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What Is Mean By Settlement Of Securities? When Settlement Does Occur? |
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Answer» In Simple term Settlement MEANS money will deducted from buyers and account and security(Shares) will be credited to his account , NORMALLY Settlement occurs after few days of trade date for most of the EXCHANGE its T+3 (i.e. Three days after trade date) , T denotes Trade date means the date on which transaction has taken place. For some of the exchanges e.g. NSE India, SEHK Hongkong its T+2. In Simple term Settlement means money will deducted from buyers and account and security(Shares) will be credited to his account , normally Settlement occurs after few days of trade date for most of the exchange its T+3 (i.e. Three days after trade date) , T denotes Trade date means the date on which transaction has taken place. For some of the exchanges e.g. NSE India, SEHK Hongkong its T+2. |
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