broker to custodian trade affirmation system

broker to custodian trade affirmation system
(SBI)
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 glossary. 2008.

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  • SBI — ( broker to custodian trade affirmation system) 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 …   Financial and business terms

  • SBI — (broker to custodian trade affirmation system) A stock exchange (Euronext) trade affirmation platform, managed by Euroclear France, used between brokers and their clients (custodians). Confirmed trades automatically generate DVP securities… …   Euroclear glossary

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