Immediate settlement

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Immediate settlement

Delivery and settlement of securities immediately upon execution of the trade.

Immediate Settlement

A situation in which the settlement of a trade occurs in the shortest possible amount of time. Immediate settlement usually describes a settlement date of five days following the trade date, but it may occur sooner. See also: Next day, Regular-Way trade.
References in classic literature ?
Therefore she begged to be excused from any further attendance on the top set, until things were as they formerly was, and as they could be wished to be; and further mentioned that her little book would be found upon the breakfast-table every Saturday morning, when she requested an immediate settlement of the same, with the benevolent view of saving trouble 'and an ill-conwenience' to all parties.
His friend replied with some unwillingness, and after much ineffectual entreaty having for its object the immediate settlement of the business, that his quarters would be at the Crooked Billet in Tower Street; where he would be found waking until midnight, and sleeping until breakfast time to-morrow.
Immediate settlements are considered to help reduce the impact of an institution going insolvent on the entire banking system by preventing a chain reaction of insolvency that could happen under the current system because of time lags.
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