• Is the movement towards convergence between the cash and futures market or the cash and forwards market. Here, the price or interest rate differentials are becoming smaller over time between the comparative delivery dates.
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| ||Settlement date: The date on which trade is cleared by delivery of securities against funds. The settlement data may be the trade date or a later date.For stocks, payment must be made by the third business day after the purchase. This is the Settlement Date.Is the date of the financial satisfaction of a transaction. This satisfaction can include payment and delivery of securities. In recent years, there has been progress towards closing the gap between trade date and settlement date. Many back office systems are primarily focused on settlements whereas front office systems are primarily focused on trades or transactions. Here, too the gaps are Narrowing with the implementation of middle office software.The date on which payment is made to settle a trade. For stocks traded on US exchanges, settlement is currently 3 business days after the trade. For mutual funds, settlement usually occurs in the U.S.the day following the trade. In some regional markets, foreign shares may require months to settle.|
| ||Spreading: In the futures market, buying one futures contract and selling a nearby one to profit from an anticipated Narrowing or widening of the spread over time.|
Helping Disabled or Elderly Relatives With Money Management, Even From Far Away: Millions of people serve as financial caregivers for ill or elderly spouses, parents, children or other loved ones. They perform services that include paying bills, handling deposits and investments, filing insurance claims and preparing taxes. Because this role can be costly and physically and emotionally exhausting, especially for a caregiver who lives far away or has the usual time-demands, FDIC Consumer News offers some suggestions. More...
What lies behind us and what lies before us are tiny matters compared to what lies within us. - Ralph Waldo Emerson (1803-1882)