Settlement (of securities) is the process whereby securities or interests in securities are delivered, usually against payment, to fulfill contractual obligations, such as those arising under securities trades. This involves the delivery of securities to perform contractual delivery obligations. It usually also involves the corresponding payment of a purchase price. Usually settlement is preceded by trading, which involves entering into contracts of sale and purchase.

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  • Settlement (of securities) is the process whereby securities or interests in securities are delivered, usually against payment, to fulfill contractual obligations, such as those arising under securities trades. This involves the delivery of securities to perform contractual delivery obligations. It usually also involves the corresponding payment of a purchase price. Usually settlement is preceded by trading, which involves entering into contracts of sale and purchase. Although settlement is generally becoming quicker, in most markets a number of business days still elapse between trading and settlement (the settlement date). The settlement date for marketable stocks is usually three business days after the trade was executed and for listed options and government securities it is usually one day. A number of risks arise for the parties during the settlement interval, which are managed by the process of clearing, which follows trading and precedes settlement. Clearing involves modifying those contractual obligations so as to facilitate settlement, often by netting and novation.
  • Als Settlement wird im Finanzwesen die (physische) Übereignung von Wertpapieren (titel- und geldmäßige Erfüllung bzw. Verbuchung) nach einer Wertpapiertransaktion oder einem Finanzgeschäft im Allgemeinen bezeichnet, die von Clearinghäusern oder Zentralverwahrern übernommen wird. Diese erfolgt nach dem Clearing und meist gegen entsprechende Bezahlung durch Geld oder andere Wertpapiere.
  • Cash settlement is de term voor de afwikkeling van financiële derivaten zoals opties en futures in geld. Als een financieel contract met een cash settlement wordt afgewikkeld, dan wordt de waarde berekend en in geld verrekend. Dit is de tegenhanger van de methode van fysieke levering. Fysieke levering houdt in dat de onderliggende waarde waarop de contracten betrekking hebben daadwerkelijk geleverd worden. Zo kan men dus de eigenaar worden van partijen commodities zoals katoen, olie of goud of financiële waarden zoals aandelen of obligaties. Met name bij fysieke goederen vraagt dit om extra aandacht voor het risicomanagement.
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  • Settlement (of securities) is the process whereby securities or interests in securities are delivered, usually against payment, to fulfill contractual obligations, such as those arising under securities trades. This involves the delivery of securities to perform contractual delivery obligations. It usually also involves the corresponding payment of a purchase price. Usually settlement is preceded by trading, which involves entering into contracts of sale and purchase.
  • Als Settlement wird im Finanzwesen die (physische) Übereignung von Wertpapieren (titel- und geldmäßige Erfüllung bzw. Verbuchung) nach einer Wertpapiertransaktion oder einem Finanzgeschäft im Allgemeinen bezeichnet, die von Clearinghäusern oder Zentralverwahrern übernommen wird. Diese erfolgt nach dem Clearing und meist gegen entsprechende Bezahlung durch Geld oder andere Wertpapiere.
  • Cash settlement is de term voor de afwikkeling van financiële derivaten zoals opties en futures in geld. Als een financieel contract met een cash settlement wordt afgewikkeld, dan wordt de waarde berekend en in geld verrekend. Dit is de tegenhanger van de methode van fysieke levering. Fysieke levering houdt in dat de onderliggende waarde waarop de contracten betrekking hebben daadwerkelijk geleverd worden.
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  • Settlement (finance)
  • Settlement
  • Cash settlement
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