• When payment is made for a trade.

 Embedded terms in definition
 Referenced Terms
 Ach automated clearinghouse debits: Preauthorized electronic withdrawal from the payer's account and deposit into the payee's account via a Settlement among banks by the automated clearinghouse.

 Back office: Is the area or function which relates to the processing, record keeping, and other operational aspects of transactions for financial firms. This compares to Front Office and Middle Office.Brokerage house clerical operations that support, but do not include, the trading of stocks and other securities. Includes all written confirmation and Settlement of trades, record keeping and regulatory compliance.

 Bundles: Are variations of strip trades whereby a trader or risk manager can place a series of calendar month contracts in one transaction. Packs can be bought or sold. They are quoted in quarter basis points from the previous Settlement price. These transactions expedite credit market positions and swap hedges and adjustments. One can also trade bundles on a forward basis comparable to other money and credit market instruments.

 Cash: The ready currency to which all liquid assets can be reduced.The value of assets that can be converted into cash immediately, as reported by a company. Usually includes bank accounts and marketable securities, such as government bonds and Banker's Acceptances. Cash equivalents on balance sheets include securities (e.g., notes) that mature within 90 days.Is a term used in several ways. Sometimes refers to immediate funds, the Settlement payment on the trade date, instruments which display high degrees of liquidity and act as cash equivalents, or the spot market.

 Cash delivery: The provision of some futures contracts that requires not delivery of underlying assets but Settlement according to the cash value of the asset.

 Related Terms
 Cash settlement
Cash settlement contracts
Good delivery and settlement procedures
Immediate settlement
Regular way settlement
Settlement date
Settlement for real estate
Settlement price
Settlement rate
Settlement risk
Skip day settlement
Structured settlement
Voluntary settlement

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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

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