综合英语4-配套教学-Unit 10 Text B-Clearing vs settlement.docVIP

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综合英语4-配套教学-Unit 10 Text B-Clearing vs settlement.doc

ClearingvsSettlement?

Clearingandsettlementaretwoimportantprocessesthatarecarriedoutwhenexecutingtransactionsinfinancialmarketswherearangeoffinancialsecuritiescanbeboughtandsold.Clearingandsettlementallowclearingcorporationstorealizeanyrightsobligations,whicharecreatedintheprocessofsecuritiestrading,andtomakearrangementssothatthefundsandsecuritiescanbetransferredaccuratelyinatimely,efficientmanner.Thearticleclearlyexplainshoweachofthesefunctionsfallsintotheprocessofsecuritiestrading,explainstherelationship

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