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LSDefine

Simple English definitions for legal terms

stock clearing corporation

Read a random definition: psychotherapist–client privilege

A quick definition of stock clearing corporation:

Stock Clearing Corporation: A company that helps stock market firms exchange stocks and money with each other. It makes sure that everyone gets what they are supposed to and that everything is fair.

A more thorough explanation:

A stock clearing corporation is a subsidiary of the New York Stock Exchange that acts as a central agency for securities deliveries and payments between member firms. It helps to ensure that trades are settled properly and efficiently.

For example, if a member firm buys shares of a company from another member firm, the stock clearing corporation will facilitate the transfer of ownership and the payment for the shares. This helps to reduce the risk of errors or delays in the settlement process.

Another example is if a member firm sells shares of a company to an individual investor. The stock clearing corporation will ensure that the shares are properly transferred to the investor's account and that the payment is made to the member firm.

Overall, the stock clearing corporation plays an important role in the functioning of the stock market by helping to ensure that trades are settled accurately and efficiently.

stock clearing | stock control

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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