Arrange the following steps of "trading and settlement procedure" in a correct sequence :

(A) Open a demat account

(B) Sign a broker client agreement

(C) Issue of trade confirmation slip by the broker

(D) Payment or delivery of shares to the exchange

(E) Issue of a unique order code number to each transaction by the stock exchange

Choose the correct answer from the options given below :

(B), (A), (C), (E), (D)

The correct answer is option (1) : (B), (A), (C), (E), (D)