Transcription of Chapter 5 Introducing and Understanding Transaction cycle
{{id}} {{{paragraph}}}
Example: quiz answers
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. Account period in NSE was from Wednesday to the following means trades done on Wednesday, Thursday, Friday, Monday and Tuesday willbe paid-in on Tuesday and paid-out on the following Wednesday.
Introducing and Understanding Transaction Cycle 62 settle their respective obligations as per the rules, bye-laws and regulations of the clearing corporation.
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: