Collateral Dispute Agent
Investigates and resolves margin-call disputes against counterparties.
When the counterparty disagrees on the call, it reconciles the two portfolios trade-by-trade, isolates the source of the valuation gap (a missing trade, a price difference, a stale rate), and drives the dispute to resolution. Exchanges position files A2A with the counterparty's dispute agent and diffs via code execution.
Authority
Recommend for approval
Team role
Provides specialist analysis
Handoffs
Named collaborators
The role
What it owns and where its authority ends
Desk
Collateral & Margin
Desk workflow
Exposure calculation, then margin-call issuance and agreement, then collateral selection, then settlement, then dispute resolution and optimization. Daily call cycles run under tight deadlines; collateral optimization runs each cycle.
Collaboration
Works within a defined desk workflow
Decision boundary
An accountable reviewer commits the decision or action.
Systems and capabilities involved
Portfolio reconciliation (trade diff)
Valuation + market-data feeds
Counterparty dispute agent
Trade booking system
Oversight collateral agent
gates large resolutions
Handoffs
What this role gives and receives
Capabilities offered
The handoffs name the next owner or specialist and the work that moves between them.
Receives from
Context
What the role needs to do the work
- Current work
- Both portfolios, the trade-level diff, the gap attribution.
- Prior interactions
- Prior disputes with this counterparty and their root causes.
- Policies and reference
- Valuation methodologies, market-data sources, CSA dispute procedures.
- Working method
- Dispute-resolution playbooks by gap type.
Illustrative workflow
How the work moves
Starting point
Counterparty disputes a $3M margin call; valuations differ by $2.7M.
- 01
Exchange position files (A2A); diff the portfolios trade-by-trade.
- 02
Isolate the gap to two swaps the counterparty hasn't booked + one stale FX rate.
- 03
Re-value with agreed inputs; quantify the corrected call.
Result
Attributes the gap to two unbooked trades and a stale rate, proposes a corrected call, and hands the counterparty the trade-level evidence for agreement.
Checks and boundaries
What must be tested or reviewed
- 01Gap-attribution accuracy reviewed by an agent-as-judge against the affirmed gold set.
- 02Resolutions changing collateral above a threshold are re-derived by an oversight agent.
- 03Aged-dispute tracking; disputes past the CSA window escalate.
Human authority
An accountable reviewer commits the decision or action.
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