Confirmation: The process (or a physical document or electronic record) by which a market participant notifies its counterparties of the details of a trade/transaction and allows them to positively affirm or question the trade/transaction. Separation of the dealing function from the confirmation function is a key control in dealing activity.

Participant
Confirmation in our glossary: terms and definitions

.  Be sure to use our resources to the full!  Just follow the link below:

Confirmation at globalcustody.net