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Handbook of Key Global Financial Markets, Institutions, and Infrastructure by Gerard Caprio

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Chapter 50

Securities Settlement Systems

D.C. Donald

The Chinese University of Hong Kong, Shatin, Hong Kong SAR, China

Outline

Definition

Securities settlement is the process of transferring to the buyer ownership of the security bought and to the seller ownership of the purchase price. On an organized securities market, trades occur through the matching of orders on an order book, ...

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