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 ?
Citigroup accepted an aggregate principal amount of approximately $666,966,000 of the Maximum Tender Notes on the Early Tender Date and purchased such Maximum Tender Notes on the Early Settlement Date.
in-kind settlement date for these Funds will be changed from three
The 1st rental coupon will be determined one-day prior to the settlement date.
The settlement date for both auctions has been announced as August 3, 2011.
Short interest in 496 securities on The NASDAQ Capital Market(SM)totaled 325,248,913 shares at the end of the settlement date of July 15, 2010 compared with 351,632,659 shares in 492 securities for the previous reporting period.
On Monday, the bank will auction CAD2bn in a 30-day term loan facility operation, with settlement date on Tuesday, and maturity date on May 7.
The Bridge Loan is expected to be drawn and funded on or prior to the settlement date for the tender offer and is subject to customary conditions precedent.
1259) of the pledged stock to the investment bank, because the taxpayer (1) retained the right to vote the stock and receive dividends and (2) had the right to reacquire the shares on the settlement date by delivering cash or other shares to settle the VPF.
Payments for Notes purchased will include accrued and unpaid interest from and including the last interest payment date applicable to the relevant series of Notes up to, but not including, the applicable settlement date for such Notes accepted for purchase.
Because the aggregate principal amount of the 2017 Notes accepted for purchase on the Early Settlement Date exceeded the applicable Maximum Series Tender Cap, Citigroup did not accept for purchase any additional 2017 Notes tendered after the Early Tender Date.
If the notice of exercise is not rescinded and settlement of the Call Options actually occurs on the Settlement Date, the Trust Agreement provides that all outstanding Units will be redeemed on the Settlement Date at par ($25.