Chapter 19 preview
Chapter 19: Settlement and Regulatory Reporting
Chapter summary
Chapter 19 covers trade settlement, clearing, delivery, and regulatory reporting. Equities settle T+1. Government securities also settle T+1. TRACE requires fixed-income trades to be reported within 15 minutes of execution. The DTC holds securities electronically and facilitates book-entry settlement. FINRA Rule 4511 specifies records retention: most records for 6 years. Know the role of NSCC in clearing equity trades.
Key concepts
- Trading Systems and Their Functions
- Clearing and Settlement - An Overview
- Delivery of Physical Securities
- Additional Settlement Issues
- Settlement and Delivery for Equity Option Exercise
- Trading Systems and Their Functions
- Clearing and Settlement - An Overview
- Delivery of Physical Securities
- Additional Settlement Issues
- Settlement and Delivery for Equity Option Exercise
- Identify TRACE as the FINRA system for real-time reporting of corpora...
- Identify EMMA (MSRB) as the source for municipal bond trade data and...
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