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CMFASPrepStudyingRES5
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Financial advisory
RES5Financial Advisory Services✓Which statement about modern share settlement and safekeeping is CORRECT?
Modern shares are almost always held in dematerialised (electronic/scripless) form and settle on a standard cycle a set number of business days after the trade date, with a central clearing system and depository transferring ownership and reducing counterparty risk.
Assuming instant settlement or that paper certificates and no central depository are the norm.
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