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After the Trade Is Made: Processing Securities Transactions David M. Weiss
Publisher: Portfolio Hardcover

List: $55 Deal: $42.86 ($12.14 off) …firm, as well as their relationships with commercial banks, transfer agents, clearing corporations, and depositories. This means that the buyer must transfer cash to the seller, and the seller must transfer ownership of the stock to the buyer within three days after the trade was made. Product Description The fully updated classic guide to the mechanics of securities processing—a must for professional investors. If ever there was a time for fuzzy logic. Product DescriptionProviding an explanation of each step in the trading process, this updated edition covers the technological changes and developments. Gifts for the time-traveling computer scientist. Net down more than 90 percent of the MBS trades it processes, but in its role as a CCP for these trades it will introduce not only a trade guaranty but an additional netting process—pool netting—that will further streamline settlement on the related delivery obligations. Datamancer.com/cart/gallery-e… 9 hours ago; Codifying laws as algorithms. After the Trade Is Made: Processing Securities Transactions. Furthermore Internal Market and Services Commissioner Charlie McCreevy said: "Legal barriers make it much more complex to hold securities cross-border, and lead to higher costs for transactions and credit. For stocks, the settlement period is three days (T+3) after the transaction. The solutions proposed in its report, entitled 'Second Advice', are expected to lead to an improved and harmonised legal framework for holding and settlement of securities through intermediaries and for the processing of corporate actions. It will guarantee settlement of all matched MBS trades, a crucial step for the securities industry where the settlement of an MBS trade often does not take place until months after the trade itself was made.