_____ means actual transfer of securities.

Executing the Order

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Placing the Order

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Opening 'Demat' Account with Depository

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Settlement

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Solution

The correct option is D Settlement
Settlement means actual transfer of securities. This is the last stage in the trading of securities done by the broker on behalf of their clients. Settlement can be done in two ways, namely, on-spot settlement and forward settlement.

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Similar questions

Arrange the steps in the procedure for an investor who wants to buy securities on a stock exchange:

1. Selection of broker
2. Opening Demat account with a depository

3. Place the order with the broker

4. Settlement

5. Execution of order by the broker on the instruction of the investor

Explain the working of a demat account.

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