交割周期
- 网络Settlement Cycle;expiration cycle
![交割周期](../cache/49779.jpg)
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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 .