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How does the broker deliver securities to the Clearing Corporation (CC) in case of a delivery obligation?

April 26, 2017broker Case clearing corporation deliver DELIVERY obligation securities

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How does the broker deliver securities to the Clearing Corporation (CC) in case of a delivery obligation?

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The broker will be receiving delivery obligations from the Clearing Corporation. He has to instruct his Participant by submitting a instruction slip in the prescribed standard format and deliver the securities to the Clearing Corporation before the pay-in for the settlement.