What is a clearing and settlement process?
| Clearing: | the process of calculating the net rights and obligations of Trading counter-parties arising from a trading contract, in order to deliver the securities or settle their price payments on the specified settlement date. |
| Settlement: | the process by which a trading contract is completed with the final, unconditional transfer of securities from the seller to the buyer and the final settlement of price payments in their respect. |
FAQS Taxonomy
