To confirm the accuracy of counterparties' mailing addresses

To inform the central bank when a country limit is higher than a fixed level

To ensure that trades are confirmed and settled correctly in accord with best market practice recommendations

To be in constant contact with the counterparties' front office staff

Amounts higher than USD 10,000,000.00 or the equivalent in other currencies

Amounts higher than USD 1,000,000.00 or the equivalent in other currencies

Any amount unless dealt via a broker

Any amount by any counter party

A dealer does not need to confirm payment details by phone

It splits differences arising from failed settlements between the two counterparties

It eliminates the need to send out SWIFT payment authorizations on a case-by-case basis

It avoids having to confirm each deal separately

6 or 9 characters

9 or 12 characters

7 or 10 characters

8 or 11 characters

The clearing house phone number

The account number to which fees are booked

The identity of the counterparty’s dealer

The name of the counterparty

A series of American call options on FRAs

A series of European call options on FRAs

A series of American put options on FRAs

A series of European put options on FRAs

A new confirmation should be generated by both parties but there is no need to restart the confirmation cycle.

The amending party should verbally inform the other party.

A new confirmation should be generated and the confirmation cycle should restart and continue until the trade is completely matched by both parties.

A new confirmation need not be generated but the confirmation cycle must restart and continue until the trade is completely matched by both parties.

For a foreign exchange confirmation

For a multiple general financial institution transfer

For a general financial institution transfer

For a customer transfer

LIBOR

FEDFUNDS

LIBID

EURIBOR

Nostro funding payment

Third party payment

Value spot USD payment

Value spot payment for currency equivalents > USD 3,000,000.00