Reconciliation & Settlement Triage
Classify breaks, value them, order the trade lifecycle, compute settlement dates and fail penalties, and clean a blotter the objective core of an ops take-home.
The scenario
You're on the middle-office support desk. The overnight reconciliation has thrown exceptions, a delivery has failed, and a blotter needs checking before cut-off. Work the exceptions precisely: classify each break, put a number on it, and don't over-flag the clean rows.
Where this shows up
Reconciliation breaks, settlement-date arithmetic, lifecycle knowledge and blotter validation are the staple objective content of operations take-homes and online assessments the layer where ops candidates are tested on accuracy, not opinion.
Firms such as Goldman Sachs, Citi, Jane Street.
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The drill
Answer each item. Numeric answers are graded to a small tolerance; the ordering question asks you to sequence the trade lifecycle earliest-first.
Sample question
Your book shows BUY 10,000 INFY @ 1,500.00. The custodian statement shows the same trade same quantity, same dates booked at 1,502.00. Classify the break.
Included with the Trading Ops pack
The full graded drill is part of the Trading Operations & Middle Office pack a one-time purchase unlocks every concept, coding guide, interview playbook and take-home in this track.
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