Settlement (finance) - Nature of Settlement

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.

Read more about this topic:  Settlement (finance)

Famous quotes containing the words nature of, nature and/or settlement:

    He who cannot obey himself will be commanded. Such is the nature of all living things.
    Friedrich Nietzsche (1844–1900)

    ... if a person is to be unconventional, he must be amusing or he is intolerable: for, in the nature of the case, he guarantees you nothing but amusement. He does not guarantee you any of the little amenities by which society has assured itself that, if it must go to sleep, it will at least sleep in a comfortable chair.
    Katharine Fullerton Gerould (1879–1944)

    ... if the Settlement seeks its expression through social activity, it must learn the difference between mere social unrest and spiritual impulse.
    Jane Addams (1860–1935)