Confirmation: Difference between revisions
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imported>Doug Williamson m (Dead-end page - see also added and categories 30/10/13) |
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A document through which a market participant notifies its counterparties or customers of the details of a trade/transaction and, typically, allows them time to affirm or question the trade/transaction. The issue and matching of confirmations is one of the key controls in treasury dealing activity. | A document through which a market participant notifies its counterparties or customers of the details of a trade/transaction and, typically, allows them time to affirm or question the trade/transaction. | ||
The issue and matching of confirmations is one of the key controls in treasury dealing activity. | |||
Increasingly confirmations are being transmitted and matched by electronic mean, but the same rules, relating to the separation of the dealing function from the confirmation function, still apply. | Increasingly confirmations are being transmitted and matched by electronic mean, but the same rules, relating to the separation of the dealing function from the confirmation function, still apply. | ||
==See also== | |||
* [[Controls]] | |||
[[Category:Compliance_and_audit]] | |||
Revision as of 15:59, 30 October 2013
A document through which a market participant notifies its counterparties or customers of the details of a trade/transaction and, typically, allows them time to affirm or question the trade/transaction.
The issue and matching of confirmations is one of the key controls in treasury dealing activity.
Increasingly confirmations are being transmitted and matched by electronic mean, but the same rules, relating to the separation of the dealing function from the confirmation function, still apply.
