settlement date что это

settlement date

Смотреть что такое «settlement date» в других словарях:

Settlement date — is a securities industry term describing the date on which a trade (bonds, equities, foreign exchange, commodities etc) s. That is, the actual day on which transfer of cash or assets is completed.It is not necessarily the same as value date (when … Wikipedia

settlement date — The agreed upon date for transferring funds to complete a transaction. For example, the date of both the delivery of and the payment for a security. American Banker Glossary The date on which payment is made to settle a trade. For stocks traded… … Financial and business terms

Settlement date — The date on which payment is made to settle a trade. For stocks traded on US exchanges, settlement is currently 3 business days after the trade. For mutual funds, settlement usually occurs in the U.S.the day following the trade. In some regional… … Financial and business terms

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. The settlement date for stocks… … Investment dictionary

settlement date — Date at which the financial instruments are to be delivered or received … Euroclear glossary

Settlement date — The date on which a contract or transfer is paid to the beneficiary party. An ISO term. ISO Securities Message Types term. The date on which securities or funds are to be/have been exchanged. 6n. ISO Bank Card Originated Messages term.… … International financial encyclopaedia

settlement date — / set(ə)lmənt deɪt/ noun a date when a payment has to be made … Dictionary of banking and finance

Settlement Date Accounting — An accounting method that accountants and bookkeepers use to record transactions in the company s general ledger when a given transaction has been fulfilled, which is when performance by both parties has been satisfied. Under settlement date… … Investment dictionary

Settlement date OTD — Transaction type 218 … International financial encyclopaedia

Interest settlement date — Date on which as per the terms of the contract interest has to be settled … International financial encyclopaedia

intended settlement date — This is the date on which a trade will settle if the stock and the cash are available. Dresdner Kleinwort Wasserstein financial glossary This is the date defined by the client on which the transaction is due to settle. Euroclear Clearing and… … Financial and business terms

Источник

settlement date

Смотреть что такое «settlement date» в других словарях:

Settlement date — is a securities industry term describing the date on which a trade (bonds, equities, foreign exchange, commodities etc) s. That is, the actual day on which transfer of cash or assets is completed.It is not necessarily the same as value date (when … Wikipedia

settlement date — The agreed upon date for transferring funds to complete a transaction. For example, the date of both the delivery of and the payment for a security. American Banker Glossary The date on which payment is made to settle a trade. For stocks traded… … Financial and business terms

Settlement date — The date on which payment is made to settle a trade. For stocks traded on US exchanges, settlement is currently 3 business days after the trade. For mutual funds, settlement usually occurs in the U.S.the day following the trade. In some regional… … Financial and business terms

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. The settlement date for stocks… … Investment dictionary

settlement date — Date at which the financial instruments are to be delivered or received … Euroclear glossary

Settlement date — The date on which a contract or transfer is paid to the beneficiary party. An ISO term. ISO Securities Message Types term. The date on which securities or funds are to be/have been exchanged. 6n. ISO Bank Card Originated Messages term.… … International financial encyclopaedia

settlement date — / set(ə)lmənt deɪt/ noun a date when a payment has to be made … Dictionary of banking and finance

Settlement Date Accounting — An accounting method that accountants and bookkeepers use to record transactions in the company s general ledger when a given transaction has been fulfilled, which is when performance by both parties has been satisfied. Under settlement date… … Investment dictionary

Settlement date OTD — Transaction type 218 … International financial encyclopaedia

Interest settlement date — Date on which as per the terms of the contract interest has to be settled … International financial encyclopaedia

intended settlement date — This is the date on which a trade will settle if the stock and the cash are available. Dresdner Kleinwort Wasserstein financial glossary This is the date defined by the client on which the transaction is due to settle. Euroclear Clearing and… … Financial and business terms

Источник

settlement date

1 дата расчета

2 ликвидационный период

3 дата расчета (по сделкам с акциями и облигациями)

4 расчетная дата

расчетная дата
Дата, в которую стороны по сделке с ценными бумагами договариваются осуществить расчет. Эту намеченную дату иногда называют расчетной датой по договору.
[Глоссарий терминов, используемых в платежных и расчетных системах. Комитет по платежным и расчетным системам Банка международных расчетов. Базель, Швейцария, март 2003 г.]

Тематики

5 дата расчетов

См. также в других словарях:

Settlement date — is a securities industry term describing the date on which a trade (bonds, equities, foreign exchange, commodities etc) s. That is, the actual day on which transfer of cash or assets is completed.It is not necessarily the same as value date (when … Wikipedia

settlement date — The agreed upon date for transferring funds to complete a transaction. For example, the date of both the delivery of and the payment for a security. American Banker Glossary The date on which payment is made to settle a trade. For stocks traded… … Financial and business terms

Settlement date — The date on which payment is made to settle a trade. For stocks traded on US exchanges, settlement is currently 3 business days after the trade. For mutual funds, settlement usually occurs in the U.S.the day following the trade. In some regional… … Financial and business terms

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. The settlement date for stocks… … Investment dictionary

settlement date — Date at which the financial instruments are to be delivered or received … Euroclear glossary

Settlement date — The date on which a contract or transfer is paid to the beneficiary party. An ISO term. ISO Securities Message Types term. The date on which securities or funds are to be/have been exchanged. 6n. ISO Bank Card Originated Messages term.… … International financial encyclopaedia

settlement date — / set(ə)lmənt deɪt/ noun a date when a payment has to be made … Dictionary of banking and finance

