Stock Terms: Stock Settlement

Securities settlement refers to the receivables and receivables payable to the buyers and sellers after the completion of the securities paction.

After the paperless paction is carried out, the settlement will only be offset by the amount and amount of securities purchased and sold by the securities dealers, and the difference between the receivable and payable securities and the receivable and payable stock shall be calculated.

Shanghai securities

Since the Shanghai stock exchange has implemented a comprehensive designated paction in April 1, 1998, investors can only entrust the designated securities trading department to sell or buy all their securities.

That is to say, the Shanghai stock exchange is designated for a single securities account, and each account can only be traded in the designated securities business department and the settlement of investors.

The characteristics of the clearing system of the Shenzhen stock exchange are: the system of trustee securities dealers should be implemented, and the securities held by investors must be trustee under the name of a securities dealer and can only be entrusted to the securities dealer to sell.

That is to say, the Shenzhen stock exchange is designated for the sale of single securities, where it is sold, where to sell, and where to handle the settlement procedures of investors.