an account period for transactions in securities on the Stock Exchange where trades are settled on the fifth day
A structure in which transactions are settled a fixed number of days after execution (for example, "transaction date + 3 days" or "T+3") rather than on a fixed calendar date (such as the third Thursday of every month).
The principle that a share transaction has to be settled a fixed number of business days after the deal has been done i.e. cash or stock must be received before the agreed settlement date. (see Settlement)
A modification to the Talisman system which brought to an end the two-week account cycle. Instead, settlement takes place on any business day 10 days after the trade date
means that shares have to be paid for within a certain number of days following each transaction. This will replace the traditional Stock Exchange ACCOUNT system.
System used in most countries including England. Bargains are settled a set number of days after being transacted.
The system of settling share transactions whereby deals are settled a set number of days after being transacted.
System for settling share transactions under which bargains are settled a set number of days after being transacted. Bargains are settled a set number of days after being transacted.
This is normal settlement for CREST eligible securities. The settlement date is based on a set number of business days (normally five business days) after the trade date; i.e. a trade dealt for T + 5 on a Monday would have an intended settlement date of the following Monday.
a situation in which a settlement of securities transactions takes place each day, the settlement of an individual transaction taking place a given number of days after the deal has been struck. This is in contrast to a situation in which settlement takes place only on certain days, for example, once a week or once a month, and the settlement of an individual transaction takes place on the next settlement day (or sometimes the next but one settlement day) following the day the deal is struck.
In rolling segment, all trades executed on a particular day (T) and netted intra-day will be settled on the following third (T+3) working day. This means trades executed on Monday will normally be settled on Thursday (T+3). Both pay-in and pay-out will be on the same day.
In rolling segment, all trades executed on a particular day (T), and netted intra-day, will be settled on the following fifth (T+5) working day. This means trades executed on Monday will normally be settled on next Monday (T+5). Both pay-in and payout will be on the same day.
Rolling Settlement is going to the next major devolopment in stock market. In this system the settlement takeplace "N" days (usually 1,3 or 5) after the Trading day. This is the system by which shares are bought sold and paid for "N" days after the trading day of a particular transaction.