Next day settlement

Next day settlement

Transaction in which the contract is settled the day after the trade is executed. See: Settlement date.

Next Day

Referring to a transaction on which the settlement date is the trading day immediately following the trade date. Some transactions are required to be next day; for example, options contracts are next day transactions.
References in periodicals archive ?
When you're trying to ensure next day settlement, you don't want to learn a week later that some of those transactions were returned.
Repos are a form of term secured funding that involves the sale of a security and the subsequent repurchase, typically starting on the same day with a next day settlement.
With the rollout of the new match engine, pricing structure and the innovative weekly futures with the next day settlement feature, October 2014 was a phenomenal month for OneChicago," noted David G.
NoDivRisk contracts and will be physically settled with next day settlement upon expiration as opposed to the T+3 settlement cycle.
Reams has taken the important step of establishing a STP environment, to support its growing business and meet the expected requirements of next day settlement," said Thomson Financial's Portfolio Solutions Group General Manager for The Americas, Michael Slemmer.
Weekly futures product with next day settlement for the stock delivery upon expiration.
This new product will allow funds to engage in short term equity financing transactions in a regulated and centrally cleared environment with the knowledge they can receive their original stock position back with five business days due to the next day settlement of stock," said David Downey, CEO of OneChicago.
This will help improve information flows for timely settlement and cash management, which reduces settlement risk, and facilitates straight-through processing and the move towards T+1, next day settlement.
Reuters Dealing 3000 Matching service now includes the Slovak Koruna Forwards and Turkish Lira Spot against the US Dollar and Euro for both immediate and next day settlement.
Securant Technologies, the access management company that secures e-business, today announced that its award-winning ClearTrust SecureControl product will support and secure XML-based transactions required for next day settlement of equity transactions known as Trade Date + 1, or t+1.
Additional offerings include: Dial Express, an outbound messaging service; Dealer Locator, which automatically directs a customer to the closest retail location or sales representative; Lead Capture; Credit Card Processing, credit card authorization and next day settlement processes; Transcription Service; Address Connect, which is identification of customer address with phone number; and Natural Language Voice Recognition.