Series 24 podcast · Episode 14
Settlement and Clearance
42 min of listening
Trading & Market Making. Free audio, ready to play in your browser.
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Follow along with
the written unit.
Listen at your own pace, then use the matching lesson to revisit the details. The written material includes:
- UPC Scope and Clearing Infrastructure
- Comparisons, Confirmations, and DK Notices
- Settlement Cycle and Dates of Delivery (T+1)
- Good Delivery: Units, Form, and Restricted Certificates
- Bond Settlement: Accrued Interest, Due-Bills, and Transfer Fees
- Marking to the Market
- Close-Out: Buy-Ins, Sell-Outs, and COD Orders
Put this episode into practice with adaptive questions and flashcards in the full Series 24 course.