Good delivery and settlement procedures

Good delivery and settlement procedures

Refers to PSA Uniform Practices such as cutoff times on delivery of securities and notification, allocation, and proper endorsement.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Good Delivery and Settlement Procedures

Standardized practices for how and when trades are settled and underlying goods delivered. Among other things, good delivery and settlement practices indicate when a seller may notify a buyer of intent to deliver and at what point payment must be made. The PSA Uniform Practices set out good delivery and settlement procedures.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved