3.5.3 Confirm a Contract

Events on certain types of contracts like money market or foreign exchange contracts need to be confirmed by the counterparty or the broker. For example, if a money market placement is initiated an advice is sent to the counterparty along with a confirmation slip. Upon receiving the confirmation slip, duly signed by the counterparty or the broker, you can confirm the deal.

Process the contract that has to be confirmed. Click Confirm button in the Application toolbar under processing to confirm the contract or the event on the contract.