Securing The Speed Of Securities Transactions
PYMNTS
FEBRUARY 9, 2017
Settlement for most stock purchases and sales takes place three days after the initial trade, a concept known as “T+3” settlement. As described by Stone, T+3 settlement has been the standard for most stock market and mutual fund trades since 1995 when it replaced the T+5 settlement process. More than half of all U.S.
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