NISM Series 7 Securities Operations Certification Exam Notes
Page 61 Of 97
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Client Margin Obligations: Ensured before clearing process.
Interoperability Benefits: Reduces costs and enhances efficiency.
Trade Netting: Minimizes settlement obligations for members.
T+1 Rolling Settlement: Trades settle on the next business day.
Pay-In Process: Funds/securities deposited by 7:30 AM on T+1.
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