Definitions
In plain terms
Two identical market events may be processed at different times because of transport delay, retries, or system load.
Technical
Processing-time fields require a named pipeline stage and clock; they support operations and replay but must not silently replace source event or availability semantics.
Scope
Processing time is system-specific and can be later than both event and publication time.
Examples
- A governed dataset records processing time explicitly instead of inferring it from an ambiguous field.
Common misconceptions
- Processing Time does not have one universal meaning without its stated market, source, and time context.
Concept relationships
Where this concept is used
- ImportantStale-Quote DetectorD01-F02-A04
- ImportantAsynchronous Return AlignmentD01-F03-A05
- PrimaryFeed-Latency MonitorD01-F04-A02
- ImportantPoint-in-Time Availability GuardD01-F04-A05
- ImportantIPO Availability Timestamping: Separate Listing Events from Research KnowledgeD02-F04-A03
- ImportantIntraday Index-Level CalculationD03-F01-A05
Evidence and governance
- Fintech Builder Glossary Definition Contract The Fintech Builder · internal governed contract
Supports: preferred label, short definition, technical definition
Limits: Defines governed platform behavior rather than claiming these policies are universally prescribed by external McClellan methodology.
- Reviewed by
- fintech-builder-owner-approved
- Last reviewed
- 2026-07-26
- Next review
- 2027-07-26
- Record status
- published