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| No Format |
|---|
ABCXYZ (123)
BRK/A 300 --
BRK.A -- 300
LXP-PC 100 --
LXPPRC -- 100 |
In the example above, you can see that PropReports is reporting 300 shares long of "BRK/A" for account ABCXYZ whereas the other system is showing 300 shares for "BRK.A". The correct symbol should be BRK/A and the erroneous symbology of BRK.A causes a discrepancy. The The same issue exists for the "LXP-PC" / "LXPPRC" discrepancy (the correct symbol is being LXP-PC).
To reconcile this type of discrepancy, you will have to correct the ticker symbol via the "Audit > / Symbols" page page.
Alphanumeric code in place of ticker
When a vendor's symbol database is incomplete they can may send an ISIN or some internally-generated code in place of a ticker. Below Below are two examples where a symbol is missing in the data received from the clearing firm:
| No Format |
|---|
ABCXYZ (123) ASG 58,888 -- US5299904186 -- 58,888 AMD 5,000 -- A005767 -- 5,000 |
Reconcile this type of discrepancy by navigating to the "Audit > Symbols" Audit / Symbols page, searching for the code causing the discrepancy (e.g. A005767 or US5299904186 from the examples above) and correct the ticker symbol.
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To reconcile this type of discrepancy, navigate to the "Audit > / Corporate Actions" page page and select the "Symbol Change" action.
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If a trader is holding a position for a stock that did a split or reverse split, a discrepancy will appear on the reconciliation report. The The example below shows a discrepancy for symbol "ABTL". PropReports is reporting 19,000 shares, while the clearing firm is reporting only 3,800. This is because the stock has undergone a 1:5 stock split.
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To reconcile this type of position discrepancy, navigate to the "Audit > Corporate Actions" page page and select the "Stock Split" action action.
Option Expiration
Below is an example of a position discrepancy caused by an option that needs to be expired. TheThe option for security "JOSB" was set to expire on 07/21/2012 , and came up as a discrepancy simply because the option matured without being closed out in PropReports.
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To reconcile this type of discrepancy, visit the "Audit > / Corporate Actions" page page and select "Option Expiration" to close the position.For more information on using the Option Expiration tool, click here.
Configuration Errors
Another common issue is incorrect or missing account names. Below are various examples of discrepancies caused by account name configuration errors.
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