European Brokerage · glossary
A weekday on which banks are open in both Cyprus and Germany. Thalvia confirms each trade by the end of the first business day after Holmbrecht confirms it. It also checks its records against the banks’ records every business day. Clause 2, “Business Day” · Chapter 8 · see Reconciliation
Explained in Chapter 8, Conflicts of Interest and Record-Keeping, of European Brokerage.
First comes the confirmation of each trade. The law makes it due by the first business day after the firm learns that the order was executed. The Client Agreement defines a business day as a weekday when banks are open in both Cyprus and Germany.Read Chapter 8, Conflicts of Interest and Record-Keeping →
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means a day, other than a Saturday or a Sunday, on which banks are open for general business in both Cyprus and Germany;Read the definition in the document →
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