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:
“There are some things, my dear Fisher, which do not bear much looking into. You undoubtedly have heard of the Siberian goat herder who tried to discover the true nature of the sun. He stared up at the heavenly body until it made him blind. There are many things of this sort, including love and death.”
—Stanley Kubrick (b. 1928)
“Spirit, that made those heroes dare
To die, and leave their children free,
Bid Time and Nature gently spare
The shaft we raise to them and thee.”
—Ralph Waldo Emerson (1803–1882)
“[The Settlement House] must be grounded in a philosophy whose foundation is on the solidarity of the human race, a philosophy which will not waver when the race happens to be represented by a drunken woman or an idiot boy.”
—Jane Addams (1860–1935)