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Why does a Broker have only one Clearing Member Pool Account?

April 26, 2017account broker clearing pool

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Why does a Broker have only one Clearing Member Pool Account?

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The Clearing House deals with ONLY ONE designated account for pay-in and pay-out with the Broker.This single account allows you to know to which account securities must be delivered and received from.One Clearing Member Pool Account is opened per card / Stock Exchange to settle trades in the Dematerialised form.