NISM Series 7 Securities Operations Certification Exam Notes
Page 51 Of 97
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T+1 Settlement: Obligations determined on T+1 for cash market.
Block Mechanism: Ensures securities delivery for settlement.
Depository Role: Facilitates securities transfer between accounts.
Pay-In Process: Members deposit funds/securities with clearing corporation.
Pay-Out Process: Clearing corporation credits funds/securities to members.
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