Posted in Finance, Accounting and Economics Terms, Total Reads: 824
Definition: Deal Slip
Deal slip, also known as deal ticket, is required to maintain record as primary source for a dealer. It contains necessary transaction detail given by forex dealer. Dealers use to have those deal slip as an archive for certain time stamp as per company policy.
Deal slip which contains information like name of the party or broker, validity of the deal, commission (if possible) quantity, transfer price, consumer price, whether deal is for purchase or sale, date & time of the transaction, settlement date etc.. it may also be used for confirmation for the deal.