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

Question

Options

• Awhen a trade has been agreed to with dates (maturities) different from the standard dates
• Bwhen one of the parties to the deal unilaterally decides to withdraw from the on-going transaction
• Cwhen, due to a system break, one or both parties to the deal chooses to withdraw from the ongoing transaction
• Dwhen, due to a system break, one or both parties to the deal are unclear as to whether the deal has been done

• A
  5% (1)
• B
  5% (1)
• C
  10% (2)
• D
  80% (16)

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