Arrange the steps of Trading and Settlement procedure in Securities
A. Open a demat account
B. Place an order with the broker
C. Sign a broker-client agreement
D. Broker match the share price available E. Broker issue a trade confirmation slip
Choose the correct answer from the options given below:
This question was previously asked in
Shift 29/05/2023 3:30 PM - 6:30 PM
A
A, B, C, D, E
B
E, D, C, B, A
C
C, A, B, D, E
D
C, A, D, B, E
Correct Answer
C, A, B, D, E
Detailed Explanation
Sign a broker-client agreement (C):
- Establish terms with the broker.
Open a demat account (A):
- Set up an electronic account for holding securities.
Place an order with the broker (B):
- Specify the desired securities and transaction details.
Broker matches the share price available (D):
- Determine the execution price by matching orders.
Broker issues a trade confirmation slip (E):
- Provide the investor with a confirmation of the completed transaction.
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