Fund Operations

Settlement Period

Definition

What is Settlement Period?

The time between a valid transaction and final delivery of cash or securities.

Example in practice

A redemption paid within three business days has a three-day settlement period.

Keep learning

The deadline by which a valid fund instruction must be received for a particular dealing day.

The specified time at which a fund values its assets and calculates dealing prices.

A fund-pricing method under which orders receive a price calculated after the instruction is accepted.

A debt security through which an investor lends money to an issuer in return for promised payments.

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