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After the Trade Is Made: Processing Securities Transactions by David M. Weiss

After the Trade Is Made: Processing Securities Transactions David M. Weiss ebook
Format: pdf
ISBN: 1591841275, 9781591841272
Page: 411
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. After the Trade Is Made: Processing Securities Transactions book download. Product DescriptionProviding an explanation of each step in the trading process, this updated edition covers the technological changes and developments. Today, OTC trading is highly automated and most transactions are reported in well under 90 seconds. Book Name: After the Trade is Made: Processing Securities Transactions, Second Edition Author: David M. Indeed, FINRA Recognizing that members will require sufficient time to make necessary system changes, FINRA is proposing to delay the effective date of the new reporting requirements for six to nine months after SEC approval. This 90-second reporting requirement has been in effect since 1982, when OTC trading was primarily a manual process. 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. After the Trade Is Made: Processing Securities Transactions David M. Weiss Hardcover: 512 pages Publisher: Prentice Hall. 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.