early settlement

Early Settlement

The practice of settling a trade before the usual settlement date. This is fairly unusual; most contracts are settled between one and three days later. Generally speaking, early settlement is common in the last week of the calendar year when many trades must be settled sooner to guarantee tax advantages for one or both parties. Likewise, one may desire early settlement for other reasons, such as to receive a dividend on a certain date. See also: Cash contract.

early settlement

The transfer of a security or cash on a date prior to the usual settlement date. A buyer of stock may prefer an early settlement in order to be listed on a firm's books on the record date for a dividend. The buyer of a municipal bond may desire an early settlement in order to begin earning tax-free interest on an earlier date.
References in classic literature ?
There is an admirable foundation for a philosophic romance in the curious history of the early settlement of Mount Wollaston, or Merry Mount.
On the Early Settlement Date, the Bank accepted for purchase the following aggregate principal amount of Notes tendered prior to the Early Tender Date: (i) U.
All Notes that have been validly tendered at or prior to the Early Tender Date and are accepted in the Offers will be purchased, retired and cancelled by Citigroup on the early settlement date, which is expected to occur on December 10, 2015 (the Early Settlement Date).
7bn in November last year, but Barclays Plc rejected an early settlement and said it wanted to wait for a co-ordinated settlement with other regulators.
Rumen Gechev, MP from the Bulgarian Socialist Party (BSP), has vowed a fivefold reduction in the early settlement charge on mortgage loans.
Talking to Newsmen here Tuesday the minister said India should have to move for the early settlement of Kashmir problem in line with the aspirations of people of Jammu & Kashmir through composite dialogue with Pakistan.
Unless you have been declared redundant, most banks in Dubai usually impose early settlement charges if you terminate your loan.
It will be replaced by fairer early settlement terms that will allow consumers to get out of unfavourable credit deals without fear of incurring heavy penalties.
They have verified a link between substantial climate changes and early settlement patterns in South America," remarks archaeologist Betty J.
Wells justifies his case study on grounds of the city's early settlement (1661), demographic mix, and its geographic site (which created some interesting health problems).
It also claims that it would save the taxpayer pounds 4,000 per case under the Early Settlement Scheme.
In early settlement letters to Feldman, Stephen Onstot repeatedly pointed to damage to Feldman's practice from adverse publicity that a trial would generate.

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