单词 | Settlement day |
释义 | 交收日 1.The day on which an executed security trade must be settled; the day on which a buyer must pay for the securities delivered by the seller. In relation to the shares traded through the Stock Exchange of Hong Kong, the settlement day is usually two working days after the trade was executed. 2. In the derivatives market, the settlement day is the date upon which the parties must fulfil their obligations specified in the futures or options contract. Derivatives contracts can be settled physically, that means the seller will deliver the underlying asset in exchange for cash, therefore they are usually cash settled. |
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