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Therefore, Clause 5 was intended not necessarily to create a federal monopoly in the issuance of money, but rather to ensure open interstate and international commerce. 16. Financial Services Industry Applauds SEC Action To Facilitate A Shorter Settlement Cycle - A Two-Day Settlement Cycle Will Yield Numerous Benefits For Investors, Industry, Regulators And All Market Participants The T+2 Industry Steering Committee (T+2 ISC) applauds recent action by the Securities and Exchange Commission (SEC) to propose a rule change that will facilitate the move to a two-day settlement cycle.

Pages: 0

Publisher: BPP Publishing Ltd (July 31, 2001)

ISBN: 0751799114

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