Which of the Following Is the Best Description of a "Broken

question 228

Multiple Choice

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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