At some point, therefore, it makes sense to conduct the associated transaction within a single legal entity rather than on a market.

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This can most easily be done by taking another forty-five days to conduct a more formal investigation of this proposed transaction.

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As the concept of the financial transaction undergoes a radical transformation, MasterCard and Tufts University decided to conduct similar experiments with their summer interns and students, respectively.

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In his statement Mr Micalizzi said he had relied on "a sophisticated structure of service providers and market participants to conduct an ongoing due diligence of the bond transaction".

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