Route
Classification, valuation, eligibility, and haircut lock
Outcome
Review eligibility, control-state, opening DvP settlement, and unwind controls before opening the workspace.
Timing
Same day when collateral is pre-approved and settlement accounts are open. 1–3 business days when a new asset, counterparty, or settlement exception requires review.
Control roles
Eligibility and haircut
Terms, allocation, and control
Opening-leg DvP settlement
Margin, substitution, accrual, unwind, and reconcile