Next day settlement

Transaction in which the contract is settled the day after the trade is executed. See: Settlement date.

Next Day

Referring to a transaction on which the settlement date is the trading day immediately following the trade date. Some transactions are required to be next day; for example, options contracts are next day transactions.

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References in periodicals archive ?

Earlier on Monday, the rupee depreciated against the greenback and closed at 149.65 and a further decline was expected after the rupee traded at 152 in Monday's next day settlement session.

Rupee continues to tumble, down 3.1 per cent

Citi has responded to these client needs by expanding WorldLink low value cross border offering to include India, Mexico and Poland and making available 13 additional funds transfer currencies for same day and / or next day settlement.