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aged fail

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Aged Fail
A fail that has occurred between two or more parties to a securities transactions and has lasted for over 30 days.

Notes:
Aged fails generally occur between firms and clearing houses they are rarely seen between individual investors. According to SEC Regulations, parties failing to deliver cash or securities in a timely fashion after a transaction has occurred are subject to specific charges when an aged fail occurs.

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 contract between broker-dealers that remains unsettled 30 days after the settlement date. A security that is subject to an aged fail may no longer be counted as an asset by the receiving firm.
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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.
DTCC Clarification on Fails to Deliver by Business Wire
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