Section 04

Exceptions and Sign-Off

One trade in this batch requires a portfolio manager's sign-off before release.

Key findingHigh impact

Emerging market corp bond ETF breaches the 5% concentration limit

The proposed $1.1m buy would take issuer exposure to 5.4% of NAV, above the 5% mandate limit. The agent blocked auto-execution and routed the order to the PM for resizing.

RecommendationDo nowEffort: SOwner: Portfolio Manager

Resize the emerging market corp bond ETF order to stay within the 5% limit

Reduce the buy to keep post-trade issuer exposure at or below 5.0%, then release for execution. All other trades in this batch are cleared.