# Trade settlement fails

> Trade settlement fails: Why it failed; the fix Checked: cross-checked. Produces resolved fails, claims.

Source: https://www.sumarity.ai/library/trade-settlement-fails/

Wealth, asset management and fund administration 

# Trade settlement fails

Reads settlement status reports, standing settlement instructions, confirmations. Produces resolved fails, claims. Code works out every figure, the Judgement Engine answers the narrow questions, and whatever stays uncertain goes to a person.

Cross-checkedClaims, disputes and exceptions
Start from this workflowMore for asset management  

What it decides

## Narrow questions, each with a check behind it.

Why it failed; the fix
Cross-checked: SSIs, confirmations. A second source has to agree: a register, a contract, a list. When it does the judgement settles; when it doesn't, a person decides.

| Reads | Settlement status reports, standing settlement instructions, confirmations 
| Produces | Resolved fails, claims 
| Who signs | A person on your team, with every figure traced to its document and every call on record 
| Process | Claims, disputes and exceptions 
| Industry | Wealth, asset management and fund administration    

See it run

## Every line, decided where it's safest.

An example run. Each stage lights up as a line is decided there; pick a stage to see its lines.

ReadsSettlement status reports, standing settlement instructions, confirmationsCodeReads, matches, ties out and works out every figure.JudgementWhy it failed; the fix. Settles only when it clears the cutoff and a second source agrees.A personGets whatever stays uncertain, with the evidence. Their ruling tunes the next run.ProducesResolved fails, claims  
Trade settlement fails · example run Example run  

| Ref | Item | Value | Decided by  
| ST-501 | Sell EQ-0044, failedCounterparty SSI changed · 0.93 · new SSI on file | 120,000.00 | Engine · cross-checked 
| ST-502 | Buy BOND-0012, failedInsufficient cash at custodian: fund the account | 500,000.00 | Code · diagnosed 
| ST-503 | Sell EQ-0101, partialPartial delivery accepted | 40,000.00 | Code · settled 
| ST-504 | Buy EQ-0230, failed 3 daysReason unknown, buy-in risk | 75,000.00 | To a person 
| ST-505 | FX leg, failedValue date mismatch · 0.91 | 200,000.00 | Engine · cross-checked  
|  

Settled 4 To a person 1 Settled wrong 0      Illustrative lines. Amber rows are the Judgement Engine's calls; each settles only above its cutoff and when its check agrees.    

What it could save

## Your volumes in. Your hours out.

In our tests, between 24% and 42% of items still went to a person after tuning. Set your own share; a pilot measures it on your data.

Items per run 
Runs per month 
Minutes per item by hand 
Cost per hour

Share of items that still need a person: 30%  

By hand today80 ha month 
With Sumarity24 ha month, for the items people decide 
Saved56 hCHF 53,760 a year    

Related

## Start from what's closest.

### Claims, disputes and exceptions in other work

Finance

### Customer deductions and short-pay disputes

Valid deduction (promotion, damage) or not

Proven by codeBanking

### Payment exceptions and investigations

Why a payment failed or is queried; the action

Proven by codeBanking

### Card disputes and chargebacks

Network reason code; evidence enough to fight

Cross-checked

### More for asset management

### Custody reconciliation

Each custody line's type; matches to the book

Proven by codeTested

### Custody break follow-up

Age, severity, NAV impact

Proven by code

### Cash and position reconciliation, multi-custodian

Matches across custodians and the PMS

Proven by code  

Questions

## What buyers ask

What happens when Sumarity isn't sure?

Nothing settles below the cutoff, or when the check disagrees. The item goes to a person in the inbox with what the engine saw, its best answer and the runner-up. The person's ruling is kept and tunes the next run.

How are its judgements checked?

A second source has to agree: a register, a contract, a list. When it does the judgement settles; when it doesn't, a person decides.

Can we change it to fit how we work?

Yes. Start from this workflow and describe your differences in plain words. The design assistant revises it, the validator checks it, your expert reviews it on the canvas, and your admin publishes it.

Does it read our files as they are?

Yes: spreadsheets and CSV in any layout, PDFs, bank formats and e-mail attachments. Sumarity suggests how each column maps, proves the mapping on a sample and remembers it once a person confirms it.

Where does our data go?

Sumarity runs in Zurich. Your data, backups and logs are stored in Switzerland.

How does it get better?

Your team's rulings become an answer key. Better questions and cutoffs are proposed, tested on data they haven't seen, and published only when your admin approves. It improves itself, with permission.

## Start from this workflow. Run it on your data.

A pilot runs alongside your own process for a few weeks, at our cost, and ends in a line-by-line comparison.

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