ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Clearing and Settlement
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Netting
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Trade Cancels
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Trade Matching
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Detailed explanation-1: -A clearing corporation is an organization associated with an exchange to handle the confirmation, settlement, and delivery of transactions. Clearing corporations fulfill the main obligation of ensuring transactions are made in a prompt and efficient manner.
Detailed explanation-2: -The Clearing Corporation of India Ltd. (CCIL) (CIN: U65990MH2001PLC131804) was set up in April, 2001 to provide guaranteed clearing and settlement functions for transactions in Money, G-Secs, Foreign Exchange and Derivative markets.
Detailed explanation-3: -The Depository Trust and Clearing Corporation (DTCC) is a financial services company that provides clearing and settlement services for financial markets. It is also instrumental in the automation, centralization, standardization, and streamlining of said markets.