11/9/2022 0 Comments Cycletimer ii interday![]() ![]() First level is member to CCP on a DVP level and the second one is member to client (FoP if the client is within the same custodian and DVP if client uses another custodian). Step 6: Settlement of trades happen in two levels at the Central Securities Depository. Step 5: Securities Clearing Center generates settlement instructions and send those electronically to Central Securities Depository. Step 4: From matched orders, trades are generated and reported electronically to the Securities Clearing Center. Unmatched orders are maintained in Saudi Exchange until either they match, are withdrawn, or expire. A variety of order types and special terms are available to the investor. Step 3: Saudi Exchange attempts to match orders according to price, and then time priority. In accordance with market conditions and the requirement of the investor, the orders within the Member’s OMS are forwarded to Saudi Exchange via a high-speed network. Step 2: Orders are entered into the member’s Order Management System (OMS). ![]() These orders represent the agreement between the member and the investor to execute a specific business transaction as per the investor order. This may be achieved through one of the channels provided by the member which includes, but not limited to, electronic trading platform, branch and telephone banking. ![]() Step 1: Buying and selling investors submit orders via the member where their accounts are maintained.
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