When all that is needed to be done between a vendor and purchaser to effect a transfer of property takes place eg: payment of money in exchange for the title to property• Land - Dealings With

In the Interbank Market, the process of receiving one currency and paying out another.

The process by which a sale and purchase of property takes place. It is commonly done by lawyers and involves the payment of the purchase price (less any deposit already paid) in exchange for the Certificate of Title, a transfer document, and a release of previous charges over the property. Keys to the property are usually either handed over to the purchaser or his/her lawyer at settlement, or able to be picked up from the estate agent immediately following settlement.

Settlement is when the loan is drawn down and the exchange occurs completing of the sale or purchase of the property.

A trade is settled when the trade and its counterparts have been entered into the books/records. In regards to FX trading, it is important to note that settlement may or may not involve the actual physical exchange of currencies.

The process of exchanging money and shares for shares.

Actual physical exchange of one currency for another to complete a transaction and honour a contract.

Money paid in full in exchange for Title documents, keys and the right to take possession.

The actual physical exchange of one currency for another. Due within 2 days on a “Spot” transaction

This is the actual conversion of one currency to another.

Actual exchange of base currency and currency between principal and client

The process by which a trade is entered into the books and records of the counterparts to a transaction. The settlement of currency trades may or may not involve the actual physical exchange of one currency for another.

Actual physical exchange of one currency for another between principal and client.

Exchanging money or securities for securities.

The process by which purchases and sales of securities among brokers are determined and the balances paid off at the stock exchange clearinghouse

Every stock exchange fixes its own trading period as anything from three to 14 days or even 21 days. At the end of this period the members settle their positions vis-à-vis other members by squaring up or by carrying forward. The process is called settlement (patavat) and the period is called settlement period. Currently the Bombay Stock Exchange is trading on T+3 settlement period cycle.