At the end of the settlement day
for the transaction, the former owner has cash and the buyer has a security entitlement reflecting "ownership" in the security.
Final settlement day
is the third Wednesday of the contract month, which is March, June, September, or December.
This interferes with the timely updating of customer accounts by participants and extends the window of risk associated with processed transactions until very late in the settlement day
when there is generally little opportunity to react.
General Motors sends ACH formatted payment instructions, with information identifying the vehicles for which payment is being requested, to one of its banks(5) The ACH debit transfers are processed in the same way that ACH credit transfers are, except that, on the settlement day
General Motors's banks credit General Motors's accounts and the dealers' banks debit the dealers' accounts.
The ECB announced on 8 December 2011 that counterparties participating in the three-year LTROs have an option to repay any part of the amounts allotted to them in these operations on any day that coincides with the settlement day
of a main refinancing operation, unless otherwise decided by the Governing Council.
These bullet swaps will be European-style and will settle to the corresponding futures settlement price on theswap's final settlement day
8m ROLLING SETTLEMENT DATES Purchase Day Dec 21 Dec 22 Dec 23 Settlement Day
Dec 24 Dec 29 Dec 30 FTSE 100 SHARE INDEX WORLD SHARE SPOTLIGHT 5930 1800 4700 Friday''s close: 5871.
With trading volume very thin because of foreign investors' absence, it is hard for players to buy shares, while selling is slightly increasing on the last settlement day
of this year, brokers said.
For recurring payments such as social security benefits and salaries, the government uses the Federal Reserve's automated clearinghouse (ACH), an electronic network that allows the reserve account of a depository institution to be credited for payments from Treasury's checking account on a specified settlement day
Acceptance period and settlement day
The acceptance period of the Offer is scheduled to run from 13 May 2011 to 7 June 2011.
currency rose slightly as Japanese importers bought it on the regular settlement day
, dealers said.
Adjustment plus seasonal borrowing averaged a little above expected levels over most of the intermeeting interval, although very large adjustment borrowing occurred on the settlement day
of one reserve maintenance period as a result of a reserve shortfall.