Series 7: 17.5.2.1 Clearance And Settlement For Trades Cleared Electronically

Taken from our Series 7 Top-off Online Guide

17.5.2.1 Clearance and Settlement for Trades Cleared Electronically

The clearing and settlement process generally involves two steps: trade comparison and delivery. For securities traded on NASDAQ, trade comparison is made by each party’s clearing firm. NASDAQ’s Automated Confirmation Transaction Service (ACT) “locks in” the trade and sends it to the NSCC, which electronically clears and nets the trading activity for that day. From there, the Depository Trust and Clearing Corporation (DTCC) is assigned to settle the trade by transferring ownership of the

+ Read More

More Series 7 Info

What are people saying?

Create an Account

Since you're reading about Series 7: 17.5.2.1 Clearance And Settlement For Trades Cleared Electronically, you might also be interested in:

SIE - 3.10.2. 529 College Savings Plans

Series 79 - 11.2.12.2. The Confidentiality Agreement

Series 79 - Fairness Opinion Requirements

Series 6 - 7.2.1.3. Implications of the CAPM

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

After a lengthy absence from the securities industry, I again needed to get licensed. With the great help of Solomon, I did the SIE, Series 7, Series 63, and Series 82, in just over 5 months. The materials are comprehensive and I would recommend reading it all at least twice. Have realistic goals and meet them. Don't take too many days off as the quicker you learn the material the less likely your are to forget the initial stuff. I found the "Ask the Professor" feature to be particularly helpful (and responsive!). I hope I don't need further exams any time soon but, if I do, I will use Solomon.

Shawn Sullivan Charlestowne Securities Darien, CT

I studied for the Series 7, 79, and 82 with Solomon Exam Prep, and I never scored lower than a 90% on the actual exam! The Study Guides are easy to understand, and the Online Exam Simulator really prepares you. I just purchased the Series 24 Essential Package today!

Michael McGregor, Focus Bankers, Charlotte, NC

I would not have passed the Series 7 top off without the Solomon materials. The structure of the questions was the closest out of all the programs I tried and their customer support is top notch. I will definitely be back! Thank you!!

Lauren J, Westlake, TX

My oldest son purchased your Solomon audio exam guide to pass his Series 7, and I did the same for the Series 65 exam at his recommendation. Although I am 62 and have been out of college for forty(40) years, I passed my Series 65 exam on my first try. This would NOT have been possible without your excellent study materials. Thank you! for the service you provide to all aspiring test takers where so much is on the line!

Most Sincerely,

David Hartzell

Cornell Capital Management

David Hartzell, Cornell Capital Management, New York

Thanks to Solomon I was able to pass the SIE, Series 7, and Series 63, great study material if you put the hours in!

Xavier Mata, Cabrera Capital Markets. Chicago, IL

Thank you Solomon! I was able to pass the SIE, 7, 63 and 24 in a relatively short time period. The practice exams with answers really helped and when I had a question for The Professor, I always received a quick and accurate response. Solomon is definitely the way to go.

Seth Schader, CCO, Mercer Island, WA