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Next Day Settlement

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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.


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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.
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.
16, 2000 Securant Technologies Delivers Straight Through Processing for Authorizing Server to Server XML-Based Equity Transactions 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.
 
 
 
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