delayed settlement

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Delayed Settlement

A situation in which a buyer or, more commonly, his/her broker, does not receive delivery of the securities he/she bought by the settlement date. A delayed settlement may or may not be by mutual consent of the counterparties to the transaction. A seller may deliberately arrange a delayed settlement so the securities remain on his/her records until a certain event, such as the ex-dividend date, has passed. See also Fail to deliver, Aged fail.

delayed settlement

The transfer of a security or cash at a date beyond the usual settlement date. A seller may prefer delayed settlement in order to be listed on a firm's books on the record date for a dividend.
References in periodicals archive ?
To the extent the Fund invests in depositary receipts, such investments are subject to additional risks including political and economic risks, greater volatility, currency fluctuations, higher transactions costs, delayed settlements, possible foreign controls on investment, and less stringent investor protection and disclosure standards of foreign markets.
The problem of delayed settlements remains for many firms five months on from the introduction of the EU's Late Payment Directive, according to Bibby Financial Services.
Policyholders also allege partial inspections, the denial of wind-damage claims, as well as disputed and/or delayed settlements
The division is integrating newly acquired Vision Securities (ranked number two in Oman as of September 2008) and Gulf Brokerage House (renamed EFG-Hermes IFA, number two in Kuwait as of September 2008) into the platform, imposing the same strict internal policies, procedures and compliance measures that have minimised losses due to client bankruptcies and delayed settlements across the group's footprint.
Major drivers for the drawdowns include greater than budgeted public safety overtime, an ongoing pressure, and an increased number of property tax appeals and delayed settlements under the new state law leading to lower than budgeted ad valorem revenues.