Marren Endowment Sleeve

SMA-4402 · Institutional Portfolio Operations (synthetic)

Blocked

1
Blocking: 1
Awaiting authorization: 0
Warnings carried

Strategy: US Large-Cap Direct Index
Mandate: v1.0
Model: 2026.03.1
Rebalance window: Mar 18, 2026 – Mar 19, 2026
Market value: $7,450,000
Projection: pv-ef168fcaf6ec

Supporting case. Custodian and internal accounting disagree on a share count beyond tolerance. It is evaluated by the same engine as the flagship account, at one fixed point in time rather than as a stepped scenario.

Blocking

1 control blocks this rebalance

A hard stop or rebalance blocker that has not passed. Everything else can proceed in parallel.

RECON-HOLD-002FailRebalance blocker
Holdings reconciliation
Due by Mar 16, 2026, 17:30 UTC
NVEX: custodian reports 3,292 shares against 3,432 in internal accounting, a difference of 140 shares ($57,750) beyond the illustrative tolerance.
Owner
Data Steward
Client impact
Position counts shown to the client may not match the custodian until the difference is resolved.
Permitted resolution paths
- Inspect both sources and name the authoritative recordData Steward approval
  Compare the custodian and internal lines side by side, choose an explicitly authorized correction path, and record the reason. The difference stays on the timeline after resolution.
Clearing this unblocks 3 controls: CASH-006, CONCENTRATION-007, MODEL-DEV-008

Awaiting a named human

1 decision requires authorization

These do not block the work, but the rebalance cannot be released until an eligible role records a reasoned decision.

APPROVAL-010FailManual review required
Required human authorization
Due Mar 17, 2026, 05:30 UTC
Outstanding: Authorized release of the handoff package.
Owner
Compliance Officer
Client impact
No client impact. An internal authorization is outstanding.
Permitted resolution paths
- Record the outstanding authorizationPortfolio Manager approval
  Review the release package and record the approval with a reason. The approval binds to this exact projection.

Not evaluated

3 controls could not run

These controls are withheld rather than passed. Each names the dependency it is waiting on.

CASH-006Minimum cash and residual cash sufficiencyNot evaluated: A material holdings reconciliation difference is unresolved, so position-dependent calculations are not trusted.
CONCENTRATION-007Post-trade single-name and sector concentrationNot evaluated: A material holdings reconciliation difference is unresolved, so position-dependent calculations are not trusted.
MODEL-DEV-008Post-trade model deviationNot evaluated: A material holdings reconciliation difference is unresolved, so position-dependent calculations are not trusted.

Marren Endowment Sleeve

1 control blocks this rebalance

Holdings reconciliation

1 decision requires authorization

Required human authorization

3 controls could not run

Marren Endowment Sleeve

1 control blocks this rebalance

Holdings reconciliation

1 decision requires authorization

Required human authorization

3 controls could not run