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

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XIV. Money clearance and settlement

Collection:: Economics Books

MONEY CLEARANCE AND SETTLEMENT 399 through the earlier stages of comparison, security clearance and security deliveries and have seen how actual money credits or debits are established in each member’s account as a result of security deliveries, loan operations, and special “w.i.” settle- ments. It now remains to see how the two final stages of money clearance and money settlement are effected. STOCK CLEARING CORPORATION (DAY BRANCH) Clearing No. HF M)_~ = Firm Name. Vnbime. BG. We herewith send Om jtoreeedom Fors ©. 0 33.53 which Soe 10 our ace Deliver the following for which. we hereby acknowlsadge receipt Noy odd ie (Flr Sticnatu- Figure 46. The Final Receipt Showing final settlement of account of Jenkins & Co. Ruled lines at bottom of form are for securities to be withdrawn and are not involved in the present instance. At the end of the day, each member's account on his “record sheet” (Figure 48) consists of two columns of items—one for actual credits and the other for actual debits in terms of money amounts. The money clearance performed by the Stock Clear- ing Corporation is very simply performed by adding up the total credits and the total debits of each member’s record sheet, and then balancing these figures. If a member has total credits of $500,000 and total debits of $450,000, his account can thus be reduced to a final credit balance of $50,000; if, on the other hand, another member has total credits of $750,000 and total debits of $850,000, he will have a final debit balance of $100,000. Since in the Day Branch all credits and debits are

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