BROKER TO CUSTODIAN TRADE AFFIRMATION SYSTEM
( SBI) Euroclear Clearing and Settlement glossary
A stock exchange ( Euronext) trade affirmation platform, managed by Euroclear France, used between brokers and their clients (custodians). Confirmed trades automatically generate DVP securities transaction instructions that are discharged on the same value date ( T+3) except monthly settlement service. Euroclear Clearing and Settlement glossary