Corporate bond secondary market trading most often occurs:

Question

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Corporate bond secondary market trading most often occurs on a book-entry basis, meaning that ownership of the bond is electronically recorded on the issuer's books rather than through physical certificates. While some corporate bonds may trade on organized exchanges, the majority of trading occurs through over-the-counter (OTC) markets. Settlement typically occurs at T+2, meaning two business days after the trade date.

Corporate Bond Secondary Market Trading Most Often Occurs