If you work for an Exempt Market Dealership and have ever wondered if you might be missing any of your Issuers' transactional information, this tool is for you!

If you find yourself in a situation where you wonder if you may have transactions that you should not, then read through to the end of the article as we will cover how this tool can help you solve this problem as well.

This tool allows you to select any Offering with an active EdgeLink connection and request all of its transactional information directly from the Issuer's system. Once your Offering selection is made and you initiate the process, the EdgeLink system will scan through all transactions in the Issuer's system and find those who match these criteria:

All transactions that remain will be sent to you as a batch, where you can then accept them as new transactions, or connect them to existing transactions.

The verification feature is located within the EdgeLink section of your system, in the Transaction Batches tab. The second table on this page, called EdgeLink Verification Batches, is where you will be able to initiate and action a reconciliation.

The initiation step requires that you select the Offering for which you would like to perform a verification and click the Start Verification button.

Please note that due to the resource-intensive nature of this process, you may only queue one verification at a time. To initiate a verification for a second Offering, you must wait for the first one to be completed. To ensure that this process is respected when an Offering is being processed, the Start Verification button will be hidden and indicate Verification Job Processing.

Once the verification batch has finished running through all of the available transactions, the table will update to present you with information about the amount of transactions in the batch, under the Progress column. There are two options to accept transactions:

This button will go through each transaction in the batch and automatically create a new transaction for any transaction that matches the 4 conditions below. Here, being "known" refers to having an established EdgeLink connection to the other party:

For more information on transaction matches, refer to this article: EdgeLink Transaction Matching

Any transaction where the above 4 criteria are not met will remain in the batch and must be accepted manually by following the instructions below.

By clicking the eye icon to the left of the batch you are working on, you will be directed to a list of individual transactions in the batch. Next to each one, you will have the option to Accept or Decline the transaction. The behaviour of accepting the transaction is the same as accepting any other transaction normally received through EdgeLink and can be reviewed in this article: EdgeLink - Accepting Transactions

Any transaction that did not fit the criteria required to be accepted via the Accept All button must be manually accepted in this table.

Now that your verification batch is complete and you are confident that you are up-to-date with all of the transactions that the Issuer has available, you can perform an additional check to ensure you don't have any transactions that you should not have. To do this, generate a Transaction Summary report, filtering for the same Offering you've just verified. In this report, find the column named "Connected Party's Transaction #" and filter for any transactions where this column is blank.
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The list of transactions you will be left with do not match any transactions in the Issuer's system and may be erroneous. Here are some common issues to look for:

For more information on the Transaction Summary report, please see this article:
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