NISM Series 12 Securities Markets Foundation Certification Exam Notes
Page 54 Of 93
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Interoperability: Clearing corporations settle trades across exchanges.
Securities Lending: Exchanges offer platforms for borrowing and lending securities.
Rolling Settlement: Trades settle within a fixed period, typically T+1.
Trade Confirmation: Brokers issue contract notes detailing trade specifics.
Co-location: Trading servers near exchange servers reduce latency.
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