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The failure to deliver cash or collateral in time for the settlement of a transaction.
Proposed by the European Commission to impose a FTT within some of the member states of the EU. The tax would be levied on all transactions on financial instruments between financial institutions when at least one party to the transaction is located in the EU.
Delivery of securities with no corresponding payment of funds.
Futures are derivative financial contracts that obligate the parties to transact an asset at a predetermined future date and price.