Transaction Information
A customer trade confirmation must identify the parties and describe the specifics of the transaction. It must contain:
- • Customer name
- • Whether the customer is a purchaser or seller
- • Dealer name, address, and phone number
- • Whether the dealer acted as a principal or agent
- • For agency transactions, the dealer must specify whether it was an agent for the customer, another entity, or both. It must also indicate the source and amount of any remuneration the dealer will receive from the customer or any other party
- • For principal transactions, the markup or markdown is included in the net price and not disclosed
- • Trade date
- • If available, the time of execution, the par value of the securities, the settlement date, and the yield and dollar price (For municipal fund securities, the total purchase or redemption price excluding commission will be presented instead of the par value, yield and dollar price.)
- • Total dollar amount of the transaction
- • Amount of accrued interest (will not be presented for municipal fund securities)
With regard to delivery of the securities, the customer confirmation shall identify:
- • The denominations to be delivered (for securities other than bonds or municipal fund securities)
- • Any bond certificates delivered in nonstandard denominations