out trade
- A transaction that a clearing organization cannot process since the data submitted by both parties involved differ, causing a need for reconciliation and potential resubmission or dispute resolution
- The miscommunication about the price of the commodity led to an out trade.
- The discrepancy in the quantity on the trading platform resulted in an out trade.
- The transaction between the two parties couldn't be cleared due to their conflicting information, thus becoming an out trade.
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