Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Financial Literacy

Difference Between Trade & Settlement Dates

Nairametrics by Nairametrics
September 21, 2018
in Financial Literacy, New to Investing
Nigerian Stock Exchange

Nigerian Stock Exchange

Share on FacebookShare on TwitterShare on Linkedin

In the financial world, time is money, so when a trade is executed, a day or two is needed to clear the transaction and pass the funds (ownership) from the buyer to the seller. This is where the disparity between the trade and settlement date occurs.

The transaction date is the date on which the transaction occurs, so for example, if you buy the shares of a company, or purchase treasury bills or bonds on the 23rd of May 2018, this date will be your transaction date. The transaction date will not change, as it will always be the date on which you made your transaction.

The Settlement date is, however, different because it refers to the date on which ownership is transferred and money is exchanged between buyer and seller.

RelatedPosts

Central Bank of Nigeria’s July 2022 Treasury Bills auction records 23% oversubscription

Airtel reduces debt to parent company by $450 million

Settlement dates are usually denoted by T+1, T+2, or T+3 days.

What Do T+1, T+2, or T+3 mean?

If you buy (or sell) a security with a T+3 settlement on Monday, and we assume there are no holidays during the week, the settlement date will be Thursday, not Wednesday. The T or transaction date is counted as a separate day. In Nigeria, bonds can also be traded on a T+2 basis.

News continues after this ad



This article was first published on Nairametrics on June 26, 2016.

Related

Tags: BONDSNigerian StocksSettlement datetransaction dateTreasury Billstreasury bills

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Ether trades at $1,900 on the success of Goerli Testnet merge
    • 20 Lucky Kids Rewarded with N4m in UBA Kiddies and Teens Draw
    • Bank managers cause of bank failures in Nigeria – NDIC

    Follow us on social media:

    Recent News

    Ethereum network has burned over $334 million

    Ether trades at $1,900 on the success of Goerli Testnet merge

    August 11, 2022
    20 Lucky Kids Rewarded with N4m in UBA Kiddies and Teens Draw

    20 Lucky Kids Rewarded with N4m in UBA Kiddies and Teens Draw

    August 11, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com