Template:Trade versus confirmation: Difference between revisions

Jump to navigation Jump to search
no edit summary
(Created page with "If a swap trader agrees one thing, and the confirmation the parties subsequently sign says another, which gives? A 15 second dealing-floor exchange on a crackly taped line...")
 
No edit summary
 
Line 1: Line 1:
If a swap trader agrees one thing, and the [[confirmation]] the parties subsequently sign says another, which gives? A 15 second dealing-floor exchange on a crackly taped line, or the carefully-wrought ten page, counterpart-executed legal epistle that follows it?
If a [[Trading|trader]] agrees one thing, and the [[confirmation]] the parties subsequently sign says another, which gives? A 15 second dealing-floor exchange on a crackly taped line, or the carefully-wrought ten page, counterpart-executed legal epistle that follows it?


'''TL;DR''': The ''original oral trade prevails''.
'''TL;DR''': The ''original oral trade prevails''.

Navigation menu