UK
FCA CASS 15
Daily internal and external reconciliations, the monthly return and the resolution pack.
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EU
PSD2 / PSD3 · EMD2
Segregation, timely safeguarding and records for national supervisors.
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TR
CBRT · Law No. 6493
Safeguarded funds, e-money in circulation and CBRT reporting.
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Balance gaps
Differences between client balances and safeguarding accounts.
Funds in transit
Top-ups and withdrawals moving across banks and partners.
Missing evidence
Daily checks done in spreadsheets, with no trail for the regulator.
✓
Daily reconciliation
Client balances against safeguarding accounts, every business day.
✓
Internal and external reconciliation
Ledger-to-ledger and ledger-to-bank reconciliation, side by side.
✓
Funds in transit
Receipts and payouts not yet settled, tracked until they clear.
✓
Shortfalls and excesses
Every gap valued, explained and routed before cut-off.
✓
Regulatory returns
Safeguarding figures built from the same reconciled data.
✓
Audit-ready evidence
Every daily position stored with its records and approvals.
Collect
Client ledger, safeguarding bank accounts and partner balances every day.
Reconcile
Client money is reconciled against safeguarded funds and in-transit items.
Flag
Shortfalls and excesses are flagged with their cause before cut-off.
Prove
The daily position is stored with evidence, ready for audit and supervision.
Daily position
Client money owed, funds safeguarded and items in transit, reconciled across every bank and partner before cut-off.
Per account, currency and entity
In-transit items aged and explained
Shortfall top-up flagged with its value
Signed off with four-eyes approval
Safeguarding position · 14 Oct
Before 10:00 cut-off
Client money owed
€48.2m
Safeguarded funds
€48.1m
In transit
€60k
Shortfall
€40k
Safeguarding accounts · 14 Oct
4 accounts
Bank A · EUR
Matched
Bank A · GBP
Matched
Bank B · EUR
Shortfall €1.2k
Bank C · TRY
Matched
Accounts
Valurec runs the internal and external safeguarding reconciliations on your bank and ledger data each day, flags any shortfall, and keeps the evidence behind the position.
Internal and external checks
Per bank, account and currency
Shortfalls flagged before cut-off
Corrections assigned with a due date
Evidence
Every daily check keeps its source files, rules, breaks and approvals, so audits and supervisory reviews start from records, not reconstruction.
Write-once daily record
Rule versions kept
Breaks with cause and owner
Export for auditors in one step
Evidence pack · October
22 business days
Daily positions
22 of 22
Breaks resolved
14 of 14
Approvals
22 signed
Auditor export
Ready
Accounts
Safeguarding, operational and partner accounts in scope, per entity.
Entities
Accounts
Partners
Cut-offs
When the daily position is taken and when breaks must be resolved.
Cut-off time
Business days
Holidays
Tolerances
Rounding and timing limits before a gap becomes a shortfall.
Amount
Timing
FX
Sign-off
Who approves the daily position and top-ups above which value.
Approvers
Thresholds
Four-eyes
safeguarding position, signed off before cut-off
of client funds reconciled every business day
evidence export for auditors and supervisors
Scheme Fees
Check every scheme fee against your contract.
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›
Compliance Reporting
Reports generated from verified data, not assembled.
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›
Settlement Reconciliation
Every settlement tied to the activity behind it.
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Margin Assurance
Interchange, scheme fees and MDR in one margin view.
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Chargebacks & Disputes
Every chargeback tracked to the final booking.
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›
