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Quantitative Finance · Begrippenlijst

Wat is Trade confirmation, affirmation?

Ook bekend als: trade confirmation · affirmation

Definition 22.1 Research, Data and Risk Platforms · Hoofdstuk 22 — Post-Trade Systems

A trade confirmation is the executing party’s statement of a trade’s terms — security, side, quantity, price, trade and settlement dates, accounts — sent to its counterparty. Affirmation is the counterparty’s (for an institutional trade, the investment manager’s or its custodian’s) agreement that the confirmation is right, after which the trade can be settled without further intervention.

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