After you determine which holdings are out of balance, the next step is to identify when the out of balance (OOB) occurred. To determine when a holding reconciliation was out of balance, complete the following steps:
From within the Failed Blotter, scroll to the Successfully Reconciled Holding as of File Date column.
For each out of balance position, note the date. This date will tell you when the last custodian position file reconciled successfully with the position. In most cases, the OOB transaction immediately followed this date.
On the custodian Web site, look for a transaction with the exact OOB amount immediately following the date noted in the Successfully Reconciled Holding as of File Date column.
Note: If the Successfully Reconciled Holding as of File Date field is blank, the holding was:
Never reconciled successfully. (It was always unbalanced.)
Reconciled successfully in the past with a zero position at the custodian and in Morningstar, however, something has changed in the account. (For example, an incorrect distribution was posted without a corresponding reversal to correct the error.)
See Also
Comparing Custodian and Morningstar Transactions