GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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10:42 Oct 25, 2008 |
German to English translations [PRO] Bus/Financial - Investment / Securities / Post Trade Processing /Straight Through Processing | |||||||
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| Selected response from: Lyn Dunk New Zealand Local time: 20:56 | ||||||
Grading comment
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Summary of answers provided | ||||
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5 | Posting (date) T+1 |
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4 | Settlement T+1 (or T+1 (settlement) |
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2 +1 | T + 1 |
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Settlement T+1 (or T+1 (settlement) Explanation: The trade is settled today (T) + 1 You also find T+3 T+5 etc. |
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T + 1 Explanation: In English texts on payment and securities settlement systems you will often find T + 1. My understanding is that this means the day after the customer gives instructions to his bank/financial institution etc. I have sometimes seen D + 1 as well - which I understand to mean the same thing Reference: http://www.ecb.int/pub/pdf/other/ecbbluebookea200708en.pdf Reference: http://www.ecb.int/press/key/date/2007/html/sp071008_1.en.ht... |
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Posting (date) T+1 Explanation: This means transactions entered into today (=T or TRADE DATE)will be posted (=picked up in the books) next day (= T+1), presumably under good value, i.e. value Trade Date. |
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