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Overnight trade |
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Overnight tradeA term used by the London Stock Exchange to denote that a transaction was reported after 17:15 on one day and before 7:15 on the following day.Similar MatchesOvernight repoOvernight repoA repurchase agreement with a term of one day. Overnight delivery riskOvernight delivery riskA risk brought about because differences in time zones between settlement centers require that payment or delivery on one side of a transaction be made without knowing until the next day whether the funds have been received in an account on the other side. Particularly apparent when delivery takes place in Europe for payment in dollars in New York. |
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