Bonds Reconciliation of Entitlement of Shares in Investment Banking
Abstract
Bonds refer to a debt instrument which is issued by the financial institutions to finance various projects and activities. The central banks of various nations, large government financial institutions focus on capitalising on these securities due to credit worthiness and less risk factors. The portfolio is reconciled between custodian and investment banking firm on daily basis to verify the accuracy of books of accounts for cash and stock held. The purpose of this research is to identify the reasons and associated comprehensions for the discrepancies in books of accounts between custodian and investment banking firms in coupon due to entitlement of shares held at either of parties.
Keywords: Entitlement, Bonds, OTC, SWIFT, Coupon and Reconciliation.
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