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I am Ashok Kumar Kasi, an ex-IIM alumni and the Founder of FinEx (Financial Exchange)Training. I provide one month FREE coaching for CFA in Mumbai. So that trainees can decide on their own if they wish to pursue CFA. I can be contacted on 9867242021 or 9840032032.
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About this video:
This video explains the Trade Life Cycle steps in the US market. Steps may slightly differ depending on the Market or Bulk trade. This video is very
helpful for the people working in the operational or back office of the Equity settlement process.

Topics covered:
1. What is Trade Life Cycle or What are the steps involved in a Trade Life Cycle.
2. Interview questions of Trade Life Cycle
3. Front Office, Middle Office, and Back Office
4. Why it takes T+3 working days for the settlement in the US. (In India, it takes T+2 working days).
5. What is Custodian
6. What is Clearing House
7. What is Depository

Example for Clearing House in India -- NSCCL - National Securities Clearing Corporation of India and ICCL - Indian Clearing Corporation Ltd.
Examples for Depository in India -- NSDL and CDSL.
DTCC acts as both Clearing House and Depository in US.
Example for Clearing Member and Custodian - SBI Capital, HDFC Securities, ICICI Securities can act as Clearing Member and Custodian. Typically, major Investment Banks takes up the license of Clearing Member.
In India, many Investment Banks like BNYMellon, Northern Trust acts as the Custodian (their clients are in US and other countries but Custodian's work happen's in India).


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