5.7.2 Confirm a schedule

Mark the schedules, for which confirmation is required from the counterparty. Select the Confirmation option (by checking the C option) for each schedule.

At the time of saving the record, the system triggers the Derivative Schedule Confirmation (DCON) event for the selected schedules on the relevant Derivatives contract. You can view this event at the contract level by invoking the Contract Input screen and click events.

After the confirmation is saved, the contract status becomes unauthorized. On authorization of the confirmation, through the Confirmation screen, the contract status is also updated to Authorized.

Note:

After you authorize the record (the A option appears checked), it is not allowed to make any modifications in the Schedule Confirmation screen about a confirmed schedule. If the counter-party confirms another schedule, later on, the above process must be repeated for the relevant schedule.