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 ?
The settlement date for the Tender Offer is set to 28 September 2017 (the Settlement Date).
The company will make the final settlement for such additional notes on 1 November 2016 (the final settlement date) and they will also receive accrued and unpaid interest on such additional notes from the last interest payment date to, but not including, the final settlement date.
The 1st rental coupon will be determined one-day prior to the settlement date.
The settlement date for both auctions has been announced as August 3, 2011.
Short interest in 496 securities on The NASDAQ Capital Market(SM)totaled 325,248,913 shares at the end of the settlement date of July 15, 2010 compared with 351,632,659 shares in 492 securities for the previous reporting period.
On Monday, the bank will auction CAD2bn in a 30-day term loan facility operation, with settlement date on Tuesday, and maturity date on May 7.
1259) of the pledged stock to the investment bank, because the taxpayer (1) retained the right to vote the stock and receive dividends and (2) had the right to reacquire the shares on the settlement date by delivering cash or other shares to settle the VPF.
0 billion cap on the aggregate principal amount of New Notes Verizon issues in exchange for Old Notes validly tendered under the Exchange Offers (the New Notes Cap) and (iv) with respect to the Cash Offers, the Financing Condition, pursuant to which Verizon must have priced at or prior to the applicable Early Participation Date (or if Verizon elects not to have an Early Settlement Date (as defined below), the applicable Expiration Date), on terms satisfactory to Verizon in its reasonable judgment, in one or more capital markets financing transactions, debt securities expected to provide gross proceeds of at least $3.
M2 EQUITYBITES-7 June 2010-Titan declares early settlement date for its 8% senior notes tender offer(C)2010 M2 COMMUNICATIONS http://www.
Appos the stock option withholding issue, on March 14, the IRS issued a field directive stating that agents should not impose penalties if the deposit is made the day following the settlement date, so long as the settlement date is within three days of the trade date.
Schwab appealed to the Ninth Circuit, claiming that it was not entitled to receive the commission for effecting a purchase or sale until the settlement date.
At the end of the settlement date of May 31, 2017, short interest in 2,330 Nasdaq Global MarketSM securities totaled 7,552,184,024 shares compared with 7,420,291,077 shares in 2,326 Global Market issues reported for the prior settlement date of May 15, 2017.