We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Trade and Settlement dates?

Options
After reading some definitions on-line, I'm still a little unsure of the significance of the two contractual dates as applied to buying funds, especially in regard to losses or gains in the intervening days?

Comments

  • EdGasket
    EdGasket Posts: 3,503 Forumite
    Trade is the day the deal is traded. Settlement is when they are actually paid for; usually settlement is two days after the bargain (trade) date of the trade.
  • Ballard
    Ballard Posts: 2,980 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    To clarify Ed's post, it doesn't matter what happens between trade & settlement date. Once the deal is struck that's the agreed price. It just takes a couple of days for it to be delivered (and the cash exchanged).
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.