Aditya Birla Money Limited Copyright Aditya Birla Nuvo Limited 2008 Functioning of Secondary Market...
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Aditya Birla Money Limited Copyright Aditya Birla Nuvo Limited 2008 Functioning of Secondary Market 1 Different persons, involved for a smooth Secondary Market process Buyer Seller Share Brokers of Buyer & Seller Recognised Stock Exchanges Clearing Corporations Depository Participants Bankers Next
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Transcript of Aditya Birla Money Limited Copyright Aditya Birla Nuvo Limited 2008 Functioning of Secondary Market...
Aditya Birla Money Limited
Copyright Aditya Birla Nuvo Limited 2008
Functioning of Secondary Market
1
Different persons, involved for a smooth Secondary Market process
Buyer
Seller
Share Brokers of Buyer & Seller
Recognised Stock Exchanges
Clearing Corporations
Depository Participants
Bankers
Next
Aditya Birla Money Limited
Copyright Aditya Birla Nuvo Limited 2008 2
NextPrevious
Functioning of Secondary Market
Buyer placinga “Buy Order”
Seller placinga “Sell Order”
Througha Stock Broker
Througha Stock Broker
On the RecognisedStock Exchange
If the Orders are matching, they will get executed.
Aditya Birla Money Limited
Copyright Aditya Birla Nuvo Limited 2008 3
NextPrevious
Functioning of Secondary Market
Buyer issues Cheque
Seller releases Security
Through theStock Broker
Through theStock Broker
To theClearing
Corporation
Aditya Birla Money Limited
Copyright Aditya Birla Nuvo Limited 2008 4
NextPrevious
Functioning of Secondary Market
Buyer receives Securities
Seller receivesFunds
Through theStock Broker
Through theStock Broker
Clearing Corporation
Releases FundsReleases Securitites
Aditya Birla Money Limited
Copyright Aditya Birla Nuvo Limited 2008
Thank you
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