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Dispute settlement |
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Dispute settlementIn the GATT, the adjudication of disputes among parties. In the WTO this is done by the dispute settlement mechanism.Similar MatchesRolling settlementRolling settlementSettlement is the process by which investors pay for shares they have bought and receive payment for shares they have sold. Before July 1994, this process was done by means of an 'account period', normally ten working days. All the transactions during that period were balanced against each other to produce a single figure, which was either paid to the investor or due from him, depending on whether the value of his purchases was higher or lower than the value of his sales in the period. One of the features of the account period was that transactions taking place at the beginning of it (say, Day 1) didn't have to be settled until about 14 days later, whereas transactions at the end (say Day 10) had to be settled within 4 days.In July 1994, the account period system was replaced by ten day (T+10) rolling settlement, which means that each transaction has to be settled ten days after the transaction date. This was subsequently reduced to five days (T+5) and in February 2001 was reduced to three days (T+3).These significance of rolling settlement and of shortened settlement times is that when investors sell shares, the proceeds get paid into their account quicker, and when they buy shares they have to pay for them quicker. It requires careful money management on the part of the investor. Settlement optionsSettlement optionsThe various possibilities open to a beneficiary under a life insurance policy as to how the benefit will be paid out. Settlement riskSettlement riskThe risk that one party will deliver and the counterparty will not be able to pay and vice versa. Real Estate Settlement Procedures Act (RESPA)Real Estate Settlement Procedures Act (RESPA)A federal statute requiring disclosure of certain costs in the sale of residential, improved property which is to be financed by a federally insured lender. Bank for International SettlementsBank for International SettlementsThe central bankers' bank, based in Basle, Switzerland. Further SuggestionsUniform Settlement Statementsettlement Settlement rate Regular settlement Regular way settlement Insurance settlement Structured settlement Skip day settlement Settlement price Cash settlement contracts Exercise settlement amount Settlement Same Day Funds Settlement (SDFS) Dispute Settlement Body Dispute settlement mechanism Next day settlement Good delivery and settlement procedures Settlement date Short settlement Bank for International Settlements (BIS) Exchange Delivery Settlement Price Immediate settlement settlement day Cash Settlement cash settlement |
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