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[[equity| | [[equity|Cash equities]], [[Bond|cash bond]] trading: any [[financial instrument]] that is traded and settled over a short period (say up to three days) by [[delivery versus payment]] and without any financing (or implied financing) such that neither party takes extended exposure to the market or the counterparty’s [[credit risk]]. | ||
Compare [[derivative]]s and [[loan]]s. | |||
{{sa}} | |||
*[[Term]] | |||
*[[Master trading agreement]] | |||