settlement date

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Settlement date

The date on which payment is made to settle a trade. For stocks traded on US exchanges, settlement is currently three business days after the trade. For mutual funds, settlement usually occurs in the US the day following the trade. In some regional markets, foreign shares may require months to settle.

Settlement Date

1. The date upon which the buyer of a security must pay the seller. The settlement date depends upon the type of security traded; for example, stocks usually have a settlement date three days after the trade date. On the other hand, government bonds must be settled on the next trading day. It is important to note that when calculating the capital gains or losses, one uses the trade date and not the settlement date.

2. In life insurance, the day the benefit is paid. This usually follows the death of the beneficiary, unless he/she cashes in the policy.

settlement date

The date on which either cash (for a buyer) or a security (for a seller) must be in the hands of the broker in order to satisfy the conditions of a security transaction. Compare trade date. See also delayed settlement.

Settlement date.

The settlement date is the date by which a securities transaction must be finalized.

By that date, the buyer must pay for the securities purchased in the transaction, and the seller must deliver those securities.

For stocks, the settlement date is three business days after the trade date, or what's referred to as T+3. For options and government securities, the settlement date is one day, or T+1, after the trade date.

In figuring long- and short-term capital gains on your tax return, you use the trade date -- the date you buy or sell a security -- rather than the settlement date as the date of record.

settlement date

Closing date.

References in periodicals archive ?
Nolan, who had one year left on a five-year, PS50,000-a-week deal, negotiated the settlement days after being substituted at half-time in the 4-3 defeat to Bournemouth last weekend.
On, back in time, to Colonial Williamsburg and Historic Jamestown, which deals with the birth of the USA from its early settlement days.
Rate in respect of each part from the delay against the total net value of a defect arising from the defective product concerned settlement days of daily 1%, capped at 10 days due to defective penalty penalty rate.
We have extracted a record of all transactions settled in Norges Bank's RTGS system between 4 January 2010 and 31 December 2010, 252 settlement days and 289 999 transactions in total.
Also, according to publicly available market data, DEER's common stock has been on the list of Nasdaq's "Threshold" securities under the SEC REG SHO rules, for at least 30 consecutive settlement days, indicating failure to settle trades among securities clearing firms for more than 30 consecutive settlement days.
A second difficulty is that the flat portion of the demand curve disappears on the settlement day and the curve reverts to that in Figure 1 (14) This feature of the model indicates why market interest rates are likely to be more volatile on settlement days.
Paul, Minnesota has so many fine specimens of architecture, ranging from the utilitarian frame structures of the settlement days of the 1840s to the reproductions of a wide range of architectural periods in the 1920s and 1930s to moderne and the marriage of style and city through the 1980s.
said money transfers at its group's banks were proceeding smoothly Thursday, a payday at many companies and one of the busiest settlement days for utility fees.
The family, from Barnsley, South Yorks, accepted the settlement days before a county court hearing.
In December, the parties reached a settlement days before the hearing that could've stripped Capitol Development of much of its assets.
In a femme fatale twist on Dirty Rotten Scoundrels, Max Connors leads rich suckers up the aisle, then tricks them into divorce and a fat settlement days later.
Fraser refused to comment last night on our story that Arlene had demanded a pounds 250,000 divorce settlement days before she went missing.