COMPARISON AND SECURITY CLEARANCE 323
deliver all the available tickets which his firm has to send
to all other firms, and also to obtain all the tickets which all
other firms have sent to his firm. This system naturally
effects great economies in messenger hire by Stock Exchange

Clearing No_200_
{Delivering Mcwmber?

Clotter Line
Delivering
Member

DELAYED DELIVERY (BONDS)
STOCK CLEARING CORPORATION
(DAY BRANCH)
(Settlement Date) New Vor:

ras"

es
‘atiper the =r

a

New York WO
Contract Dat
Blotter Line Nc.
(Recelvin- Mer

Rec

ccount ¢” the undersi

Account oi__

gant

ar 1 Clearine Numbha- ~~

Figure 27¢. “Four-W=+ Deferred Delivery Bond Contrac’
deliver exchange ticket

DELAYED DELIVERY (BONDS)

clog e%8%— STOCK CLEARING CORPORATIOY
(DAY BRANCH)
(Settlament Datel Ar...

Blotter 11.
Deliverir:
afarmdha-New

 V--Contract
 ~
Blotter Line
TO ane)

the undersigned

Fr.

Hd w
‘ama - sd Nib

AACA

Account of

Figure 27d. “Four-Wzy Deferred Delivery Bond
receive exchanece ticket

Contract Ticket”’—the

firms, and also greatly speeds up the making of comparisons
between them each day. The Distributing Department is open
until 5:30 P.M. on full business days, and until 2:30 p.M. on
Saturdays.

Conclusion of the Process of Comparison.—If a delivering
 and a receiving member do not agree as to the identity,