In simplest terms, a transfer of a player between two clubs will manifest in COMET as:
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termination of the registration for the releasing club (and termination of the contract, if applicable),
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new registration of a player for the engaging club.
Based on the relationship between the parent association of releasing and engaging clubs, we can identify two types of transfers:
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Domestic - clubs are in the same country (FIFA member association), and
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International - clubs are in different countries (FIFA member associations).