Date-stamp loading

Confirmation and Settlement

LEADING PRINCIPLE:

Market Participants are expected to put in place robust, efficient, transparent, and risk-mitigating post-trade processes to promote the predictable, smooth, and timely settlement of transactions in the FX Market.

The principles below relate to systems and processes surrounding the confirmation and settlement of FX trades. These principles should be applied in a manner consistent with the size and complexity of the Market Participant’s FX Market activities, and the nature of its engagement in the FX market.

Comparing proposed amendment...
I. Overarching Principles
II. Confirmation Process
III. Netting and Settlement Processes
IV. Account Reconciliation Processes