ISLA logo




Status: Under Review, Last Updated: 07/08/2020

Confirmation is the process of providing a complete record of the commercial terms of a transaction and settlement instructions to the other party. The provision of a Confirmation allows the recipient to cross-check the sender's record of the terms of a transaction against the recipient's own records. Confirmations can also be used during the life of a transaction to verify changes. Counterparties should clarify prior to undertaking any transactions if they intend to provide confirmations, in what timeframe, and any expectations they have in relation to confirmations, of the other counterparty. If counterparties agree not to use confirmations, it is strongly encouraged that a robust Trade Matching and post-trade Contract Compare process is in place between the parties in order to mitigate risk.

For further information regarding notifications, please see Chapter 'Processes for Loans' Section 'Notifications'



Creating your PDF, please wait.

PDF created successfully.

Sorry, your PDF could not be created at this time.


Already a member? Login to your account

Interested in becoming a member?

ISLA’s members span the breadth and depth of the securities lending industry, and there are many benefits of joining the Association’s network.

Become a member today