Process of the settlement cycle?



Process of the settlement cycle?..

Answer / Umesh Kumar Gangwar

The settlement cycle consists of several steps: trade confirmation, payment and delivery (T+0), collection and book-entry registration (T+1), final settlement (T+2).nIn the first step, the buyer confirms the trade, and both parties agree on the details. In the second step, the seller delivers the securities and receives payment. In the third step, the depository records the book-entry of the transferred securities, and in the final step, the depositories settle any differences between them.

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