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Quantitative Finance · Glossaire

Qu'est-ce que « Trade lifecycle event, trade amendment » ?

Aussi appelé : trade lifecycle event · trade amendment

Definition 21.5 Research, Data and Risk Platforms · Chapitre 21 — Trade Capture and Booking

A trade lifecycle event is anything that happens to a trade after it is executed: an amendment, a novation (Book 1, chapter 5), a partial termination, an exercise, an allocation, a cancellation. A trade amendment changes a term of the trade (notional, rate, dates) by agreement; it is recorded as a new version, never by overwriting the old one.

The hook’s swap through the week and what three copy-based systems held on Friday at 15:00. Each copied the trade on the events it cares about, or on its own schedule. Settlement holds version 4 only because the last event, a termination, is one it copies on; only a system that follows every event holds the current version whatever the last event was.
Figure 21.2. The hook’s swap through the week and what three copy-based systems held on Friday at 15:00. Each copied the trade on the events it cares about, or on its own schedule. Settlement holds version 4 only because the last event, a termination, is one it copies on; only a system that follows every event holds the current version whatever the last event was.
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