Trade Affirmation
/ˈtreɪd ˌæfəˈmeɪʃən/
Definitions
- (n.) The process by which parties involved in a trade confirm and reconcile the trade details to ensure accuracy and mutual agreement before settlement.
The broker sent a trade affirmation to the client to verify the transaction details.
Forms
- trade affirmation
Related terms
See also
Commentary
Trade affirmation is a critical step in post-trade processing to minimize settlement risks by verifying transaction specifics agreed upon by involved parties.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.