account period

account period

a designated trading period for the buying and selling of FINANCIAL SECURITIES on the STOCK MARKET. Until 1994 trading on the UK Stock Market took place within a series of end-on fortnightly account periods with all purchases and sales struck during a particular account period being paid for or settled six working days after the end of the account period – the ‘settlement’ day or ‘account’ day.

In 1994 this system was replaced by a ‘rolling settlement’ system in which settlement takes place ten working days after a deal has been struck. Thus, every working day is a settlement day.

Settlement was cut to five days in 1995. See TALISMAN, CREST.

account period

a designated trading period for the buying and selling of FINANCIAL SECURITIES on the STOCK EXCHANGE. On the UK stock market all trading takes place within a series of end-on fortnightly account periods. All purchases and sales agreed during a particular account period must be paid for or settled shortly after the end of the account period.
References in periodicals archive ?
The one MT cumulative emissions reduction goal is the first step to reduce carbon over the first five-year carbon savings account period. The Government of Manitoba will track and publically report on progress to the target.
PHONE/WEBSITE RATE ACCOUNT PERIOD DEPOSIT INTEREST PAID Secure Trust Bank securetrustbank.com 3.52%(F) Fixed rate 31.08.21 (B) PS1,000 Yly Vanquis Bank highyieldaccount.
Like many others I suppose, I am dreading yet another fairly hefty (12 per cent for this area) increase in our water bills during the forthcoming account period.
Phone/Website Rate Account Period Deposit Interest Paid Secure Trust Bank securetrustbank.com 3.52%(F) FixedRate 31.08.21(B) PS1,000 Yly United Bank UK 0800 218 2266 3.
The bank will deposit interest into customers accounts at the end of the account period. The special offer is available until August 27, 2012.
A ROW emerged this week over hospitals apparently attempting to improve waiting lists by taking into account periods when patients are on holiday.