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What Is a Settlement Date? The settlement date is the date when a trade is final, and the buyer must make payment to the seller while the seller delivers the assets to the buyer. The settlement date for stocks and bonds is usually two business days after the execution date (T+2).

The rationale for the delayed settlement is to give time for the seller to get documents to the settlement and for the purchaser to clear the funds required for settlement. T+2 is the standard settlement period for normal trades on a stock exchange, and any other conditions need to be handled on an "off-market" basis.

The seller sets the date of settlement in the contract of sale. The settlement period is usually 30 to 90 days. Settlement is the date when you: pay the balance of the purchase price to the seller.

For example, suppose you placed an online trade order on Monday, June 8, and it was executed on the same day. So, Monday, June 8, becomes your trading date. Then the settlement date will be Thursday, June 11, three days after the trade date and represented as T+3, where T is the trade date.

The delivery date, also known as the settlement date or value date, refers to the specific date on which an investment contract must be completed.

A transaction date represents the date on which a transaction occurs whereas the settlement date is the day on which the transaction is finalised, that is, the ownership of the security is transferred to the buyer.

The settlement period begins on the day the written contract of sale is signed by both parties (also known as the 'exchange of contracts'). It ends on the settlement day (the parties agree on this date at the time they sign the contract).

The settlement date is the date when a trade is final, and the buyer must make payment to the seller while the seller delivers the assets to the buyer. The settlement date for stocks and bonds is usually two business days after the execution date (T+2).

On settlement day, at an agreed time and place, your settlement agent (solicitor or conveyancer) meets with your lender and the seller's representatives to exchange documents. They organise for the balance of the purchase price to be paid to the seller.

A transaction date represents the date on which a transaction occurs whereas the settlement date is the day on which the transaction is finalised, that is, the ownership of the security is transferred to the buyer.