Series 3: 1.3.4.4. The Clearing And Settlement Process

Taken from our Series 3 Online Guide

1.3.4.4. The Clearing and Settlement Process

A trade is cleared when the two sides of a trade compare its details to make sure that they match and arrange for the transfer of funds and securities. A trade is settled when the transfer of funds is completed.

Since you're reading about Series 3: 1.3.4.4. The Clearing And Settlement Process, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 3
Please Enable Javascript
to view this content!