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What is trade affirmation?

Updated: 12/23/2022
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12y ago

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Trade affirmation is part of the trade confirmation process that is used to describe a client of a bank or broker/dealer affirming trade details that have been submitted by the bank or broker/dealer.

Electronic trade affirmation platforms exist for confirming and matching trade details. The details are input by the party executing the trade, such as a bank or broker, and affirmed by the client, assuming everything is in order. A single record of the trade details becomes the legal confirmation of the trade and remains in a central repository.

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