Definition: Over-the-counter (OTC) confirmation and settlement refers to the post-trade process by which counterparties verify the details of a bespoke OTC financial contract (like a derivative) and then exchange assets and payments to complete the transaction.
Example: The two key components of this process include confirmation, which locks in the price, quantity, dates, and other terms, and settlement, which covers the movement of cash and securities.
Explore IVP Middle Office Services:
IVP’s Middle Office Services offer a fully scalable and customizable service that allows all kinds of asset managers to significantly improve operational efficiency and transparency. By outsourcing critical middle office processes, firms can ensure the efficiency and accuracy of OTC confirmation and settlement. Our comprehensive suite of middle office services encompasses everything from trade lifecycle management and corporate actions processing to asset lifecycle management.
