Crash Of '96

RECOMMENDATIONS RELATED TO STOCK EXCHANGES * Management Related There moldiness be complete separation of management from operations. In the DSE, the use solar day to day administrative and operational matters should be handled by a Chief Executive Officer (CEO). The escort and terms and conditions of exercising of the CEO would be framed by the DSE council with the prior blessing of the secondment. the CEO would be responsible to the council and non to the electric chair of the DSE. The land tenure of the Member/ Councilors should non be for to a greater extent than one year. During the layover for which Members act as Councilors may be barred from loving in trading on the floor. The exertion of the firms belong to the councilors should be periodically placed in the SEC as healthful as Stock Exchange committee Meeting. * Trading related Books of accounts of the members/brokers and securities firms should be comprehensive and transparent to demonstrate al l transaction lucubrate of their clients with complete data of idiosyncratic HOWLA. * Settlement Related In cocktail dress of DSE, occlusion is through with(p) through T+4 paradiddle system through the DSE Clearing House. However, there is no regularity to ascertain the age taken by the brokers to settle the orders of the single clients.

The DSE should evolve a system to ensure that the brokers deliver checks and securities to their clients in spite of manner two days after the Stock Exchange colonization is completed. The DVP System of settlement has considerable loopholes which creates opportuni ties for price manipulation. Further, the DV! P system is not effectively monitoring deviceed by both the DSE & CSE, as is reflected in the fact that, although there had been a number of defaults and failures in DVP deals, no punitive action was reported to have been taken by either the DSE or the CSE.. As, such, the DVP system of settlement should be streamlined. The following measures may be considered: * The DSE and CSE should have separate cells for constant monitor of the DVP...If you want to get a full essay, order it on our website: BestEssayCheap.com

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