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Re: Tower of Hanoi post# 1973

Saturday, 06/05/2021 8:17:54 PM

Saturday, June 05, 2021 8:17:54 PM

Post# of 4234
Failure to Deliver, is a SEC term. Naked shorting would be part of, an explanation for it.

Failure to deliver (FTD) refers to a situation where one party in a trading contract (whether it's shares, futures, options, or forward contracts) does not deliver on their obligation. Such failures occur when a buyer (the party with a long position) does not have enough money to take delivery and pay for the transaction at settlement.

A failure can also occur when the seller (the party with a short position) does not own all or any of the underlying assets required at settlement, and so cannot make the delivery.


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