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:

    To punish a man because he has committed a crime, or because he is believed, though unjustly, to have committed a crime, is not persecution. To punish a man, because we infer from the nature of some doctrine which he holds, or from the conduct of other persons who hold the same doctrines with him, that he will commit a crime, is persecution, and is, in every case, foolish and wicked.
    Thomas Babington Macaulay (1800–1859)

    What comes over a man, is it soul or mind
    That to no limits and bounds he can stay confined?
    You would say his ambition was to extend the reach
    Clear to the Arctic of every living kind.
    Why is his nature forever so hard to teach
    That though there is no fixed line between wrong and right,
    There are roughly zones whose laws must be obeyed?
    Robert Frost (1874–1963)

    The Settlement ... is an experimental effort to aid in the solution of the social and industrial problems which are engendered by the modern conditions of life in a great city. It insists that these problems are not confined to any one portion of the city. It is an attempt to relieve, at the same time, the overaccumulation at one end of society and the destitution at the other ...
    Jane Addams (1860–1935)