JB Drax Honoré · JBDH

Operational context for a governed workflow discussion

JBDH already has a mature, internally built operating core. The relevant question is how to govern the unstructured edge around it: emails, confirmations, Teams or Bloomberg-style messages, amendments and exceptions.

Factual briefingRead-only first boundaryHuman approval retained
The proposition

Fontana would sit around JBDH’s existing records, controls and exception processes, converting messy operational communications into structured, validated, approval-ready workflow records with a replayable evidence trail.

Drax has the deterministic core. The opportunity is governed execution around the human-triggered edge, not replacement of the core.
Scope discipline: the credible first step is read-only ingestion, structured extraction, source-system validation and an approval-ready exception record. No automated write-back in the initial scope.
What Heath established

JBDH’s operating model

Internally built core

SQL Server-backed systems, browser-based internal interfaces, internal development capability and reconciliation views.

One book of record

A golden-source concept is used across reconciliations, finance, payments and related internal workflows.

Exception-led operations

Real-time matching and exception handling already exist for unmatched trades and differences.

Execution-side model

JBDH sources liquidity for clients and does not take proprietary positions. The operating model is largely STP after trade entry.

Connectivity

FIX supports a large amount of trade and counterparty flow. MarkitWire is noted for swaps, subject to transcript confirmation.

Human edge remains

Instructions and evidence still arrive through email, confirmations, Teams and Bloomberg-style channels, where interpretation and context are required.

Workflow candidates

Three hypotheses to test, not three promises

A · Amendments

Trade amendment handling

Convert messages such as the A817 example into structured amendment evidence, validation checks and an approval-ready exception record.

B · Confirmations

Bank-confirmation comparison

Extract confirmation PDFs and perform an additive check against JBDH’s golden source or booking system. This came directly from Ben as an area of AI interest.

C · Recaps

Recap extraction and validation

Parse richer trade recaps into structured economics, then compare currency, rate, strike, expiry, dates, notional, premium and hedge details with internal records.

Recommended next step

Choose one workflow for a 60–90 minute mapping session with Ben and the analyst or technologist who performs it day to day.

Concrete example

A817 / Dorman price correction

The email instruction was: “For strike 95.375, we know price 0.02. 0.2 punched.” Dorman’s response was “Fixed”.

This is a small message with a large context requirement. The operational sequence is:

  1. Identify the affected trade and strike.
  2. Compare booked price 0.2 with corrected price 0.02.
  3. Validate against internal records and clearer/broker evidence.
  4. Determine whether anything remains outstanding.
  5. Preserve evidence and present the proposed resolution for approval.

Why it matters

This is not a dashboard replacement. It is workflow control around an instruction that requires lookup, interpretation, validation, approval and evidence.


Human role: approve, edit or reject the proposed correction. Fontana prepares the context and evidence; it does not silently alter the book of record.

Operating pattern

From messy trigger to controlled outcome

01 · TRIGGEREmail, recap, confirmation or chat arrives.Human operational communication
02 · EXTRACTClassify and structure the relevant fields.Workflow-specific parsing
03 · VALIDATECompare with SQL, OMS, EMS or golden source.Rules determine the comparison
04 · RESOLVEAssemble evidence and proposed actions.Approval, task, draft or escalation

The JBDH-specific knowledge layer is useful as approved operational context: systems, counterparties, product conventions, owners, SOPs, approval rules and prior resolutions. It should support the workflow, not be the opening pitch.

Discovery gaps

Facts still needed before a proof of value

  • Which workflow creates the most avoidable analyst work?
  • Which systems and authoritative fields are checked for an amendment or confirmation?
  • Who approves the action, and what evidence must they see?
  • How often do amendments, breaks or recap mismatches occur?
  • Where are prior exceptions and resolutions stored?
  • Which clean matches could eventually be auto-filed?
  • What is the safe read-only access and security-review path?
  • Who owns the budget and business case?
Meeting close

A narrow, credible ask

Could we pick one workflow, map the trigger, extraction, source checks, exception path, approval point and audit trail, then show exactly where Fontana adds control without disrupting what JBDH has already built?

Internal working brief. The A817 and HSBC examples are retained as briefing evidence and should be source-verified before being used in a live demonstration or shared externally.