Settlement process

The settlement process is the final step in a financial transaction where the buyer pays for an asset, such as stocks or real estate, and the seller transfers ownership. This typically involves several steps: verifying the details of the transaction, preparing necessary documents, and conducting the actual exchange. In real estate, for example, it includes signing the deed and transferring funds through an escrow account. Once both parties fulfill their obligations, ownership is officially transferred, and the transaction is complete. This process ensures that all parties meet legal and financial requirements, providing security and clarity to the transaction.