Trade date

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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.

Trade Date

The date on which a transaction occurs, especially the trade of a security or derivative. It is important to note that the trade date differs from the settlement date, which can range from one to five days following the trade date. On the trade date, ownership of the securities being traded transfers from the seller to the buyer, but the seller does not receive payment until the settlement date.

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.

Trade date.

The trade date is the day on which you buy or sell a security, option, or futures contract.

The settlement date, on which cash and securities are delivered, occurs one or more days after the trade date, depending on the type of security that you're trading.

Options and futures contracts settle on T+1, or one business day after the trade date, and stocks settle on T+3, or three business days after the trade.

Trade Date

With respect to traded securities, the date on which a security is actually bought or sold.
References in periodicals archive ?
The enhancements being introduced include: -- Future trade dates: A new indicator allows firms to submit a trade date for situations where the processing date of the firm differs from the trade date.
An Account Activity option reveals a transaction history for each fund account, with trade dates, type and amount of transaction, share price and number of shares traded.