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Clearing and Settlement Explained: Where Does Your Money Go After a Trade? | Canadian Investing
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Episode 8: Clearing and Settlement
Episode Summary In this episode, John and Jane look at the crucial gap between agreeing to a trade and actually completing it. They explain the roles of clearing and settlement, focusing on the "most important boring institution in finance" that guarantees your money and shares arrive as promised. The hosts discuss the 2024 move to T+1 settlement in North America and how the system manages millions of trades through the invisible process of netting. Jane…
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