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

After the Trade Is Made: Processing Securities Transactions. Weiss Hardcover: 512 pages Publisher: Prentice Hall. Product DescriptionProviding an explanation of each step in the trading process, this updated edition covers the technological changes and developments. This 90-second reporting requirement has been in effect since 1982, when OTC trading was primarily a manual process. 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. 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. 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 book download. After.the.Trade.Is.Made.Processing.Securities.Transactions..pdf. Book Name: After the Trade is Made: Processing Securities Transactions, Second Edition Author: David M. Today, OTC trading is highly automated and most transactions are reported in well under 90 seconds. We understood from market participants that there were several types of trading platforms being used to effect transactions in security-based swaps, including security-based swap agreements that became security-based swaps on the effective date, that would likely register as security-based swap execution facilities (“security-based SEFs”) and that the use of trading platforms to effect security-based swap transactions would continue after the Title VII effective date. After the Trade Is Made: Processing Securities Transactions David M.