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Forex question What is a Settlement Date?

Question by: Samanthar - 30 Oct 2015, 08:54:06

What is a Settlement Date?

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Answers (2)

Answer by: Jeremy - 02 Nov 2015, 09:23:41

Date on or before which funds and instruments must exchange hands between a buyer and a seller.

Answer by: Joseph - 04 Nov 2015, 08:11:38

The date on which payment is made to settle a trade. For stocks traded on US exchanges, settlement is currently three business days after the trade.

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