ACI Dealing Certificate 3I0-012 Question # 436 Topic 22 Discussion

ACI Dealing Certificate 3I0-012 Question # 436 Topic 22 Discussion

3I0-012 Exam Topic 22 Question 436 Discussion:
Question #: 436
Topic #: 22

Which of the following is the best description of a “broken trade”?


A.

when a trade has been agreed to with dates (maturities) different from the standard dates


B.

when one of the parties to the deal unilaterally decides to withdraw from the on-going transaction


C.

when, due to a system break, one or both parties to the deal chooses to withdraw from the ongoing transaction


D.

when, due to a system break, one or both parties to the deal are unclear as to whether the deal has been done


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