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Settlement day |
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Settlement dayThe day on which purchased securities are due for delivery to the buyer and payment is due to be made to the seller. For nominee accounts, the standard settlement day is three days after the dealing day - known as T+3. For certificated accounts (where shareholders hold share certificates) settlement times are longer.Similar MatchesSettlement rateSettlement rateThe rate suggested in Financial Accounting Standards Board (FASB) 87 for discounting the obligations of a pension plan. The rate at which the pension benefits could be effectively settled if the company sponsoring the pension plan wishes to terminate its pension obligation. Cash settlementCash settlementDeals on an exchange where investors are obliged to settle immediately rather than on account.An expression used in futures and options trading which applies when physical delivery is impractical and contracts are settled by attaching a monetary value. Settlement priceSettlement priceA figure determined by the closing range that is used to calculate gains and losses in futures market accounts. Settlement prices are used to determine gains, losses, margin calls, and invoice prices for deliveries. Related: Closing range. Structured settlementStructured settlementAn agreement in settlement of a lawsuit involving specific payments made over a period of time. Property and casualty insurance companies often buy life insurance products to pay the costs of such settlements. Settlement optionsSettlement optionsThe various options available to the beneficiaries of a life insurance policy in the event of the death of the insured. For example a lump sum or an income. Further SuggestionsUniform Settlement StatementNext day settlement Good delivery and settlement procedures Cash Settlement Settlement Exercise settlement amount Same Day Funds Settlement (SDFS) Bank for International Settlements (BIS) Settlement date Cash settlement contracts Regular settlement Bank for International Settlements Settlement options rolling settlement Cash sale or settlement settlement Dispute settlement mechanism Continuous net settlement (CNS) Dispute settlement Skip day settlement Immediate settlement Real Estate Settlement Procedures Act (RESPA) Regular way settlement Settlement risk Short settlement |
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