Actual Settlement-Date definition
Actual Settlement-Date is the date securities and cash proceeds are exchanged between the buying and selling parties at the Clearing System for security trades.
Examples of Actual Settlement-Date in a sentence
Trade Instructions for U.S. dollar based International equity and fixed income security trades which have been received by the SEI Trust Securities Processing area by the Cutoff Time specified in the Outsourcing Operating Guide will post in Account on Actual Settlement-Date.