UK Accounting Glossary
A settlement day is the day on which trades are cleared by the delivery of the securities or foreign exchange.
the day of settling an account.
Specifically : the last day of the settlement upon which payment must be made on any account on a stock exchange except such as are to be carried over to the next settlement.
Refers to the day on which trades are cleared by the delivery of the securities or foreign exchange.
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This glossary post was last updated: 4th May 2019.