Financial Settlement

A Financial Settlement is a business transaction in which a financial security-related benefit (financial security or interest in a security) are delivered and paid to fulfill an contractual obligation .

• AKA: Security Settlement.
• See: Settlement Date, Interest Rate, Financial Transaction.

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References

2016

• (Wikipedia, 2016) ⇒ http://en.wikipedia.org/wiki/Settlement
  • Settlement of securities is a business process whereby securities or interests in securities are delivered, usually against (in simultaneous exchange for) payment of money, to fulfill contractual obligations, such as those arising under securities trades.

2016

• (MSRB,2016) ⇒ Glossary of Municipal Securities Terms (2016): http://www.msrb.org/Glossary/Definition/SETTLEMENT.aspx
  • QUOTE: Delivery of and payment for a security. See: DELIVERY DATE; GOOD DELIVERY. Compare: CLEARANCE.

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