[SIE] 52, Trade Settlement and Clearing
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The definition of trade settlement and the standard T+1 cycle for most securities. - How the Depository Trust & Clearing Corporation (DTCC) acts as the central hub for clearing and settling trades. - The concept of book-entry ownership and holding securities in "street…
The skinny
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