In the financial market, the secure, legally valid declaration (usually transmitted electronically today) by a contracting party that a transaction has been executed. In the absence of this, a transaction may be subject to very high risks, especially in the credit derivatives market. – See settlement department, book profit, closing, European Master Agreement, closing slip, settlement. – Cf. BaFin Annual Report 2005, p. 19 (consultation of supervisory authorities with market participants on this matter).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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