SIE Lesson 14 | Clearing & Settlement Explained (T+1, DTCC & SIPC Protection)! скачать в хорошем качестве

SIE Lesson 14 | Clearing & Settlement Explained (T+1, DTCC & SIPC Protection)!

Welcome to Lesson 14 of the Securities Industry Essentials (SIE) Masterclass. In this lesson, we break down clearing, settlement and custody — the post-trade infrastructure that keeps financial markets functioning safely. You will learn: • Trade date vs settlement date • T+1 settlement cycle • What clearing means • Role of clearinghouses • How novation reduces counterparty risk • DTCC overview • Delivery versus payment (DVP) • Fail to deliver vs fail to receive • Book-entry settlement • Custody and asset segregation • SIPC protection limits • Margin settlement basics The SIE frequently tests: • What T+1 means • Who guarantees settlement • What SIPC protects • Difference between clearing and settlement • Why customer assets must be segregated This lesson reinforces the regulator mindset — focusing on systemic risk reduction and investor asset protection. Clearing and settlement are the invisible infrastructure behind every trade. Follow the full SIE Masterclass playlist for structured, exam-first preparation.