SERVICES
Settlement monitoring that identifies at-risk trades before they fail.
Track matching, instruction, funding and settlement status across brokers, custodians and counterparties.
Overview
Settlement monitoring follows trades through confirmation/matching, instruction, funding and final settlement. The control objective is early identification and resolution of unmatched, underfunded or failed transactions.
A specialist module below Trade Operations for active portfolios and complex asset classes.
Why it matters
Failed settlement can create cost, position/cash breaks and downstream NAV/reporting risk.
Common operating challenges
- No consolidated status across providers.
- SSI/account mismatch.
- Cash/securities unavailable at settlement.
- Counterparty breaks discovered late.
- Failed trades lack owner/SLA.
What we deliver
| Capability | What it covers |
|---|---|
| Status aggregation | Collect broker/custodian settlement state. |
| Readiness checks | Identify missing match/instruction/funding. |
| Follow-up | Assign action to owner/provider. |
| Failed trade management | Track reason and resolution. |
| Post-settlement reconciliation | Connect outcome to cash/positions. |
Our role can be configured around a defined operating mandate: a recurring managed service, a technology-enabled client workflow, or a co-sourced model in which execution and review are split between Kelton, the client and appointed providers.
Inputs, workflow and outputs
Typical inputs
- Trade blotter
- Broker confirms
- Custodian status
- SSI/reference data
- Cash/position availability
Controlled workflow
| Step | Activity | What happens |
|---|---|---|
| 1 | Load | Capture expected settlement. |
| 2 | Check readiness | Validate match/instruction/funding. |
| 3 | Monitor | Track status/cut-offs. |
| 4 | Escalate | Route at-risk/failed trades. |
| 5 | Resolve | Record provider action. |
| 6 | Reconcile | Confirm final cash/position. |
Typical outputs
- Settlement dashboard
- At-risk queue
- Failed trade report
- Root-cause analysis
- Provider follow-up log
Controls and review
The workflow is designed so that automation does not obscure responsibility. Routine processing can be standardised; exceptions, material judgements and formal approvals remain visible and attributable.
- Settlement-date/cut-off alerts.
- SSI change control.
- Aged failed-trade escalation.
- No securities execution by Kelton.
Responsibility boundary
Kelton monitors and coordinates; brokers, custodians and clearing/settlement institutions retain formal settlement obligations.
Technology & expertise
Our operating model combines specialist knowledge with controlled technology. Domain experts define the rules, review logic and exception criteria; the technology layer makes the workflow repeatable, traceable and scalable.
Technology
- Status feeds.
- Cut-off/SLA alerts.
- Exception workflow.
- Root-cause analytics.
Expertise
- Post-trade operations.
- Settlement conventions.
- Provider coordination.
Expert knowledge is converted into controlled rules, SOPs, checklists, validation tests and exception criteria so that the operating standard is embedded in the workflow rather than dependent on one individual.
Delivery models
| Model | How it works |
|---|---|
| Managed Operations | We execute the agreed recurring workflow. Client and appointed-provider approvals remain explicit. |
| Technology Enablement | We implement the data, workflow and control layer for the client team to operate. |
| Hybrid / Co-sourced | Execution and review are shared through a documented responsibility and escalation model. |
| Transition & Implementation | We mobilise the workflow during a launch, provider change or target-operating-model transition. |
Frequently asked questions
Is this part of Trade Operations?
Yes; a standalone page is useful for professional depth and active-manager buyers.
Why early warning?
The best outcome is to resolve readiness issues before contractual settlement date.
What follows settlement?
The outcome should feed cash/position reconciliation and accounting.
Discuss Settlement Monitoring
Start with one workflow, one operating issue or one provider transition. We will map the current process, responsibility boundaries, required data and a practical first engagement.