21. Settlement, Delivery, and Trade Reporting

In this section

• Settlement Procedures in Securities Transactions
  Explore the comprehensive guide to settlement procedures in securities transactions, covering the process, importance, and standard cycles essential for the Series 7 Exam.
  • Regular Way Settlement: Understanding T+2 and Settlement Procedures
    Explore the intricacies of regular way settlement in securities trading, focusing on the T+2 standard and its applications across various securities. Learn to calculate settlement dates and navigate exceptions.
  • Cash Settlement in Securities Transactions
    Explore the intricacies of cash settlement in securities transactions, including scenarios for its use, regulatory considerations, and practical examples.
  • Seller's Option in Securities Settlement: Understanding Flexible Settlement Contracts
    Explore the intricacies of Seller's Option contracts in securities settlement, a unique agreement allowing sellers to choose settlement dates beyond standard periods. Learn about terms, conditions, and scenarios where Seller's Options are utilized.
• Book-Entry and Physical Delivery
  Explore the nuances of securities holding and delivery, focusing on book-entry and physical delivery systems in the securities industry.
  • Depository Trust Company (DTC) in Securities Settlement and Clearing
    Explore the pivotal role of the Depository Trust Company (DTC) in securities clearing and settlement, focusing on its book-entry system and participant access.
  • Custodial Arrangements in Securities: Understanding Roles and Responsibilities
    Explore the essential role of custodial arrangements in securities, focusing on how custodians hold assets, their responsibilities, protections, and best practices for selecting custodial services.
• Understanding Trade Reporting Systems in Securities Markets
  Explore the intricate world of trade reporting systems essential for securities markets, focusing on their importance, functionality, and regulatory compliance. Gain insights into the mechanisms that ensure transparency and integrity in financial markets.
  • Trade Reporting Facilities (TRF): Understanding FINRA's OTC Reporting System
    Master the intricacies of Trade Reporting Facilities (TRF) for the Series 7 Exam. Learn about reporting requirements, deadlines, and guidelines for using TRFs in OTC trades of exchange-listed securities.
  • Consolidated Tape Association (CTA): Real-Time Trade Reporting and Market Transparency
    Explore the role of the Consolidated Tape Association (CTA) in the securities industry, focusing on its function in providing real-time trade and quote information for exchange-listed securities. Learn how the CTA enhances market transparency and accessibility.
• Failures to Deliver and Receive in Securities Transactions
  Explore the complexities of failures to deliver and receive in securities transactions, their impact on market stability, and the procedures for resolution in this comprehensive guide for Series 7 Exam preparation.
  • Close-Out Procedures: Essential Steps for Rectifying Settlement Failures
    Explore the mandatory steps, time frames, and regulatory requirements for rectifying settlement failures in securities trading. Understand close-out procedures with practical examples and scenarios.
  • Buy-Ins and Sell-Outs in Securities Trading: Ensuring Contract Fulfillment
    Explore the detailed processes of buy-ins and sell-outs in securities trading, essential for enforcing contract fulfillment in the event of delivery failures. Learn about the regulatory framework, procedural steps, and practical examples relevant to the Series 7 Exam.