Transcription of Chapter 5 Introducing and Understanding Transaction cycle
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Chapter 5 Introducing and Understanding Transaction cycle
Introducing and Understanding Transaction Cycle61 Chapter 5 Introducing and UnderstandingTransaction cycleLearning Objectives:After reading this Chapter , you should be identify the parties involved in the process of clearing and understand the functions of the relevant understand the procedure of settlement of know the types of risks that an investor is exposed guide engine to Transaction settlement National Securities Clearing Corporation Limited (NSCCL) Clearing Clearing Professional Clearing Members (PCM s) in Counterparty Replacement Cost Principal Liquidity Third Party System Operational Legal Systemic IntroductionEarlier we used to followaccount period settlement for settling all the trades in thestock market.
Introducing and Understanding Transaction Cycle 66 5.4 Settlement Process There are basically three tasks that are performed in the process of buying and selling
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