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Trade Date>

Status: Under Review, Last Updated: 23/02/2021

Trade Date
The trade date for a new loan is the date the loan is negotiated.

For any loan returning activity, the Trade Date should be the date that closing action is notified by the initiating party.

Although market participants may then match counterparty instructions, to reduce settlement instruction mismatch, this practice should not be considered as market standard. (IBP-329)

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