Confirmations
What deadlines apply?
In a T+1 environment, confirmations should be transmitted as soon as possible after trade execution in an electronic, standardized, and machine-readable format.
The information required for confirmation should generally be exchanged no later than 11:00 p.m. on the trade date (T) to allow sufficient time for the subsequent matching, confirmation, and settlement processes ahead of settlement on the following business day (T+1).
Effective 3 October 2026, the inclusion of the PSET (Place of Settlement) in Trade Confirmations will be mandatory.
The PSET identifies the settlement location designated for the settlement of the transaction.
Example: DAKVDEFFXXX (Clearstream Banking Frankfurt)
This information is required to route the transaction to the correct settlement location and to ensure smooth straight-through processing.
We therefore kindly request that you adapt your systems and processes accordingly. Trade Confirmations that do not contain a valid PSET code cannot be processed electronically.
What solutions does NORD/LB offer?
DTCC CTM (Central Trade Manager)
Für Confirmations zu Allokationsgeschäften sieht die NORD/LB künftig die Nutzung von DTCC CTM (Central Trade Manager) als zentralen Kommunikationskanal für den elektronischen Austausch.
SWIFT ISO 15022 (MT515)
For trades without allocation, or where DTCC CTM (Central Trade Manager) is not available, confirmations may be submitted to NORD/LB via the SWIFT message type MT515.
Note: NORD/LB is also evaluating the introduction of confirmation exchange via ISO 20022 MX setr.027 during the first quarter of 2027.
Exception for Electronic Confirmations
For transactions where both securities custody and cash settlement are provided by NORD/LB, electronic confirmations may be waived.
Can we provide an XML sample for confirmations?
At present, we are not yet able to provide a sample XML file. However, interested clients are welcome to register their interest by submitting a written request. As soon as a sample confirmation or XML example becomes available, we will of course make it available.
