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After the Trade Is Made: Processing Securities Transactions David M. Weiss
Publisher: Portfolio Hardcover

The fully updated classic guide to the mechanics of securities processing—a must for professional investors. Book Name: After the Trade is Made: Processing Securities Transactions, Second Edition Author: David M. Net down more than 90 percent of the MBS trades it processes, but in its role as a CCP for these trades it will introduce not only a trade guaranty but an additional netting process—pool netting—that will further streamline settlement on the related delivery obligations. After.the.Trade.Is.Made.Processing.Securities.Transactions..pdf. Indeed, FINRA Recognizing that members will require sufficient time to make necessary system changes, FINRA is proposing to delay the effective date of the new reporting requirements for six to nine months after SEC approval. If ever there was a time for fuzzy logic. For stocks, the settlement period is three days (T+3) after the transaction. Today, OTC trading is highly automated and most transactions are reported in well under 90 seconds. It will guarantee settlement of all matched MBS trades, a crucial step for the securities industry where the settlement of an MBS trade often does not take place until months after the trade itself was made. Weiss, After the Trade Is Made: Processing Securities Transactions (2d rev. Datamancer.com/cart/gallery-e… 9 hours ago; Codifying laws as algorithms. This 90-second reporting requirement has been in effect since 1982, when OTC trading was primarily a manual process. [2] For a detailed description of post-trade processes for securities and derivatives, see David M. Gifts for the time-traveling computer scientist. This means that the buyer must transfer cash to the seller, and the seller must transfer ownership of the stock to the buyer within three days after the trade was made. After the Trade Is Made: Processing Securities Transactions. Weiss Hardcover: 512 pages Publisher: Prentice Hall.