Cash adjustment

The customer acts in the role of a depositary vis-à-vis various capital management companies (KVG). For the managed funds, the customer receives daily account statements from the associated KVG in partly different structures and formats for each KVG. Internally, all bookings are managed and reconciled in a central SAP system for each fund. Due to a certain time offset between the internal and external booking systems as well as other factors such as different reference dates, complaints, etc., the booking balances at a point in time X are not always technically congruent – however, the balances should always be technically congruent. For a given technical deviation there should always be a corresponding technical explanation. This technical explanation must be determined manually by the processor, documented responsibly and archived on a daily basis.