The introduction of Expo Traders Ltd. does not make any difference to the process of buying and selling although it does make a difference to the settlement of such trades.
Where investors have an Expo Traders Ltd. account through their broker then the act of giving a sell order to the broker also authorizes him to move securities from the account to settle the sale. The broker will move the securities when he enters the order into the market. If the order is executed then the securities are used to settle the sale. If the order is not executed then the broker will move the securities back to the investor’s account.
Where investors have an Expo Traders Ltd. account through a custodian (who is not a broker) then they must advise their custodian that they have sold as they do for physical securities. However, the securities must be in an Expo Traders Ltd. account before they are sold and the broker may wish to check this fact with the custodian before executing the order.
On the settlement date of a bought trade, the broker will move securities to the account of the buying investor (provided the investor has paid). Investors may leave the securities in their account (ready for when they wish to sell or to avoid the need to hold certificates) or they may request the participant to rematerialize the securities.
3 Comments
John Attack
“ Margarita Tartakovsky, M.S. is an Associate Editor and regular contributor at Psych Central. Her Master’s degree is in clinical psychology from Texas A&M University. In addition to writing. about mental disorders, she blogs regularly about body and self-image issues on her Psych Central blog, Weightless. ”
Noor Mallick
Again is there anyone who loves or pursues or desires to obtain paiits ecause it is pain, but because occasionally circumstances occur in which. Harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime.
Julia Mushenko
Harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime but I must explain to you how all this mistaken idea of denouncing pleasure and praising pawas born and I will give you a complete account