Aged Fail
A fail that has occurred between two or more parties to a securities transactions and has lasted for over 30 days. Investopedia Says:
Aged fails generally occur between firms and clearing houses; they are rarely seen between individual investors. According to SEC Regulations, parties failing to deliver cash or securities in a timely fashion after a transaction has occurred are subject to specific charges when an aged fail occurs. Related Terms:
Clearing house
Fail
SEC
Settlement Date
Trade Date |