Confirmation and Insurance: Difference between pages

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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 contract designed to provide protection against specified types of risk or loss, by paying out to the insured party in the event that the insured loss occurs.  
   
Insurance is generally provided by specialist insurance companies, to whom an insurance premium is paid by the insured in advance.


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 ==
== See also ==
* [[ACT Ethical Code]]
* [[Captive insurance company]]
* [[Chartered Insurance Institute]]
 
* [[Fixing instrument]]
* [[IAIS]]
* [[ILS]]
* [[Insurable]]
* [[Insurance risk]]
* [[Insure]]
* [[Option]]
* [[Premium]]
* [[Risk]]
* [[Risk response]]
* [[Transfer]]
* [[Underwriting]]

Revision as of 16:02, 30 May 2016

A contract designed to provide protection against specified types of risk or loss, by paying out to the insured party in the event that the insured loss occurs.

Insurance is generally provided by specialist insurance companies, to whom an insurance premium is paid by the insured in advance.


See also

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