Back in my college days, a trade settled in T+2, and I once lost money when the buyer vanished; the broker just shrugged. Now it's T+1, and the clearing corporation guarantee means the trade is settled even if the other side defaults, which is a huge relief. That old scare is why Achan insisted I only use a major broker now—the peace of mind is worth the slightly higher fees, like the *sugam* of amma's evening chai after a long study day.
#money#career
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