Deal confirmation

Submit an FX, money market or ALM deal under its instruction, approve it independently and complete it on verified evidence.

Step by step

Record the deal Treasury Preparer

Treasury Preparer records the instrument, trade date, notional and the counterparty's confirmation reference under the authorizing instruction. The deal starts as Draft.
- Deal created at Draft
- Updates Treasury deals, Bank instructions
Submit the deal Treasury Preparer

The preparer submits the deal for approval at its current revision.
- Draft → Submitted
- Updates Treasury deals
Approve or reject Treasury Approver

A Treasury Approver who did not prepare it records a decision for the same instruction and revision, and approves or rejects the deal.
- Submitted → Approved or Rejected with decision at
- Updates Review decisions, Treasury deals
ApprovalA person approves before the work moves on.
Complete on evidence Settlement Officer

The deal moves to Completed only when the instruction's source authority is confirmed and verified bank evidence is in.
- Approved → Completed
- Updates Treasury deals, Bank evidence, Operation receipts

And how to keep it from happening.

The counterparty's confirmation shows a different rate or amount from the ticket.
A deal is approved before its instruction is authorized.
A deal is marked complete before the bank's settlement evidence arrives.

Treasury Preparer: , Treasury Approver, Settlement Officer, Treasury Manager.

Start free, then use Proto to change fields, steps and approvals before your team goes live.