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

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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