What is FAIL TO RECEIVE?

A situation where a buying DEALER has not received securities from the selling dealer, and will thus not make its payment. Fails are commonly used as a measure of operations-based PROCESS RISK. See also AGED FAIL, FAIL TO DELIVER.

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Related Legal Terms
Payment Systems, Secured Transactions, Criminal Law (Emanuel), Torts (Selmi), Admin Law Keyed to Rogers & Krotoszynski, Comparative Constitutional Law, Criminal Law (Keyed to Dressler), Evidence 2, Criminal Procedure, Property Law – 2


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