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How do clients who have sold through the clearing member deliver securities?

April 26, 2017clearing clients deliver securities sold

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How do clients who have sold through the clearing member deliver securities?

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The clearing member shall have to provide particulars such as clearing account number (CM BP Id) and the settlement number to the client. The client will authorize his Participant to transfer securities from his account to the clearing member’s account. The clearing member shall give an authorization to the Participant to accept credit into his account.