Uma
asked almost 3 years ago
0
0
Answer Now
Comment
Report
2 Answers
acharya
answered over 2 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.
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below –
For any questions Request A Call Back
narahari
answered over 2 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.
