The contents of all Service Guides constitute "Procedures" of The Depository Trust Company ("DTC") as defined in the Rules of DTC. Confirmation: There is a confirmation of a sale of securities in a specified amount at a given price between the buyer and seller.Once a foreign exchange trade is executed between two institutions, a three-step process unfolds. The trade settlement period is between the trade date and the settlement date, when a trade is considered final. What Is the Settlement Period? It's the final step in the lifecycle of a securities transaction. The key there being "up to. Confirmation hearing on the same day. Whenever we roll out new courses or updated courses, you'll be automatically notified. We're also still in the process of updating the CBTs for version 3.1.