OpenChainGraph Suite · ART-578 · Capital Markets & Clearing

ETF PCF Create/Redeem Basket Verification

Recomputes what an authorized participant's assembled create/redeem basket should contain against the fund's daily Portfolio Composition File (PCF), for a declared number of creation units, and diffs it against what was actually assembled: per-line quantity (in kind or via a declared cash-in-lieu substitution), and the total cash balancing amount.

Recompute · caller-declared PCF and basket only Cash-in-lieu shortfall must be declared, never assumed Verdict: MATCHES · DIVERGES · INDETERMINATE

🔒 All inputs are processed locally in your browser. No data is transmitted. Do not enter real personal data — use synthetic or anonymised inputs only.

⚠ Not legal, accounting, or investment advice. Performs arithmetic only over the PCF and basket you supply; it does not source, fetch, or independently verify any fund's actual PCF, and does not price securities. DTCC's ETF Processing service (Fund/SERV, over NSCC) settles AP baskets against the daily PCF; no DTCC endorsement of this tool is implied or claimed.

Transaction & creation-unit parameters

The demo values below are synthetic and already loaded, so you can press Run without entering anything of your own.

Transaction type

Units requested

Creation unit size (shares)

PCF as-of date

PCF balancing amount per unit (minor units)

Cash tolerance (minor units)

PCF lines (JSON array: security_id, name, quantity_per_unit) Assembled basket lines (JSON array: security_id, quantity) Cash-in-lieu substitutions (JSON array: security_id, shortfall_quantity, substitution_price_minor)

Cash deposited by AP (minor units)

Per-line results

Cash balancing

Findings

Rejected inputs

Execution Hash (SHA-256)

What this does not do

It does not source, fetch, or independently verify any fund's actual daily PCF, does not price securities, and does not determine which lines are eligible for cash-in-lieu treatment; the substitution price per line is a declared input, the same way a custodian's basket-composition worksheet already carries it. It is not investment, legal, or accounting advice; a DIVERGES verdict is a citable arithmetic finding for the AP, its custodian, and the fund's transfer agent to reconcile.

The shipped fund-NAV verification pack recomputes a fund's net asset value per share from its declared holdings and liabilities. This node is distinct: it verifies an authorized participant's in-kind basket (securities plus a cash balancing amount) against the daily Portfolio Composition File, not the fund's NAV; cross-link, do not duplicate.