Affirmation System

Davidsohn Global Technologies Affirmation System is a quick and easy, point and click way to discover and correct discrepancies between the internal trades and DTC confirmations, using an exception report metaphor to highlight action items.

• Enables efficient management of Trade Affirmation Exceptions, and facilitates proper notification to DTC, Contra Brokers, or the client in one operation.
• Compares trades by Cusip, Buy/Sell, Share Quantity, Clearing Broker, and Net Money, and the user can sort through the report by Account or Cusip.
• Only the exceptions are shown to the user, and the differences are highlighted for easy detection
• The status of trades versus confirms are automatically forwarded to DTC via the MDH (Mainframe Dual Host).
• Promptly notifies the Joint BackOffice or the Prime Broker of any corrections that have been made.
• To Cancel a Trade – highlight the trade and click on the Cancel button. This will send the trade to the back-office as a cancel.
• To Add a Trade – Highlight the confirm and click on the Add button. This will send an As Of Trade with the same trade parameters as a confirm to the back-office.
• To Correct a Trade – Highlight the trade in error and click on the Correct button, which will send a cancel plus an As Of Trade to the back-office.
• Erroneous Confirm – Highlight the confirm and click on the DK (Don’t Know) button, which will send a DK message through DTC to the broker.
• Matching Trades and Confirms Match – click on the Match button, and an affirmation will be sent to DTC.




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