An asset manager calls me, “we are in the process of generating Q1 invoice. Could you send us our trade data for the period so we can check the data”
Hm, let’s see if we can find an analogy in an everyday world in order to understand the behavior of this fascinating creature.
Let’s say, you found yourself with a very busy schedule with no time to walk your dog. So you hired a dog-walker, and the agreement was that the dog-walker will walk your dog at least once a day and would charge you X amount of money per walk payable at the end of the month.
Now, it’s the end of the month, and the dog-walker asks you to send him information on how many times he walked the dog, so that he can send you an invoice…
Mind you, the dog-walker is not some discount dog-walker, walking the dog for next to nothing, no no, he charges you the market price. In the meantime the neighbors are complaining about dog walker showing up at some ungodly hours, and you have noticed that “walking” generally involves letting your dog run free on the street, where your precious little canine can be easily hit by a car or stolen.