# linked trade

- Canonical URL: https://www.gerhardmerk.de/linked-trade
- Post ID: 605572
- Modified: 2026-09-07T19:47:30+00:00
- Language: en

## Definition

A linked trade is a securities transaction whose settlement depends on securities obtained in a separate transaction. The second transaction cannot be settled until the relevant securities have been delivered or otherwise made available through the preceding trade. The two transactions are thus connected by their delivery obligations.

## Machine-readable

- Generator: Merk Knowledge 1.1.1