NSE Clearing to Launch Shorter 3-Day SLB Contracts from August 17
Listen to the story
NSE Clearing is a part of India's stock market. It helps people trade shares safely.
NSE Clearing will start a new kind of contract. This is called an SLB contract. SLB means Securities Lending and Borrowing. It lets people borrow or lend shares for a short time.
The new contracts will be shorter. They will last only three days. This is called a T+3 contract. T+3 means the deal finishes three days after it starts.
The new contracts will start on August 17. Many traders may use them. Shorter contracts can be easier and cheaper for some traders.
This news comes from a stock market column called 'Street signs.' The column talks about small but important market changes.
Vocabulary15 words
- NSE Clearing
- a company that helps make stock trades safe
- SLB contract
- a deal to borrow or lend shares
- T+3
- a deal that ends three days after it starts
- stock market
- a place where people buy and sell shares
- shares
- small parts of a company that people can buy
- trade
- to buy or sell something
- contract
- an official agreement between people
- column
- a regular piece of writing in a newspaper
- borrow
- to take something and give it back later
- lend
- to give something and get it back later
- launch
- to start something new
- settlement
- when a deal is finished and paid for
- trader
- a person who buys and sells things
- market
- a place where people buy and sell things
- India
- a large country in Asia
Quiz
Answer key
1. Securities Lending and Borrowing 2. Three days 3. August 17
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
NSE Clearing is a part of India's _____ market. It helps people trade shares safely.
NSE Clearing will start a new kind of _____. This is called an SLB contract. SLB means Securities Lending and _____.
The new contracts will be shorter. They will last only three _____. This is called a T+3 contract.
The new contracts will start on August _____. Many traders may use them.
This news comes from a stock market _____ called 'Street signs.'