ACI 3I0-013 Question Answer
Why are confirmations necessary?
Confirmations authenticate the transaction to the risk manager, as well as providing essential information regarding bilateral limits.
in order to authenticate the BIC-code of the counterparty when the confirmation is sent via SWIFT.
in order to have the exact mailing address of the counterparty when the confirmation is sent via mail.
Confirmations authenticate transactions to staff independent of the dealing room, as well as providing essential information regarding settlement.
TESTED 16 Oct 2025
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