Practicing Success
Identify the correct sequence of steps involved in the screen based trading for buying and selling of securities on stock exchange. A. Open a beneficial owner account with the depository participant. B. The trade has been executed within 24 hours and a contract note is issued. C. A registered broker is approached D. Place an order with the broker E. The settlement cycle is on T+2 day on rolling settlement basis. Choose the correct answer from the options given below :
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A, B, D, C, E A, C, D, B, E C, A, D, B, E C, B, D, A, E |
C, A, D, B, E |
The correct answer is option (3) : C, A, D, B, E The correct sequence of steps involved in screen-based trading for buying and selling securities on the stock exchange is: 1. C. A registered broker is approached. 2. A. Open a beneficial owner account with the depository participant 3. D. Place an order with the broker. 4. B. The trade has been executed within 24 hours and a contract note is issued. 5. E. The settlement cycle is on T+2 days on a rolling settlement basis. Therefore, the correct answer is: 3. C, A, D, B, E. |