4 ms·
> You can't buy or sell anything without having them hold the asset / fiat... even if only for the T+2 days to settle. I thought DTCC and NSCC took care of tha
by SpelingBeeChamp 5y ago
> You can't buy or sell anything without having them hold the asset / fiat... even if only for the T+2 days to settle.
I thought DTCC and NSCC took care of that, for like, everyone. No?
- jimmydorry 5y agoAll of my brokers have required funds in settlement account prior to settlement date, with some being fine with transfer of funds on t+2 if they could see enough money in an attached account.