Settlement system

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked about 3 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 acharya answered almost 3 years ago

(a) Accounting period settlement systems - – There is a predetermined period of usually 7 – 12 days, over which total trades are aggregated. – Cumulative net obligations of each member are calculated on last day of cycle. – It is more speculative than the rolling settlements. It may lead to payment crisis in case of wide fluctuations in the market.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered about 3 years ago

Settlement is the process of netting of transactions and actual delivery or receipt of securities against receipts of payment of agreed amounts. It is necessary to make a settlement to know the net effect of a series of transactions during a given period.

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