 landing expectations collected, but execution delayed by summer period. Main corrections expected on PTAL ~30k lines and SLAB ~10k. Listed Derivatives requires acceleration (~19k), including SIMEX backlog (9k / €368k) and SIMEX backdated feed issue (3k). 871M expected to close. Fees write-off population under assessment (~11k lines).
Accelerate/escalate long-running action plans. Complete PTAL/SLAB/Listed Derivatives corrections. Book final 871M write-off of +€259k. Complete line-by-line/strategy assessment of Fees population with P&L Rec and prepare write-off proposal.
SMS CMP 1LAC / BO DEC / All BOs / Oversight
Q3 closing / Fees potentially post-closing
No RA provision at Q2. Finance stressed need to redefine next steps where issues have remained open for several months.
Julien
KPI 03 – Sensitive accounts
UK
UK
Ambre initialization continues through EDEN. Breaks reduced materially to €0.6m from €2.8m at Q1 2026. Remaining aged intersystem HR accounts and 092M alignment items remain.
Continue EDEN deployment; clear remaining aged HR intersystem accounts; complete 092M manual postings/alignment. Maintain CFO reporting on month-end data.
EDEN project
Ongoing
STEERCO in place and material progress achieved during the period.
UK Finance
KPI 04 – BO/GL
Concorde justification
FM / Metropole / UK
Macro-typology + standardised label deployed for Metropole in Q2 but only ~70% correctly completed. UK planned for Q4. FM quality-assessment framework and first remediation actions are being launched.
Reinforce BO guidance, monitor Q3 compliance, back-test labels and use typology to distinguish IT/feed/structural causes. Execute FM action log. Target material improvement versus Q2’s ~30% non-compliant population.
SMS CMP 1LAC / Oversight / All BOs
Q3 / UK Q4
Committee highlighted risk of repeated IG/audit recommendation if justification quality does not improve.
Oversight
Product Control hot topics
P&L reconciliation
DB Fees / BOGART / XTARGET
Missing data in several files generated €-14.1m cumulative gap from end-May to end-August. Corrected at end-August. Root causes: 17-Jul IT feed incident and manual removal of non-Custodian Fees from daily XTARGET feed outside TOM Fees.
Continue review of gaps and controls with IT and Finance. Ensure no recurrence ahead of Q3 close and reconcile with breaks previously raised by SMS teams.
Product Control / IT / Finance
Q3 closing
Topic considered relevant given significant June closing break.
Product Control
Product Control hot topics
P&L reconciliation
FICC Primary Expense Provisions
Material historical provisions potentially requiring release: initially c. €-2.5m GM / €-7m GCM for prior years plus €-2m GM / €-10m GCM for 2026 under review. €2.8m released for GM and €5.6m for GCM to date.
Continue FO review and release provisions where no longer justified.
Product Control / FO
Ongoing / Q3
Review remains ongoing.
Product Control
Product Control hot topics
P&L reconciliation
ICI Repo
Product Control awaiting Finance conclusion from HERACLES 2.0 / ITD reconciliation. Internals include USD -4.5m validated by Finance for APAC but not yet posted in economic P&L. External review identified USD +1.16m expected to be corrected in economic P&L.
Finance/Ops to continue ITD/HERACLES reconciliation and confirm/post validated economic corrections.
Finance / Ops / Product Control
Ongoing
Analysis delayed by quarterly closing and summer capacity.
Sonia / Elisabete
Product Control hot topics
P&L reconciliation
XTARGET / LIMA2 / VASCO
XTARGET GECD migration reached 60% end-July with additional 10% planned in September. LIMA2 control issues and Bolivar corrections created material gaps in theoretical funding/interest alignment. VASCO/VRDB deployment continues; Product Code requirements remain under discussion.
Continue XTARGET migration and strengthen LIMA2 control setup. Continue VASCO/VRDB deployment and resolve Product Code requirements.
Product Control / IT / Ops
Ongoing
Need transversal monitoring across books/products to anticipate EOM breaks.
Product Control
Product Control hot topics
P&L reconciliation
Unremunerated currencies – FM
€-4.7m booked at end-August, comprising €-2.7m INR and €-2m CN.
Include excess cash accounts for affected currencies in existing processes to impact economic P&L; review additional currencies.
Product Control / Finance
Ongoing
Existing processes already expanded for identified currencies.
Product Control
Product Control hot topics
P&L reconciliation
ALMT / SP
SOG publication on time over recent months. PLATO adjustments decreased to ~9.3k from ~10.8k in Jun-26. Reporting 2.0 stable around 7.7k; Risk Server wrong PV remains main recurring adjustment source. London had GBP -1.25m discrepancy at end-August from index-base mismatch between Swaps and HCDs, now corrected.
