trade date

Trade Date

The date on which a security trade occurs.

Notes:

This differs from the settlement date, which is usually 1-5 days after the trade date depending on the transaction type.

See also: Contract for Differences, Settlement Date, Trade

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Trade date

The date that the counterparties in an interest rate swap commit to the swap. Also, the day on which a security or a commodity future trade actually takes place. Trades generally settle (are paid for) 1-5 business days after a trade date. With stocks, settlement is generally 3 business days after the trade. The settlement date usually follows the trade date by five business days, but varies depending on the transaction and method of delivery used.

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trade date

The date on which an order is executed. Payment or delivery must be made within five business days of the trade date. Also called transaction date. Compare settlement date.