Treasury operations: capture, confirm, settle and reconcile the trade
Treasury operations connects the economic trade with the records, cash, securities and controls needed to complete it. Start by identifying the parties, product, direction, currency, amount, trade date and value date. Front-office execution, independent risk or product control and settlement operations have different responsibilities. Straight-through processing can reduce rekeying but does not eliminate the need for reconciliations, exception handling and controlled access.
Capture and confirm
Compare the captured transaction with the agreement and confirmation. A currency pair's base and quote determine the meaning of a rate; buying the base currency is different from selling it. Bid and ask must be used from the stated perspective. Record the actual product, settlement method, day-count convention and holiday calendars. Do not infer one universal spot date or interest basis for every currency and instrument.
Prepare settlement
Check authorized settlement instructions, counterparty details, funding and the relevant cutoff. A changed bank account received in a message needs the established independent verification process, not immediate acceptance because the sender name looks familiar. Delivery versus payment and payment versus payment address defined settlement exposures, but neither should be described as removing every legal, operational, market or credit risk. Netting also requires the relevant agreement and enforceable basis.
Reconcile and investigate
A nostro is the bank's account with another institution from the bank's perspective. Compare statements with the relevant internal ledger and investigate unmatched amounts, dates or references. A small difference may be a fee, timing issue, duplicate or other error; its size does not establish its cause. Preserve the original entries and supporting messages. Escalation and correction should remain traceable rather than simply forcing the balances to agree.
Understand the product
Money-market interest, foreign-exchange forwards, securities and derivatives create different cash flows and operational events. State the denominator, period, quotation direction and rounding in a calculation. A hypothetical legacy benchmark example should not imply that the benchmark is a current new-contract standard. This page concerns ACI financial-market operations, not airport management or concrete inspection. Related ACI dealing questions supply shared product and market foundations while back-office control and reconciliation remain the focus. Current syllabus and handbook changes should be checked with ACI; this independent selection does not promise complete official coverage.