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- Financial Risk Management
- Frequently asked questions
Questions, answered
Practical answers about instruction review, provider evidence and reconciliation.
Financial Risk Management
10 questions
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How do I get started?
Click Get started, then use Proto to configure Financial Risk Management for your business. Begin with one organization, an eligible counterparty, a provider account and one instruction that your team can review and reconcile.
Who prepares an instruction?
Treasury Preparer records the organization, owner, counterparty, amount and debit and credit account scopes, then attaches the supporting request.
Who approves it?
Independent Treasury Approver checks the current instruction revision and evidence. The decision retains the reviewer, reason and time. The preparer cannot approve their own submission.
What does Authorized mean?
It records the outcome of an independent instruction review. It is a separate stage from provider submission and confirmation.
When is an instruction Confirmed?
The team checks verified provider confirmation or settlement evidence tied to the instruction. A submission acknowledgement alone is still a provider response to follow.
How are account applications handled?
An application links to a banking instruction and organization. The team records the applicant, initial deposit, provider application identifier and independent decision on the submitted revision.
What makes a movement Matched?
The movement must agree exactly in amount and confirmed occurrence date with an instruction linked to the same financial account. Differences remain visible for investigation.
What happens when a provider response is uncertain?
The team checks the provider reference, existing operation receipt and recorded effects before another action. A discrepancy stays in needs review with its reason.
Can auditors change records?
Auditor has read-only access to authorized evidence and reports within their assigned scope.
Where do provider balance figures come from?
Dated account snapshots carry the provider’s ledger and available balances with the provider snapshot identifier. The implementation team agrees the source and cadence of those snapshots.
Set up Financial Risk Management your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.