Settlement Date
1. The date by which an executed security trade must be settled. That is, the date by which a buyer must pay for the securities delivered by the seller.
2. The payment date of benefits from a life insurance policy. Investopedia Says:
The settlement date for stocks and bonds is usually three business days after the trade was executed. For government securities and options, the settlement date is usually the next business day. Related Terms:
Allowances
Contract For Differences - CFD
Delivery Date
Failure To Deliver
International Securities Association For Institutional Trade Communication - ISITC
Overnight Delivery Risk
Rolling Settlement
Settlement Price
Tomorrow Next - Tom Next
Trade Date |