Settlement Date

Settlement Date In a spot delivery contract the delivery of share certificates and payment for them have to be concluded on the same day or the next day. In hand delivery contracts the delivery and payment have to be made on an agreed date, not exceeding a fortnight from the date of contract. In practice, however, the settlement date is every alternate Friday.

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.

Powered by WordPress