Template:Nutshell Equity Derivatives 1.37: Difference between revisions

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Section {{eqderivprov|1.37}}. '''{{eqderivprov|Settlement Cycle}}'''. “'''{{eqderivprov|Settlement Cycle}}'''” means usual number of {{eqderivprov|Clearance System Business Days}} (or, for {{eqderivprov|Exchange-traded Contract}}s, {{eqderivprov|Exchange Business Days}} following a trade in {{eqderivprov|Shares}} or {{eqderivprov|Exchange-traded Contract}}s (or shares underlying an {{eqderivprov|Index}}) on the {{eqderivprov|Exchange}}  in which settlement will usually occur according to the {{eqderivprov|Exchange}}’s rules for those shares (or, the longest period where there are multiple {{eqderivprov|Exchanges}}). <br>
Section {{eqderivprov|1.37}}. '''{{eqderivprov|Settlement Cycle}}'''. “'''{{eqderivprov|Settlement Cycle}}'''” means usual period of {{eqderivprov|Clearance System Business Days}} (or, for {{eqderivprov|Exchange-traded Contract}}s, {{eqderivprov|Exchange Business Days}} following a trade on which settlement will usually occur according to the {{eqderivprov|Exchange}}’s rules for those shares. If there are multiple {{eqderivprov|Exchanges}}, it will be the longest of the relevant periods. <br>

Revision as of 16:46, 1 May 2018

Section 1.37. Settlement Cycle. “Settlement Cycle” means usual period of Clearance System Business Days (or, for Exchange-traded Contracts, Exchange Business Days following a trade on which settlement will usually occur according to the Exchange’s rules for those shares. If there are multiple Exchanges, it will be the longest of the relevant periods.