Nature of Settlement
Settlement involves the delivery of securities from one party to another. Delivery usually takes place against payment, but some deliveries are made without a corresponding payment (sometimes referred to as a free delivery). Examples of a delivery without payment are the delivery of securities collateral against a loan of securities, and a delivery made pursuant to a margin call.
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Famous quotes containing the words nature of, nature and/or settlement:
“We all end up living secret lives. We create what we are willing to admire and admiring what we shouldn’t confess to the secret of our own sin, our own insufficiency, our own sadness. We all end up taking our secrets into the world and handing them over to strangers, only to realize it’s often too late to claim them back. The very nature of time passing is sad beyond words. Memories mean they’re gone.”
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