Confirmation, required by the Takeover Code to be given by a third party (generally the bidder's financial adviser) where the offer is for cash or includes an element of cash, that sufficient funding is in place for the bidder to satisfy in full acceptance of the offer. The cash confirmation is required to be included in both the firm offer announcement and the offer document (Rules 2.7(d) and 24.8, Takeover Code).

For further information, see Practice notes, Consideration: takeovers: Cash confirmation and Financing an offer for a public company: the certain funds requirement.