Continue Risk Server decommissioning: Swaps already activated for EMEA/NAR; APAC under review. Fix PAGE/Kondor schedule breaks. Address NAR Inflation Swap valuation issue. Review historical London justifications, reinforce controls and migrate relevant strategies to Advanced Trading to reduce manual risk.
Product Control / ALMT / IT
Sep–Oct 2026 and ongoing
Committee noted Risk Server decommissioning and inflation strategies as principal ALMT topics.
Product Control
P&L Reconciliation
HERACLES / reconciliation tooling
GM / SA
Data availability and granularity remain key dependencies. HERACLES 2.0 go/no-go expected shortly; current reconciliation still relies partly on legacy 1.0. Need complete portfolio/currency information and timely booking/adjustment feeds. Automation project approximately 80% completed, with target around 83% following current development scope.
Finalise account-scope development, documentation and user training. Complete go-live for SA scope. Secure timely source data and adjustments before cube runs. Continue HERACLES deployment/go-no-go governance.
SMS CMP P&L Rec / IT / project team
Q3–Q4
Data sourcing remains a key point of attention. Tool does not remove requirement for timely and complete upstream data.
Elisabete / Nicolas
P&L Reconciliation
Repo remediation
Metropole / ICI
Repo remediation expanded beyond ICI to obtain an inception-to-date view of repo populations, including triparty and internal/external transactions. Several root causes remain. Significant residual positions remain on Metropole; August closed with approximately €21m of breaks on one sensitive population following changes in business approach during deal life.
Continue inception-to-date analysis to identify PV/cash breaks and root causes. Obtain pending BO Bonds feedback. Finance and Ops to jointly syndicate a position for the business. Follow sensitive positions through Q3 and ensure correct closing representation.
SMS CMP P&L Rec / BO Bonds / Business / Ops
Q3 closing / ongoing
Committee stressed that both Finance and Ops have spent significant time on remediation and need a consolidated resolution path.
Elisabete
P&L Reconciliation
Carry / portfolio allocation
GM / GECD
Migration of L&D toward Bonds and new SPVs contributed to increased breaks; c. €5m increase linked to new SPVs was mentioned. GECD closed with approximately €8m carry break. Economic carry appears concentrated in one book while accounting is distributed across several portfolios, making investigation difficult.
Review carry calculation/allocation logic with FO/business and accounting. Determine why economic carry is concentrated in one book and align representation where appropriate. Progress analysis before Q4.
Finance / Product Control / FO / Accounting
Before Q4
Identified as a hot topic requiring joint accounting/business analysis.
Elisabete / Fouad
P&L Reconciliation
Corporate actions / closing feeds
FM
Timely cube runs, adjustment files and corporate-action reconciliation inputs remain necessary to prevent closing breaks. Previous quarter ended with 89 ISINs outstanding versus normal level below five, demonstrating potential closing sensitivity.
BOs to flag backlogs/operational issues in advance. Ensure all data are imported before final cube runs and adjustment files received on time. Corporate Action file to be reconciled with Picasso.
BOs / SMS CMP / relevant Ops
Q3 closing
Improvement/support observed recently, but closing discipline remains essential.
Elisabete
Internals
Internal P&L / BS breaks
GM / ALMT
Internal P&L variation has been contained, with remaining movement reported at approximately €181m / -€22m during the latest period. Repo/Reverse Repo/Collateral remains material with €48.1m Net BS, while IRS contribution improved significantly. Currency Swaps and Loans & Deposits remain volatile/material contributors.
Continue product-level monitoring and remediation. Focus on Currency Swaps, Loans & Deposits and collateral/repo populations. Maintain investigation of internal economic/accounting mismatches.
SMS CMP / FS / GFM FC / Ops
Q4 2026 / ongoing
Improvements observed but structural booking/mirroring issues remain.
François
Internals
Root-cause remediation
GM / ALMT
Main typologies: missing mirrors for FX Options and hedging derivatives; external Facility Agent transactions incorrectly classified as internal; technical portfolios used as counterparties without accounting feeds; inconsistent Master/Non-Master classification causing missing notionals in accounting.
Investigate and remediate each structural typology with relevant systems/business owners. Correct internal/external classification, establish appropriate mirrors/accounting feeds and align Master/Non-Master treatment.
SMS CMP / FIP / Ops / IT / Business
Ongoing
These structural typologies should drive remediation rather than repeated manual explanation of downstream breaks.
François
FOBO / Referential
Price quality
Certificates / Bonds
Multiplier issue identified on Certificates and Bonds prices. Incorrect prices are currently sent to Referential, creating downstream reconciliation risk.
Correct multiplier issue at source as soon as possible rather than relying on downstream Finance correction.
IT / Referential / relevant FOBO teams
ASAP
Source-level correction required to avoid recurring closing remediation.
Finance