Agency Confirmation

4.25 Agency Confirmation

Agency confirmation is applicable only for trades where bank is the lead agent. The trade settlement details for all trades that have been saved in the Trade settlement or Ticket settlement screen get displayed in the Agency Confirmation screen. The agency needs to confirm or reject each trade that appears in this screen.

Agency confirmation always happens at trade level and for ticket settlements, all trades under the ticket should be confirmed by the agency.

To capture details of agency confirmation screen

Specify the User ID and Password, and login to Homepage.

On the homepage, type TLDAGCON and click next arrow.
The Agency Confirmation Detailed screen is displayed.

Note:
The fields which are marked in asterisk red are mandatory fields.

Figure 4-45 Agency Confirmation Detailed

Description of "Figure 4-45 Agency Confirmation Detailed"

You can enter the following details in Agency Confirmation Detailed screen. For information on fields, refer to the field description table.

Table 4-40 Agency Confirmation Detailed

Field	Description
Ticket Id	Select the ticket Id for which you want to view the trades available for settlement confirmation. Once you select the Ticket Id, all saved trades pending for settlement are displayed. The following details related to the trades are displayed. Contract reference number Amount Currency CUSIP Counterparty Trade settlement date Trade date Buy/Sell indicator Authorization status
Confirmation Status	Select the confirmation status as Confirm to register agency confirmation for the trade or select Reject to indicate that you want to reject the settlement for the trade. The trade settlement gets deleted if the agency does not confirm a trade. While authorizing trade settlement, the system checks if the trade is confirmed by the agency. If it is confirmed, trade settlement gets authorized. If it is not confirmed or if it is rejected, the system forces you to obtain agency confirmation before proceeding with the authorization. On authorization of the trade settlement, the trade details are transferred to the agency which in turn initiates participant transfer events corresponding to the trade. Note: If deletion or reversal of the trade settlement happens after agency confirmation, you need to reconfirm the trade before the actual trade settlement. Agency confirmation is not required for inter company deals which are not being handed off to agency.

Field

Description

Ticket Id

Select the ticket Id for which you want to view the trades available for settlement confirmation.

Once you select the Ticket Id, all saved trades pending for settlement are displayed. The following details related to the trades are displayed.

Contract reference number
Amount
Currency
CUSIP
Counterparty
Trade settlement date
Trade date
Buy/Sell indicator
Authorization status

Confirmation Status

Select the confirmation status as Confirm to register agency confirmation for the trade or select Reject to indicate that you want to reject the settlement for the trade.

The trade settlement gets deleted if the agency does not confirm a trade.

While authorizing trade settlement, the system checks if the trade is confirmed by the agency. If it is confirmed, trade settlement gets authorized. If it is not confirmed or if it is rejected, the system forces you to obtain agency confirmation before proceeding with the authorization.

On authorization of the trade settlement, the trade details are transferred to the agency which in turn initiates participant transfer events corresponding to the trade.

Note:

If deletion or reversal of the trade settlement happens after agency confirmation, you need to reconfirm the trade before the actual trade settlement.
Agency confirmation is not required for inter company deals which are not being handed off to agency.

Parent topic: Processing an SLT Contract