Once you have matched the data you wish to reconcile between a BGL company and a Registry Direct issuer, the system can compare the data and alert you to any variances according to your reconciliation preferences. A daily reconciliation will occur automatically, fetching fresh data from BGL and comparing it to Registry Direct data.
The following will trigger an alert:
Security Classes
- Unmatched security classes
- Security classes with variances in:
- Security name
- Total securities
Holders
- Unmatched holders
- Holders with variances in:
- Name
- Investor type
- Date of birth (for individuals)
- Address
Transactions
- Unmatched transactions
- Security class total balance
UI alerts
- If the Reconcile security class, Reconcile holders or Reconcile transactions tab contain unmatched or variant data an alert icon will display next to the tab name.
- If variances are found in security class, holder or holder balance tables, an alert icon will display on the row of the table which has the variance.
Ignore variance
If a variance is found, you have the option to ignore it by checking the Ignore variance checkbox in that row of data. If a variance is ignored:
- No UI alerts will display for it.
- You will not be notified of the variance in email notifications.
If the data with variance changes in either the BGL or Registry Direct platform after you have checked Ignore variance, the IU alert will reactivate, and you will be notified of the new variance.
Email notifications
Email notifications can be sent to users with issuer access when unmatched data or a variance is found during the daily automatic reconciliation.
To send notification emails:
- In the Issuer centre menu, go to Integrations > BGL.
- On the Reconcile company page, click Edit settings.
- Under Email notifications, select the users to receive an email notification, then click Save.