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Trade Confirmation
Definition of 'Trade Confirmation'
The process by which the two counterparties to a trade input their instructions to a central system which compares them and, if the instructions agree, confirms them and passes them on for settlement.
Related Terms
TRAXEuropean Free Trade AssociationTrade DebtorsAllocationCapital MarketsCBOTClosing TradeCounter-TradeEFTAGlobalisationActual Settlement Date Accounting (ASDA)Agency BargainAgent/Agent BargainAgricultural ProtectionAntitrustAssociation of British Insurers (ABI)At BestAUTIFBalance of PaymentsBalance of Trade
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