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Aged Fail |
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Aged fail An account between two broker/dealers that remains intact 30 days after the settlement date. The receiving firm must adjust its capital as it can no longer treat this account as an asset.
Aged Fail A transaction that has not been settled more than 30 days after the trade date. An aged fail is subject to specific fines and other charges from the SEC. Aged fails occur most often between clearing houses and institutions; individual investors rarely commit an aged fail. See also: Fail, Settlement. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The DTCC Web site has also made clear that the figure is
not a daily amount of fails, but a combined figure that includes both
new fails on the reporting day as well as aged fails. |
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