I recently heard the term 'exchange days' and I'm not sure what it means. Could it be related to financial markets or some kind of trading activity? I'd like to understand the concept and its implications.
7 answers
Mon Jan 13 2025
Trading activities occur during these days.
Mon Jan 13 2025
Completed trades are then processed for clearing.
Mon Jan 13 2025
The central counterparty (CCP) or central securities depository (CSD) handles the clearing process.
Mon Jan 13 2025
Exchange days are synonymous with clearing days.
Mon Jan 13 2025
These institutions ensure the proper settlement of trades.