Reconciliation Purpose Guide the design and operation of reconciliation processes in securities operations. Covers position reconciliation, cash reconciliation, transaction reconciliation, three-way reconciliation (advisor/custodian/portfolio accounting), break identification and resolution, reconciliation automation, and regulatory requirements. Enables building or operating reconciliation programs that ensure data accuracy across systems and satisfy fiduciary and regulatory obligations. Layer 12 — Client Operations (Account Lifecycle & Servicing) Direction retrospective When to Use - Design…