تسوية المراكز القانونية‎ ‎‏ للمتعاملين في ‏سوق الأوراق المالية ( دراسة مقارنة )

Settlement of the legal positions of ‎the dealers in the stock market ‎‎((A comparison Study))‎

  The trading in the stock market is developing rapidly due to the openness of Iraq to the global markets and attracting foreign investments. These operations have positive returns reflected on the economy of the country as a whole and help its recovery and encourages savers to invest their money for the benefit and material return and these transactions for trading securities In the stock market linked success and achievement of these results on the success of the settlement process where through this process is the liquidation of the legal relationship between the seller broker and the buyer mediator and through the process of the transfer is transferred King It should be mentioned that the trading operations in the stock market are not directly between the seller and the buyer, but between licensed brokers working within the stock market and that there is a specialized entity to work the settlement is the central depository, represented by the depository in Iraq, These specialized entities have a set of interrelated commitments so that they can carry out their duties in the settlement process of the legal centers in the stock market.

        These obligations have been diversified into prior commitments to the settlement process. These are the receipt and review of securities If the depositary has done so, and has complied with the obligations imposed on it by the settlement process, it shall have the intended effect of transferring the ownership of the transfer of ownership of the securities From the seller’s broker’s balance to the buyer’s broker’s balance and transfer the corresponding price from the buyer’s broker’s balance to the seller’s broker’s balance. This process is free of the associated risks, which vary from credit risk to operational risk and to each type of mucus Solutions to address them and prevent their impact.