This message is sent by an executing party to its trade counterparty.
It is used to confirm the details of a trade.
It may also be used to:
request the cancellation of a previously sent confirmation
re-send a confirmation previously sent
provide a third party with a copy of the message (be it the confirmation or request for cancellation) being sent.
This message may include, where necessary, the settlement details of the trade.
The market confirmation may be:
exchanged directly or via an ETC service provider between two trade counterparties for mutual comparison of the trade details
sent by one trade party to allege the trade against its counterparty, either directly or via an ETC service provider.
