A situation in which a deal appears like a trade in the settlement process, but no genuine Transaction made in a competitive situation was actually behind it. Examples of fictitious trading that might occasionally be seen in the over the counter forex market include wash and cross trades requested by brokers from a third party when one or both counterparties to a deal have exhausted their allowable credit Exposure to each other.
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National Association Of Investors Corporation (NAIC)
transferred charge call
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