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Good delivery and settlement procedures |
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Good delivery and settlement proceduresRefers to PSA Uniform Practices such as cutoff times on delivery of securities and notification, allocation, and proper endorsement.Good delivery and settlement procedures Similar MatchesReal 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. Settlement dateSettlement dateThe date on which payment is made to settle a trade. For stocks traded on US exchanges, settlement is currently three business days after the trade. For mutual funds, settlement usually occurs in the US the day following the trade. In some regional markets, foreign shares may require months to settle. Exchange Delivery Settlement PriceExchange Delivery Settlement PriceThe price which determines the price for physical delivery of the underlying instrument or the price at which contracts are cash settled. Regular settlementRegular settlementTransaction in which a stock contract is settled and delivered on the fifth full business day following the date of the transaction (trade date). In Japan, regular settlement occurs three business days following the trade date; in London, two weeks following the trade date (at times, three weeks); in France, once per month. Short settlementShort settlementTrade settlement made prior to the standard five-day period due to customer request. Further SuggestionsCash sale or settlementsettlement day settlement Same Day Funds Settlement (SDFS) settlement options Settlement risk Bank for International Settlements Dispute settlement Insurance settlement Exercise settlement amount Cash Settlement Bank for International Settlements (BIS) Cash settlement contracts Continuous net settlement (CNS) rolling settlement Settlement Dispute Settlement Body Skip day settlement Settlement options Uniform Settlement Statement Immediate settlement cash settlement Structured settlement Settlement rate Dispute settlement mechanism |
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