trade-for-trade settlement

Trade-for-Trade Settlement

A securities transaction that the buyer and seller settle directly, without recourse to a clearing house.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

trade-for-trade settlement

A securities transaction that is directly settled by the buying and selling firms.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
(4) Their concerns included the risks associated with the failure of a major firm, the inefficiencies of manual paper processing of trade confirmations, and bilateral trade-for-trade settlement.
(43) The GCF Repo service enabled GSCC's non-interdealer-broker netting members (dealers, for the purposes of this discussion) to trade general collateral repos--based on rate, term, and underlying product--throughout the day without requiring intraday, trade-for-trade settlement on a delivery-versus-payment (DVP) basis.