This course provides an overview of NSCC’s Continuous Net Settlement (CNS). and settling equities and fixed-income securities that are NSCC- and DTC-eligible. This course describes how CNS centralizes the settlement of compared security transactions and maintains an orderly flow of security and money balances. Topics include the role of a central counterparty, the netting process and reviewing CNS reports.
DTC settlement course provides learners with an overview of settlement activities which take place at DTC starting with the events leading to settlement through end-of-day settlement (final figures). Topics include: Concepts of Risk Management, Types of Transactions Processed in the Settlement System, Stock Loans and an introduction to the Settlement Web application.
Topics covered will include:
- Overview of DTC Settlement Process
- Clearance (NSCC)
- Concepts of Risk Management
- Types of Transactions Processed in the Settlement System
- Systems Supporting Settlement
- Stock Loans
- End-of-Day Settlement (Final Figures)