交割周期
- 网络Settlement Cycle;expiration cycle
交割周期-
据称，他利用ETF创造了虚构的交易，因为ETF的交割周期比实际造成他亏损的金融工具更长，这些所谓交易的对手方是欧洲公司，后者所在市场的规则并不要求确认ETF交易。
Adoboli reportedly created fictitious trades using ETFs , which settle over a longer cycle than the instruments on which he was actually losing money , recording them with European counterparties who were not obligated by market rules to confirm ETF trades .