Following the successful execution of a transaction on the Stock Exchange, the latter sends settlement instructions to the licensed institutions authorized to carry out this activity. Upon receipt of the instructions, the process of verifying and updating the securities and cash accounts begins, in order to determine whether the securities and cash required for the successful completion of the settlement are available in the respective accounts.
Once all necessary verifications have been completed, the final stage of the process takes place, which consists of the final settlement of the transaction, namely the simultaneous transfer of the securities to the buyer and the cash to the seller.
