Broker Diff vs. No Parent Match

eRecs uses different matching logic and Match Level names when considering a difference in the counterpart Broker on a trade.

For firm's receivable trades eRecs highlights this difference as a Broker Diff

For firm's payable trades eRecs highlights this difference as a No Parent Match

Receivables Recon

Match Level Name - Broker Diff

A Broker Diff occurs when no Alias exists between the Internal broker code (TC) & External broker (Atlantis Participant).

Broker matching for Receivables recon in eRecs is based on aliasing.

Action= Create alias between Internal broker code (TC) & external broker (Atlantis Participant)

Payables Recon

Match Level Name - No Parent Match

Parent Matching for Payable recon is based on Entity mappings.  Where the Internal Broker code (TC) is mapped to a Parent Entity. The AtlantisCO or GAINSCO code is mapped to a Legal Entity. These mappings must be complete and the Parent and Legal Entity must be associated for a good Parent Match.

If there are missing mappings or no association between Parent and Legal of the codes then a No Parent Match will result. 

Action= Create/ amend mappings in Entity Maintenance