All > Business > Finance > Personal Finance
Each securities transaction goes through post-trade processing during which the details of the trade are compared, cleared, and settled.
This involves matching the details of the buy order with those of the sell order, changing the records of ownership, and finalizing the payment.
- Browse Related Terms: Beneficial owner, Clearance, Clearing firm, Committee on Uniform Securities Identifying Procedures (CUSIP), Continuous net settlement, Delivery date, Netting, Nominee name, Post-trade processing, Safekeeping, Street name