Transactions
Reconciliation
Reconciliation is the process of comparing a company's internal record of its EAC positions and trades against the data held in external registries, identifying mismatches, and correcting them.
What needs to be reconciled within EAC portfolios?
The main reconciliation points are: certificate balances per registry account, expected versus actual issuances from generation assets, transfer status (pending, completed, failed), and cancellation records against delivery obligations or internal consumption. Each of these can diverge between internal systems and the registry if trades are recorded incorrectly, registry confirmations are missed, or issuance lags create temporary mismatches.
How often should EAC portfolios be reconciled?
Best practice is continuous reconciliation: the moment a trade is booked or a certificate moves in a registry, internal records are updated to match. In reality, most utilities reconcile weekly or monthly, which means decisions are routinely made on stale data.
What happens if reconciliation is not done regularly?
Unreconciled portfolios create cascading operational risks: incorrect position views lead to bad trading decisions; missed cancellations create delivery obligation failures; certificate expirations are not caught in time; and audit trails become unreliable.
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Reconciliation
