When a deal is done via a broker:
A) it need not be confirmed between the counterparties as the broker confirms it immediately with both counterparties
B) it should also be confirmed directly between the two counterparties
C) it is important to note that broker confirmations are bilateral confirmations between the principals of the trade
D) the dealer should obtain acknowledgement that the deal has been agreed to but may assume agreement to the trade in the absence of such acknowledgement

Question

Quizplus · Accepted Answer

While the broker confirms the deal with both counterparties, it is also important for the counterparties to confirm the deal directly with each other to ensure accuracy and avoid any misunderstandings.

When a Deal Is Done Via a Broker