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 and/or settlement:

    I consider it useless and tedious to represent what exists, because nothing that exists satisfies me. Nature is ugly, and I prefer the monsters of my fancy to what is positively trivial.
    Charles Baudelaire (1821–1867)

    ... 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)