European Brokerage · glossary
Checking a firm’s own records of each client’s money and investments against the records of the banks that hold them. Thalvia does it every business day and corrects any difference at once. Only its records show which client owns what in the one shared account at Holmbrecht. Clause 10.2 · Chapter 7 · see Client money
Explained in Chapter 7, Client Money, Client Assets and the Investor Compensation Fund, of European Brokerage.
The main page for this term is Reconciliation, in Crypto-Asset Regulation.
Thalvia’s records must be right, because they are the only proof of who owns what. So every business day Thalvia carries out a reconciliation: it compares its records of each client’s money and investments with the banks’ records. Under clause 10.2, it corrects any difference at once.Read Chapter 7, Client Money, Client Assets and the Investor Compensation Fund →
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