Uma
asked over 3 years ago
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2 Answers
acharya
answered about 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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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.
