Confirmation / Affirmation or comparison matching

Confirmation and affirmation
Sending trade confirmation guarantees that trade details are correct.
Methods of confirmation / affirmation in case of bonds

• Banks - A bank trading on behalf of client may issue a trade confirmation to the client say via SWIFT, email etc. or may utilize a trade affirmation facility. Omgeo, a global joint venture between the Depository Trust & Clearing Corporation (DTCC) and Thomson Financial, offers trade confirmation and affirmation services and has users in over 40 countries.
• Exchange firms - Stock exchange firms in case of stocks, Options exchange  members in case of Options.
• Broker dealer firms
  These firms use some registered clearing agent or vendor for confirming / affirming trades.
  Eg. in case of stocks - In US, there is National Securities Clearing Corporation (NSCC) and Fixed Income Clearing Corporation(FICC).
  Eg. in case of options - In US, listed options trades are compared on exchange and then sent to Option clearing Corporation ( OCC ) for settlement. UK options traded on Euronext.liffe clear at LCH.Clearnet. Options traded in Japan settle through Japan Securities Clearing Corporation (JSCC).

Trade reporting