Business Introduction
Overview
The clearing system manages the overall clearing process through end-of-day tasks, linking functional modules.
The primary responsibilities of the clearing system are as follows:
Trade Clearing After the trading day ends, perform trade reconciliation, calculate related fees, and confirm the amounts of funds and securities receivable and payable for clients.
Trade Settlement On settlement day, arrange the delivery of funds and securities to ensure the successful completion of settlements.
Interest Settlement Calculate financing interest and deposit interest daily based on clients' cash balances and settle them.
Statement Generation Generate statements daily based on system transaction data and other data, and send them to clients.
Compliance and Other Report Generation Generate reports daily based on system data for use by settlement personnel.
Other Functional Support Support other operational functions such as broker commission distribution and vouchers.