The work of the Stock Exchange

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Monograph

Identifikator:: 1831284952

URN:: urn:nbn:de:zbw-retromon-225876

Document type:: Monograph

Author:: Meeker, James Edward http://d-nb.info/gnd/126597340

Title:: The work of the Stock Exchange

Edition:: Revised edition

Place of publication:: New York

Publisher:: The Ronald Press Company

Year of publication:: [1930]

Scope:: XVI, 720 Seiten; Illustrationen, Diagramme

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XIV. Money clearance and settlement

Collection:: Economics Books

304 THE WORK OF THE STOCK EXCHANGE In a sense, the six-day delivery method employed for bonds 2 represents a regularized failure to deliver the next full business day following that of negotiation, except that with them a recomparison occurs, and delivery and payment are finally made through the Stock Clearing Corporation. Blotter Line No. Jb STOCK CLEARING CORPORATION (DAY CLEARING BRANCH) TO BE DELIVERED BY TRANSFER |Clearing No, “450 — New vor Clg TC + a ©g (Of Delivering Momber) STOCK CLEARING CORPORATION (DAY CLEARING BRANCH), ON STOCK BALANCE ORDER TO DELIVER, 700 pares 4S. 2llen. Com. @ E% s Sov. 00 The undersigned have agreed that delivery of above be made by transfer, subject to the rules of the Stock Clearing Corporation and upon its approval Zompatens ¥ Co {Receiving Member) will hand you immediately after such delivery a certified check to your order for § 8400. ov the value as stated above, of the stock placed in transfer. Debit and Credit tickets for the value of the |delivery must accompany this order so that approval may be stamped thereonbyStock Clearing Corporation Deliverer Signs C. E.R swman v Co. Receiver Signs _ Top liny » Co. Jorptoiny » Co. (These notices will not be appraved after 1.15 P.M.) Figure 45. Debkiver-by-Transfer Ticket Delivery by Transfer.—Another exception to the normal operations of the Day Branch sometimes occurs with stocks which are “delivered by transfer.” A delivering member will occasionally have stock in his possession which is due to be delivered to the receiving member, but which must be trans- ferred before it is a good delivery. (The deliverer might, for example, have two registered share certificates of 50 and of 55 shares, while he has an even 100 shares to deliver.) In such cases, both delivering and receiving members may sign "12 See Chapters X, p. 270, and XII, p. 319

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