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:
“Societies have always been shaped more by the nature of the media by which men communicate than by the content of the communication.”
—Marshall McLuhan (1911–1980)
“We have no participation in Being, because all human nature is ever midway between being born and dying, giving off only a vague image and shadow of itself, and a weak and uncertain opinion. And if you chance to fix your thoughts on trying to grasp its essence, it would be neither more nor less than if your tried to clutch water.”
—Michel de Montaigne (1533–1592)
“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)