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crossed on the exchange

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10:26 Jan 15, 2008
English to Polish translations [Non-PRO]
Bus/Financial - Finance (general) / banking
English term or phrase: crossed on the exchange
If assets in the Bank's client account at the subcustodian were to be split, holdings in equities will need to be crossed on the exchange (brokerage/crossing fees will apply). This is because “Free of Payment” transfers where there is a change in beneficial owner are not permitted.
Lidia
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