ACI
3I0-012 · Question #317
3I0-012 Question #317: Real Exam Question with Answer & Explanation
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Question
Which of the following is the best description of a "broken trade"?
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
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