Confirm
The counterparty opens the same adjustment and sees the same components, weights and result. Both confirm. A question or a decline stays recorded against the period it concerns.
Confirmation is where a buyer and supplier agree on one price adjustment instead of exchanging spreadsheets. The counterparty opens the same calculation, sees the same index components, weights, and result, and confirms or declines with a reason. A question stays attached to the period it concerns, and the adjustment stays open until it is resolved. It builds on the formula both sides are confirming and the versioned data behind it, and it treats the number as a shared fact rather than a position.
Sign-off · adjustment 2024-Q3 · +4.71%
Vulcan asked: is the PPI value for September preliminary or final? Northgate: final, received 13 Nov. Resolved, kept on the record.
Not a PDF of your result. The same formula, the same source values, the same component contributions. If the two sides ever compute different numbers, it is visible here rather than discovered in an invoice dispute.
Both parties, same breakdown
A decline is not a dead end. It records why, keeps the thread attached to that period, and leaves the adjustment open until it is resolved. Nothing moves to a separate email chain.
Declined · awaiting response
"Base should be Q2 2021 per amendment 3, not Q1." · open 2 days
Around the confirmation
Your own reviewer signs off before the adjustment is sent to the counterparty.
Every thread stays with the adjustment it is about, not in someone's inbox.
Both sides are told when a party confirms, declines or comments.
The counterparty gets access to the specific adjustment, not your whole account. They see the formula, the source values, and each component contribution, then confirm or decline. Both confirmations are recorded with the date, and both sides are notified on every state change.
A decline records the reason and keeps a thread attached to that period. The adjustment stays open, not settled, until the question is resolved. Because both sides work from the same formula and data, a disagreement usually comes down to one input rather than a whole recalculation.
No. Confirmation access is part of the account that owns the contract. The counterparty confirms, comments, and declines without a paid seat of their own.
Yes. Your own reviewer approves the adjustment first, then it is sent to the counterparty. The internal approval and the counterparty confirmation are separate events in the audit log.
The number is a shared fact, not a position.
Explore
We use cookies to run Escalake and to understand site traffic. Choose Accept Minimum for essential cookies plus anonymous visit counting only, or Accept All to also let us link activity to your account. Read our Cookie Policy and Privacy Policy.