settlement date


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Settlement date

The date on which payment is made to settle a trade. For stocks traded on US exchanges, settlement is currently three business days after the trade. For mutual funds, settlement usually occurs in the US the day following the trade. In some regional markets, foreign shares may require months to settle.

Settlement Date

1. The date upon which the buyer of a security must pay the seller. The settlement date depends upon the type of security traded; for example, stocks usually have a settlement date three days after the trade date. On the other hand, government bonds must be settled on the next trading day. It is important to note that when calculating the capital gains or losses, one uses the trade date and not the settlement date.

2. In life insurance, the day the benefit is paid. This usually follows the death of the beneficiary, unless he/she cashes in the policy.

settlement date

The date on which either cash (for a buyer) or a security (for a seller) must be in the hands of the broker in order to satisfy the conditions of a security transaction. Compare trade date. See also delayed settlement.

Settlement date.

The settlement date is the date by which a securities transaction must be finalized.

By that date, the buyer must pay for the securities purchased in the transaction, and the seller must deliver those securities.

For stocks, the settlement date is three business days after the trade date, or what's referred to as T+3. For options and government securities, the settlement date is one day, or T+1, after the trade date.

In figuring long- and short-term capital gains on your tax return, you use the trade date -- the date you buy or sell a security -- rather than the settlement date as the date of record.

settlement date

Closing date.

References in periodicals archive ?
If purchasing all of the validly tendered and not validly withdrawn Notes of a given acceptance priority level on the applicable Settlement Date would cause the Aggregate Maximum Tender Cap to be exceeded on such Settlement Date, FCX will accept for purchase such Notes on a pro rata basis, so as to not exceed the Aggregate Maximum Tender Cap (with adjustments to avoid the purchase of Notes in a principal amount other than in integral multiples of $1,000).
Concurrent with the early settlement date, it is also completing the repurchase at par of about USD29.7m total of notes from certain lenders, under the new credit facilities.
To pay for the committed assets at settlement date, managers may either rely on announced future repayments that may be due to a sale of a borrower or the occurrence of an IPO, or sell other assets in the portfolio.
On October 25, 2018, the Bank announced that it had decided to postpone the settlement of Early Accepted Notes until the Final Settlement Date.
If the price of Monster stock closed higher than the cap, a number of shares equal to the product of (a) 176,519 (or 176,518) and (b) a fraction with a numerator of the floor price plus the closing price on the settlement date, minus the cap price, and a denominator of the closing price.
The Waterfall Final Settlement Date is expected to occur promptly following the Waterfall Expiration Date and is expected to be on August 21, 2017 (the "Waterfall Final Settlement Date"), unless extended by Cox.
If you hold Old Notes through DTC, they must be delivered for settlement no later than 3:00 p.m., New York time, on the Tender Offer Settlement Date. If you hold Old Notes through Euroclear or Clearstream, the latest process you can use to deliver your Old Notes is the overnight process, one day prior to the Tender Offer Settlement Date; you may not use the optional daylight process.
Bonds mature in more than ten years from their issue date.) Similar YTM and amortization concepts apply to corporate bonds, though the settlement date is generally three days after the transaction date.
VLLI will issue the additional notes on or around September 11, 2014 (the settlement date) at an issue price of 102.0 percent of their principal amount plus accrued interest from April 29, 2014, the issue date of the original notes, to the Settlement Date, representing a yield to maturity of 6.935 percent.
The signing of subscription undertaking will be June 23 and the settlement date will be June 25.
The issue settlement date will be on September 5th, 2013.
The settlement date is August 3, 2011 and the maturity date is June 4, 2014.

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