risk
Transaction-processing and execution errors
Data-entry (fat-finger) errors, incorrect settlement instructions, collateral-management errors, reconciliation failures, and mis-application of corporate actions cause failed settlement, penalties, and undetected position discrepancies.
Record JSON · Open in map · Data retrieval guide
Catalog revision: f368a6cce277037e4b1e1ff46004e3acd295f96c9ac63a411a0e45775a7f468e. A connection does not establish full coverage.
Attributes
- category
- operational
- domain
- Risk Assessment & Management
- Financial Reporting Controls (SOX)
- taxonomy
- basel-operational-risk
- coso-erm-risk
- inherent_rating
- medium
Details
- risk_id
- ops-process-execution-errors
- category
- operational
- likelihood
- high
- impact
- medium
- inherent_rating
- medium
- treatment
- mitigate
- taxonomies
- basel-operational-risk
- coso-erm-risk
Source
No record-specific source URL is provided.
Connections
- UC-FIN-07 — Control automated processing and resolve exceptions mitigates Transaction-processing and execution errors
- strength
- primary
- rationale
- Tolerance checks, three-way match and exception reports catch and resolve processing errors.
- UC-FIN-06 — Validate completeness and accuracy of system inputs mitigates Transaction-processing and execution errors
- strength
- primary
- rationale
- Validation and edit checks catch data-entry (fat-finger) errors at source.
- UC-BCDR-14 — Embed control activities in business processes mitigates Transaction-processing and execution errors
- strength
- related
- rationale
- Embedded error/exception handling contributes, but the operative controls catching processing errors are the dedicated input and processing UCs, not this umbrella practice.
- UC-FIN-08 — Control interface transfers and output delivery mitigates Transaction-processing and execution errors
- strength
- related
- rationale
- Automated interface error handling detects transfer and settlement failures.
- UC-ACCESS-20 — Ensure complete, accurate, and authorized data processing mitigates Transaction-processing and execution errors
- strength
- primary
- rationale
- Edit checks, batch totals and interface reconciliation catch data-entry and processing execution errors.