broker to custodian trade affirmation system

broker to custodian trade affirmation system
( SBI) Euroclear Clearing and Settlement glossary
A stock exchange ( Euronext) trade affirmation platform, managed by Euroclear France, used between brokers and their clients (custodians). Confirmed trades automatically generate DVP securities transaction instructions that are discharged on the same value date ( T+3) except monthly settlement service. Euroclear Clearing and Settlement glossary

Financial and business terms. 2012.

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  • broker to custodian trade affirmation system — (SBI) A stock exchange (Euronext) trade affirmation platform, managed by Euroclear France, used between brokers and their clients (custodians). Confirmed trades automatically generate DVP securities transaction instructions that are discharged on …   Euroclear glossary

  • SBI — ( broker to custodian trade affirmation system) Euroclear Clearing and Settlement glossary A stock exchange ( Euronext) trade affirmation platform, managed by Euroclear France, used between brokers and their clients (custodians). Confirmed trades …   Financial and business terms

  • SBI — (broker to custodian trade affirmation system) A stock exchange (Euronext) trade affirmation platform, managed by Euroclear France, used between brokers and their clients (custodians). Confirmed trades automatically generate DVP securities… …   Euroclear glossary

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