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The issue is what to do when you can't reverse the transaction because the other end (goods, stocks, etc.) is already gone.
by maratc 6y ago
The issue is what to do when you can't reverse the transaction because the other end (goods, stocks, etc.) is already gone.
- jfim 6y agoThe same way any other contractual dispute is resolved: try to solve the issue with the other party, otherwise go through the courts.
- maratc 6y agoThe question then is what to do when you can’t locate the other party, or the other party took the money and fled the country, or the other party declares bankruptcy. Who sucks the losses up in the end? (In the current system, due to T+2, it does not happen.) Please do not assume the other party acts in good faith—actually assume malice.