If minimum damage is EUR25k, how long can a mistrade application be submitted after the conclusion of a transaction?

The correct answer indicates that a mistrade application can be submitted up to 3 hours after the conclusion of a transaction when minimum damage is set at EUR25,000. This timeframe allows market participants sufficient opportunity to review and assess transactions that may require correction due to errors or significant discrepancies. Recognizing that larger sums, such as the indicated minimum damage, necessitate careful consideration, the extended period supports traders in addressing serious issues promptly without rushing their evaluations. This is particularly critical in maintaining market integrity and ensuring that all parties are treated fairly in instances where mistakes could impact financial outcomes significantly. The allotted time provides a balance between operational efficiency and the need for thoroughness in rectifying potential mistrades.