Settlement Date Accounting — An accounting method that accountants and bookkeepers use to record transactions in the company s general ledger when a given transaction has been fulfilled, which is when performance by both parties has been satisfied. Under settlement date… … Investment dictionary

Settlement date OTD — Transaction type 218 … International financial encyclopaedia

Interest settlement date — Date on which as per the terms of the contract interest has to be settled … International financial encyclopaedia

intended settlement date — This is the date on which a trade will settle if the stock and the cash are available. Dresdner Kleinwort Wasserstein financial glossary This is the date defined by the client on which the transaction is due to settle. Euroclear Clearing and… … Financial and business terms

Источник

Settlement Date

What Is a Settlement Date?

The settlement date is the date when a trade is final, and the buyer must make payment to the seller while the seller delivers the assets to the buyer. The settlement date for stocks and bonds is usually two business days after the execution date (T+2). For government securities and options, it’s the next business day (T+1). In spot foreign exchange (FX), the date is two business days after the transaction date. Options contracts and other derivatives also have settlement dates for trades in addition to a contract’s expiration dates.

Settlement date may also refer to the payment date of benefits from a life insurance policy.

The settlement date, not the trade date, establishes a legal transfer of ownership from the seller to the buyer.

Settlement Date

Understanding Settlement Dates

The financial market specifies the number of business days after a transaction that a security or financial instrument must be paid and delivered. This lag between transaction and settlement dates follows how settlements were previously confirmed, by physical delivery. In the past, security transactions were done manually rather than electronically. Investors would have to wait for the delivery of a particular security, which was in actual certificate form and would not pay until reception. Since delivery times could vary and prices could fluctuate, market regulators set a period of time in which securities and cash must be delivered.

Today, using modern technology, a transaction is electronically processed in less time.

Most stocks and bonds settle within two business days after the transaction date. This two-day window is called the T+2. Government bills, bonds, and options settle the next business day. Spot foreign exchange transactions usually settle two business days after the execution date. A primary exception is the U.S. dollar vs. the Canadian dollar, which settles the next business day.

Historically, a stock trade could take as many as five business days (T+5) to settle a trade. With the advent of technology, this has been reduced first to T=3 and now to just T+2.

Weekends and holidays can cause the time between transaction and settlement dates to increase substantially, especially during holiday seasons (e.g., Christmas, Easter, etc.). Foreign exchange market practice requires that the settlement date be a valid business day in both countries.

Forward foreign exchange transactions settle on any business day that is beyond the spot value date. There is no absolute limit in the market to restrict how far in the future a forward exchange transaction can settle, but credit lines are often limited to one year.

Key Takeaways

Settlement Date Risks

The elapsed time between the transaction and settlement dates exposes transacting parties to credit risk. Credit risk is especially significant in forward foreign exchange transactions, due to the length of time that can pass and the volatility in the market. There is also settlement risk because the currencies are not paid and received simultaneously. Furthermore, time zone differences increase that risk.

Life Insurance Settlement Date

Life insurance is paid following the death of the insured unless the policy has already been surrendered or cashed out. If there is a single beneficiary, payment is usually within two weeks from the date the insurer receives a death certificate. Payment to multiple beneficiaries can take longer due to delays in contact and general processing. Most states require the insurer pay interest if there is a significant delay in settling the policy.

Источник

settlement date

Полезное

Смотреть что такое «settlement date» в других словарях:

Settlement date — is a securities industry term describing the date on which a trade (bonds, equities, foreign exchange, commodities etc) s. That is, the actual day on which transfer of cash or assets is completed.It is not necessarily the same as value date (when … Wikipedia

settlement date — The agreed upon date for transferring funds to complete a transaction. For example, the date of both the delivery of and the payment for a security. American Banker Glossary The date on which payment is made to settle a trade. For stocks traded… … Financial and business terms

Settlement date — The date on which payment is made to settle a trade. For stocks traded on US exchanges, settlement is currently 3 business days after the trade. For mutual funds, settlement usually occurs in the U.S.the day following the trade. In some regional… … Financial and business terms

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. The settlement date for stocks… … Investment dictionary

settlement date — Date at which the financial instruments are to be delivered or received … Euroclear glossary

Settlement date — The date on which a contract or transfer is paid to the beneficiary party. An ISO term. ISO Securities Message Types term. The date on which securities or funds are to be/have been exchanged. 6n. ISO Bank Card Originated Messages term.… … International financial encyclopaedia

settlement date — / set(ə)lmənt deɪt/ noun a date when a payment has to be made … Dictionary of banking and finance

Settlement Date Accounting — An accounting method that accountants and bookkeepers use to record transactions in the company s general ledger when a given transaction has been fulfilled, which is when performance by both parties has been satisfied. Under settlement date… … Investment dictionary

Settlement date OTD — Transaction type 218 … International financial encyclopaedia

Interest settlement date — Date on which as per the terms of the contract interest has to be settled … International financial encyclopaedia

intended settlement date — This is the date on which a trade will settle if the stock and the cash are available. Dresdner Kleinwort Wasserstein financial glossary This is the date defined by the client on which the transaction is due to settle. Euroclear Clearing and… … Financial and business terms

Источник